Clean Fuels Alliance America filed comments with the Environmental Protection Agency on the “Proposed Renewable Fuel Standards for 2026 and 2027.” Clean Fuels expressed appreciation for the EPA’s intent to provide consistent RFS growth in recognition of U.S. farmers’, feedstock providers’, and biomass-based producers’ investments in new capacity. EPA proposes a robust step-change in biomass-based diesel and advanced biofuel volumes beginning in 2026. 

The agency projects the requirement to reach 5.61 billion gallons in 2026, which is more than two billion gallons higher than in 2025. “The proposal is a welcome signal to U.S. farmers and biofuel producers, and we are ready to meet these higher volumes with domestically-produced fuel,” Kurt Kovarik, Clean Fuels Vice President of Federal Affairs, said, “The industry supplied over five billion gallons of biodiesel, renewable diesel, and SAF in 2024, and we’re poised to deliver more in 2026.” 

Clean Fuels Alliance America filed comments with the Environmental Protection Agency on the “Proposed Renewable Fuel Standards for 2026 and 2027.” Clean Fuels expressed appreciation for the EPA’s intent to provide consistent RFS growth in recognition of U.S. farmers’, feedstock providers’, and biomass-based producers’ investments in new capacity. EPA proposes a robust step-change in biomass-based diesel and advanced biofuel volumes beginning in 2026. The agency projects the requirement to reach 5.61 billion gallons in 2026, which is more than two billion gallons higher than in 2025. “The proposal is a welcome signal to U.S. farmers and biofuel producers, and we are ready to meet these higher volumes with domestically-produced fuel,” Kurt Kovarik, Clean Fuels Vice President of Federal Affairs, said, “The industry supplied over five billion gallons of biodiesel, renewable diesel, and SAF in 2024, and we’re poised to deliver more in 2026.” -NAFB

Clean Fuels asks EPA to sustain robust biodiesel volumes

The University of Missouri Extension is hosting a second annual event designed to empower women in agriculture. 

The 2025 Women in Agriculture night will take place August 21st at the R/Farm Distillery in Mound City, the second event of its kind 

Denise Ferguson with the Missouri Extension in Buchanan County says this type of event is something they are finding they need more of to access a larger audience

"So this is a partnership with the Atchison, Holt, and Nodaway counties soil, water, and conservation district, the Natural Resource Conservation Office, and the FSA office up there," Ferguson says on the KFEQmunnity show.  "They received a grant to cover three counties with Women in Ag events, so last year was the first annual and we did that in Atchison county, this year it's being held in Holt county, and next year it's going to be in Nodaway county."

Ferguson says the event will feature several local vendors and food trucks, but also educational opportunities

"For instance from 4:30 to 5:30 for about an hour, Luke Skinner from the NRCS, he's the area soil health specialist, and he's going to do demonstrations that's going to include rainfall on different ground covers, different scenarios, and he's also going to talk about the grazing schools," Ferguson explains.

&nbsp;Ferguson says this event isn't just for women, it's designed to be about creating community

"Obviously we're targeting women, but it's not limited to women, we just want to create community in the rural areas and educate and share in experiences as far as agriculture," Ferguson says.

The event will run from 4 to 7:30 pm on Thursday August 21st.  Admission is $5.  You can contact the Buchanan County Extension Office or Ferguson for more information.

You can follow Matt on X @KfeqMatt.&nbsp;&nbsp;

By MATT PIKEThe University of Missouri Extension is hosting a second annual event designed to empower women in agriculture. The 2025 Women in Agriculture night will take place August 21st at the R/Farm Distillery in Mound City, the second event of its kind Denise Ferguson with the Missouri Extension in Buchanan County says this type of event is something they are finding they need more of to access a larger audience"So this is a partnership with the Atchison, Holt, and Nodaway counties soil, water, and conservation district, the Natural Resource Conservation Office, and the FSA office up there," Ferguson says on the KFEQmunnity show. "They received a grant to cover three counties with Women in Ag events, so last year was the first annual and we did that in Atchison county, this year it's being held in Holt county, and next year it's going to be in Nodaway county."Ferguson says the event will feature several local vendors and food trucks, but also educational opportunities"For instance from 4:30 to 5:30 for about an hour, Luke Skinner from the NRCS, he's the area soil health specialist, and he's going to do demonstrations that's going to include rainfall on different ground covers, different scenarios, and he's also going to talk about the grazing schools," Ferguson explains.&nbsp;Ferguson says this event isn't just for women, it's designed to be about creating community"Obviously we're targeting women, but it's not limited to women, we just want to create community in the rural areas and educate and share in experiences as far as agriculture," Ferguson says.The event will run from 4 to 7:30 pm on Thursday August 21st. Admission is $5. You can contact the Buchanan County Extension Office or Ferguson for more information.You can follow Matt on X @KfeqMatt.&nbsp;&nbsp;

Local annual event empowering women in agriculture

December corn closed up 2 1/4 cents per bushel at $4.07 3/4 and March corn was up 2 1/4 cents at $4.25 1/4. November soybeans closed up 23 3/4 cents at $10.11 1/4 and January soybeans were up 23 cents at $10.29 1/2. September KC wheat closed up 3/4 cent at $5.19, September Chicago wheat was up 1/2 cent at $5.15 0/1 and September Minneapolis wheat was up 1 cent at $5.77 3/4.

