Weekly Ag Markets Update – 08/11/2025

Wheat: Wheat was slightly lower last week in response to the strong weekly export sales report and rising world prices for good quality Wheat.  There was talk that Russia had a lot of bugs in its Wheat and that made the wheat more difficult to sell..  Ideas of solid harvest progress and good yields are still around and are forcing the selling.  Harvest conditions for Winter Wheat appear to be good in the US and Spring Wheat development is currently good.  Rains have been good in the northern Great Plains but Canada has been a little too dry for best yield potential and the northern Plains had hot and dry areas earlier in the year.  Canada could still produce an average to above average crop.  Russia is still being watched for dry weather that has so far hurt yields and Ukraine is watched for the same reason and because of the war that could destroy some fields.  Russian Black Sea prices have been firming as producers are not making sales and are looking for higher prices to offset yield losses.  Southern hemisphere crops appear to be good.  The weekly export sales report showed sales within trade expectations.

Weekly Chicago Soft Red Winter Wheat Futures

Weekly Kansas City Hard Red Winter Wheat Futures

Weekly Minneapolis Hard Red Spring Wheat Futures

Unavailable today

 

Corn:  Corn was lower last week on ideas of big supplies coming here and being harvested now in Brazil, but closed in the middle of the weekly trading range due to a very strong weekly export sales report.  USDA said that over 3.1 million tons of Corn was sold in the most recent weekly period.  There still appeared to be speculative selling on widespread record crop production predictions based on additional forecasts for improving weather for the Midwest.  A slow warming trend could develop through this weekend and it should be mostly dry.  Most of the Midwest has seen adequate or greater precipitation and production ideas are high.  Yield estimates near or above 186 bushels per acre are frequently heard, but the surveys of analysts conducted by the wire services pointed to yields near 183 bushels per acre.  Demand for Corn in world markets remains strong.  Oats were sharply lower on the weekly charts.

Weekly Corn Futures

 Weekly Oats Futures

 

 

Soybeans and Soybean Meal: Soybeans were  little higher and Soybean Meal was higher last week and Soybean Oil was lower as good growing conditions continue in the Midwest.  The weekly export sales report showed good sales of about 1.0 million tons when old crop and new crop sales are combined.  Temperatures should turn a little warmer through the weekend.  Prices are now reported to be higher in Brazil, but China and other buyers are still buying there for political reasons.  Export demand remains less for US Soybeans as China has been taking almost all the export from South America.  Trade estimates for the USDA crop reports next week are often at 55 bu/acre or a little higher, but analysts polled by the newswires estimated yields closer to 53 bu/acre.

Weekly Chicago Soybeans Futures

Weekly Chicago Soybean Meal Futures

 

Rice:  Rice was higher last week and the market is trying to form a second low on the weekly charts.  Chart trends are mixed to up on the daily charts.  The cash market has been slow with low bids from buyers in domestic markets and average or less export demand.  New crop harvesting has started in Louisiana with reports of good but not great yields and quality.  There is more concern about the crops in Arkansas where it has turned very hot.  Milling quality of the old crop Rice remains below industry standards and it takes more Rough Rice to create the grain for sale to stores and exporters.  Rice is heading in most growing areas now and harvest has started near the Gulf Coast.  The weekly export sales report showed just average demand.

Weekly Chicago Rice Futures

 

Palm Oil and Vegetable Oils: Palm Oil futures were a little higher last week before the release of the next round of MPOB reports on Monday.  There was talk that India will soon be buying a lot with festivals coming soon.  Ideas that current increased production levels mean higher inventories in MPOB monthly data are still around.  Canola was lower last week.  Trends are mixed on the daily charts and on the weekly charts.  The weather has generally been dry for crop development in the Prairies with warm and dry weather still around.

