2/4/2025 8:00 am

SEC corn Marketing/WDG meeting Tuesday Feb 11th at 10am. Ridge Golf Course, RSVP today!!!

More trade news with China last night imposing their own tariffs on US coal, crude oil, LNG and farm equipment after US put 10% tariffs on Chinese products yesterday. President Trump reportedly to talk with President Xi by phone today. Energies are lower on the news. China returns from Lunar New Year holiday tomorrow.

Grains and oilseeds also lower with soyoil down hard following energies and with a reprieve for imports of Canadian canola oil for now. Open interest in corn was down 10k contracts yesterday while soybeans and soyoil open interest were both up 10k contracts.

Some much needed rains are falling in central Argentina overnight, today and tomorrow. These rains will be critical as hot temps return for 7-9 days before the next change of moisture. Harvest in Brazil for soybeans remains slowed by rains but should see pace pick up in the coming week.

 1/10/2025