Mark's Market Talk for July 14, 2025

Corn and beans had a bad week as corn dropped 25 cents and beans were 42 cents lower on the week. Last Friday’s S and D report was neutral to slightly bullish, but it was not enough to overcome the weather. A large part of the corn belt is going through pollination, and the weather could not be better. Most areas continue to get rain, and the temperatures have not been critical. Meanwhile South America’s corn crop keeps getting better and they keep lowering their price to move corn out of the country. We still had some export sales last week from some of our friends. The hope was we would see more trade agreements announced last week but that did not happen. The President did delay several tariff increases giving countries more time to come to the table. This process was never seen as being easy to fix. We would stand a better chance if we were short grain in the world. Right now they have other options to buy their grain elsewhere which is going to stretch these trade talks out for some time yet. We are now seeing old crop grain prices very similar to what the new is worth. That says the end users have most of their needs met and are already looking to fall prices. Meanwhile we have to be on the lookout for opportunities where some one needs grain right away and take advantage of it.