EDWARDS MARKET THOUGHTS

5/21/2025 8:00 am

Follow through short covering being seen in wheat and corn with soybeans also seeing support as soyoil rebounds.

US corn basis continues to firm on lack of farmer selling/movement with some processor markets in the ECB paying +50N. Job of the market remains to pull cheaper WCB corn into the ECB/Southeast.

Estimates for today's EIA ethanol production range from 983-1,045 vs 993 last week with stocks range of 24,850-25,645 vs 25,445 last week.

US wheat harvest trying to progress in southern TX and in the US Delta. More rain to move through next several days will hamper cutting.

 


Charts

 5/12/2025