Mark's Market Talk for September 29, 2025

Harvest pressure started to kick in last week as more combines started to roll across the corn belt. The weather forecast for the next 7 to 10 days says the pace will pick up and continue. The focus will be on bean harvest this week as they have reached the time to harvest. Early yield reports are promising and perhaps we will see some near record bean yields. Corn yield reports have been lower than most of us expected. They are still very good, but not what we thought they would be in mid-July. Looking at yield reports across the mid-west it appears a lot of areas are seeing the same thing. Perhaps it will be enough to lower the national yield a bit. We have a stocks report out this week that will give us the ending carryout numbers for the 24 crop and that will become the carry in numbers for the 25 crop. The lack of bean sales to China will eventually need to be addressed correctly in future reports. Sales to some other countries have picked up, which will help some. We need to work at selling beans to the rest of the world to help overcome the loss of Chinese demand. More Biofuel would be a huge help, and the government needs to offer more support to this industry. All of us would rather get our money from the marketplace instead of government support payments. Last week December corn was down 2 cents while November beans ended 12 cents lower. Corn still has some support under the market as export sales have remained strong, and we are competitively priced in the world market. The concern is where the price of beans will head to. A record crop and less exports will not be positive things.