Current Trade
- Corn 1 to 2 lower (9 cent range)
- Soybeans 1 to 2 lower (12 cent range)
- Wheat 2 to 3 higher (11 cent range)
- Basis
- Live Cattle
- Lean Hogs
- Dow Jones
- Crude Oil
First Glance
- Corn 24/25 US Corn Stocks: 1.540 BBU (1.526 BBU Estimate) 24/25 World Corn Stocks: 290.3 MMT (292.52 MMT Estimate) 24/25 Brazil Corn Prod: 126 MMT (126.74 Estimate) 24/25 Argentina Corn Prod: 50 MMT (50.49 Estimate)
- Soybeans 24/25 US Bean Stocks: 380 MBU (374 MBU Estimate) 24/25 World Bean Stocks: 124.3 MMT (127.79 MMT Estimate) 24/25 Brazil Bean Prod: 169 MMT (169.64 Estimate) 24/25 Argentina Bean Prod: 49 MMT (50.89 Estimate)
- Wheat 24/25 US Wheat Stocks: 794 MBU (799 MBU Estimate) 24/25 World Wheat Stocks: 257.6 MMT (258.6 MMT Estimate)
- Basis
- Live Cattle
- Lean Hogs
- Dow Jones
- Crude Oil
Overview
Despite prices pulling back from recent highs after the report release, the numbers were within estimates and held no major surprises. The bulls were hoping for smaller US corn stocks based on the improved export pace, but the USDA increased stocks by a modest amount. The other numbers for US and world stocks show corn stocks are shrinking on the margins, but SA yields are not shrinking enough to add any bullish spark.
Other news was limited as nothing new on the trade/tariff front was announced today with no rumors that anything is expected the rest of the week. Weekly exports should be solid again for corn as Mexico continues to be a frequent buyer.
The charts look great with Dec corn making a new 8-month high in early trade while Nov bean and July wheat continue to trade comfortably in the upper end of the recent range above technical support. The funds continue to be buyers in all three which is providing the bullish volume.
This will be today’s only comment as the markets have settled down and trading on either side of unchanged in a quiet trade.
Please take some time to listen to the latest Helena Agri podcast where the latest policy updates from Washington and a brief outlook for possible outcomes from the tariffs on the markets.
December Corn – Daily
November Beans – Daily
July Wheat – Daily
Sales Targets
Last Updated: 09/09/2025
Sales Targets – Last Updated February 3rd ** All Sales Targets – On Hold **
Corn
Beans
Wheat
- 2023 Crop Finished Finished Finished
- 100% Sold at $4.97 Avg* 100% Sold at $13.24 Avg* 100% Sold at $6.60 Avg
- 2024 Crop On Hold – May ‘25 Finished Finished
- 90% Sold at $4.48 Avg 100% Sold at $11.13 Avg 100% Sold at $6.20 Avg
- Current Price $5.04
- 2025 Crop On Hold - Dec ‘25 On Hold – Nov ‘25 On Hold– July ‘25
- 50% Sold at $4.44 Avg 65% Sold at $10.65 60% Sold at $6.63 Avg
- Current Price $4.72 $10.58 $6.07
%’s are total of expected yields. Bold Prices are Updated Sales Targets. * price includes trading
Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. No market data or other information is warranted by Reliance Capital Markets II LLC as to completeness or accuracy, express or implied, and is subject to change without notice. Any comments or statements made herein do not necessarily reflect those of Reliance Capital Markets II LLC, or their respective subsidiaries, affiliates, officers or employees. Disclaimer: Past performance is not indicative of future results. Strategic Trading Advisors is a registered DBA of Reliance Capital Markets ll LLC.
About Jody Lawrence
Jody Lawrence has been in the commodity brokerage and agriculture marketing business since 1992 and started Strategic Trading Advisors in 1999 and runs it today with his son Brady. The daily market comment his company publishes has over 7000 subscribers in 33 states and 3 countries and provides a concise overview of the world markets with ideas on farm hedging and marketing. Jody also travels the country giving 60-70 marketing meetings a year through his 22-year strategic partnership with Helena Agri-Enterprises.