Weekly Malaysian Palm Oil Futures

Weekly Chicago Soybean Oil Futures

Weekly Canola Futures

 

Cotton:  Cotton was a little higher in mostly sideways trading next week.  Many are getting ready for the USDA WASDE reports that will be released on Tuesday.  Ideas are hat the reports could show a decrease in demand and a slight increase in ending stocks.  The weekly export sales report showed relatively strong sales.   Better weather is expected for the Delta and Southeast for the coming week as crop condition reports were mostly unchanged.  The weekly export sales report showed weak demand once again, but demand was improved for the week.  The economic news on Friday of weaker than expected jobs data from the Commerce Dept for the recent quarter caused the stock market and crude oil and grains to sell off.  There are still reports of hotter and drier weather in West Texas.  There are still ideas that growing conditions are generally good.  There are still reports of better weather in Texas and into the Southeast and demand concerns caused by the tariff wars are still around.  It is starting to turn dry in west Texas again, however.  Condition is rated behind last year.  The monsoon in India is good and a good production there is possible.

Weekly US Cotton Futures

 

Frozen Concentrated Orange Juice and Citrus:  Futures were slightly higher last week after making new lows for the move.  Trends are mixed on the daily charts but still down on the weekly charts.  The selling came in response to news that President Trump had decided to remove OJ from the punishing tariffs on Brazil it announced earlier in the year.  So, the actions by the president have created major highs and lows in the market.  Development conditions are good in Florida now with daily rounds of showers.  The poor production potential for the crops comes from weather but also the greening disease that has caused many Florida and closed near the lows of the week producers to lose trees.

Weekly FCOJ Futures

 

Coffee:  New York and London were both higher last week, with New York posting the most significant gains as deliverable stocks have declined.  Robusta is still more available to the market and with Brazil looking for new markets not in the US for its Coffee due to the US tariffs imposed on imports from Brazil.  Arabica has been weaker recently also on the current good weather in Brazil.  Prices had been dropping for several weeks and are much more moderate than before as supplies available to the market have ticked up.  The Brazil Robusta harvest continues, and Indonesia continues to harvest.  Vietnam is done with its harvest and domestic price were firm last week.  The Brazil Arabica harvest is near the end and is expected to be less this year.

Weekly New York Arabica Coffee Futures

Weekly London Robusta Coffee Futures

 

Sugar: Both markets were higher last week in what appeared to be short covering.  There were ideas of less European production this year that could rally prices later in the year but have drawn no interest so far.  Pakistan has issued a new international tender earlier in the week to buy 100,000 tons of White Sugar.  Ideas of good supplies for the market from good growing conditions for cane and beets around the world continue.  The South Center Brazil harvest is faster now amid drier conditions.  Production in Center-South Brazil has also been strong. Good growing conditions are reported in India and Thailand after a fast start to the Monsoon season.  Good rains are still reported in Thailand.  Sugar prices in Brazil are now cheap enough that at least some refiners could increase ethanol production and cut back on Sugar production.  However, the total recovered Sugar juice has been less in Brazil this year.

Weekly New York World Raw Sugar Futures

Weekly London White Sugar Futures

 

Cocoa:  New York was higher last week and London closed near unchanged as the British Pound gained on the US Dollar.  Demand ideas were down on Friday after the Swiss Chocolate Association said that the Trump tariffs would hurt sales by its members into the US.  The President imposed a 34% tariff on Switzerland last week.  There are still reports of increased production potential in other countries outside of West Africa, including Asia and Central America.  The market anticipates good demand and less production from Ivory Coast and Ghana.  Adequate soil moisture in Ivory Coast is fostering abundant flowering on trees, signaling a healthy October-to-March main crop.

Weekly New York Cocoa Futures

Weekly London Cocoa Futures

 

 

Futures and options trading involves substantial risk of loss and may not be suitable for everyone. The valuation of futures and options may fluctuate and as a result, clients may lose more than their original investment. In no event should the content of this website be construed as an express or implied promise, guarantee, or implication by or from The PRICE Futures Group, Inc. that you will profit or that losses can or will be limited whatsoever. Past performance is not indicative of future results. Information provided on this report is intended solely for informative purpose and is obtained from sources believed to be reliable. No guarantee of any kind is implied or possible where projections of future conditions are attempted.  The leverage created by trading on margin can work against you as well as for you, and losses can exceed your entire investment. Before opening an account and trading, you should seek advice from your advisors as appropriate to ensure that you understand the risks and can withstand the losses.

Questions? Ask Jack Scoville today at 312-264-4322