An unusual overnight social media post by President Trump requesting that China quadruple their purchases of U.S. soybeans, along with a statement that China was concerned about their shortage of soybeans sent beans and products surging Monday. Whether or not the mere suggestion would lead to a U.S.-China soybean grain agreement remains to be seen, but it had funds covering some of their shorts. Corn and wheat were modestly higher as well.

Following Friday's tumultuous trade, the live cattle complex scurried back and forth, unsure of what it's supposed to do next. The live cattle contracts traded mixed with a level of uncertainty looming above the marketplace, but all contracts did finish modestly in the green by the closing bell. The market's next support plane lies around $220 in the October contract, and if the market broke below that, it would indeed be a bearish signal for the complex. New showlists appear to be mixed, higher in Kansas and Nebraska/Colorado, but lower in Texas.

Although demand remains red hot in the countryside, the feeder cattle complex continued to trade lower as traders remain unsettled in a technical sense for the bulk of the session, but did manage to finish slightly higher in the nearby contracts by the closing bell. It wouldn't be surprising to see demand slightly softer in the countryside early this week, as buyers would gladly see prices soften given the record highs at which they've currently been.

The lean hog complex ended up trading higher into the closing bell, after chopping sideways for the bulk of the session, as pork cutout values are higher and traders aren't currently pressured by any immediate resistance pressure. The rib (up $5.99), belly (up $5.31) and the picnic (up $5.17) are helping push the carcass price higher more than anything else.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/08/11144445/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed up 2 1/4 cents per bushel at $4.07 3/4 and March corn was up 2 1/4 cents at $4.25 1/4. November soybeans closed up 23 3/4 cents at $10.11 1/4 and January soybeans were up 23 cents at $10.29 1/2. September KC wheat closed up 3/4 cent at $5.19, September Chicago wheat was up 1/2 cent at $5.15 0/1 and September Minneapolis wheat was up 1 cent at $5.77 3/4.An unusual overnight social media post by President Trump requesting that China quadruple their purchases of U.S. soybeans, along with a statement that China was concerned about their shortage of soybeans sent beans and products surging Monday. Whether or not the mere suggestion would lead to a U.S.-China soybean grain agreement remains to be seen, but it had funds covering some of their shorts. Corn and wheat were modestly higher as well.LIVESTOCK:Following Friday's tumultuous trade, the live cattle complex scurried back and forth, unsure of what it's supposed to do next. The live cattle contracts traded mixed with a level of uncertainty looming above the marketplace, but all contracts did finish modestly in the green by the closing bell. The market's next support plane lies around $220 in the October contract, and if the market broke below that, it would indeed be a bearish signal for the complex. New showlists appear to be mixed, higher in Kansas and Nebraska/Colorado, but lower in Texas.Although demand remains red hot in the countryside, the feeder cattle complex continued to trade lower as traders remain unsettled in a technical sense for the bulk of the session, but did manage to finish slightly higher in the nearby contracts by the closing bell. It wouldn't be surprising to see demand slightly softer in the countryside early this week, as buyers would gladly see prices soften given the record highs at which they've currently been.The lean hog complex ended up trading higher into the closing bell, after chopping sideways for the bulk of the session, as pork cutout values are higher and traders aren't currently pressured by any immediate resistance pressure. The rib (up $5.99), belly (up $5.31) and the picnic (up $5.17) are helping push the carcass price higher more than anything else. <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/08/11144445/web-closing-markets.mp3">Click HERE for audio</a>

Commodity markets daily recap

The Renewable Fuel Standard turned 20 on Friday, August 8th. Groups like the National Corn Growers Association celebrated the milestone, noting that since it was signed into law, the RFS has provided immeasurable benefits to Americans. “It has dramatically increased demand for corn, provided significant savings to consumers at the pump, and strengthened America’s energy dominance,” said NCGA President Kenneth Hartman, Jr. 

Clean Fuels Alliance America also celebrated the 20th birthday of the RFS. “Under the RFS, the last twenty years have seen biodiesel and renewable diesel production grow from a few hundred million gallons to five billion gallons, meeting nine percent of the nation’s on-road diesel demand,” said Kurt Kovarik, Clean Fuels’ Vice President of Federal Affairs. “Biodiesel and renewable diesel production are vital for America’s economy, supporting $42.4 billion in economic opportunity.” It also supports ten percent of the value of every soybean grown in the United States’ fields.  

The Renewable Fuel Standard turned 20 on Friday, August 8th. Groups like the National Corn Growers Association celebrated the milestone, noting that since it was signed into law, the RFS has provided immeasurable benefits to Americans. “It has dramatically increased demand for corn, provided significant savings to consumers at the pump, and strengthened America’s energy dominance,” said NCGA President Kenneth Hartman, Jr. Clean Fuels Alliance America also celebrated the 20th birthday of the RFS. “Under the RFS, the last twenty years have seen biodiesel and renewable diesel production grow from a few hundred million gallons to five billion gallons, meeting nine percent of the nation’s on-road diesel demand,” said Kurt Kovarik, Clean Fuels’ Vice President of Federal Affairs. “Biodiesel and renewable diesel production are vital for America’s economy, supporting $42.4 billion in economic opportunity.” It also supports ten percent of the value of every soybean grown in the United States’ fields. -NAFB

The RFS turns 20

The U.S. agricultural trade deficit hit a record high in the first half of 2025. Bloomberg said that only highlights American farmers’ longtime dominant role in world exports, which is hurt by President Donald Trump’s trade wars. Agricultural export value trailed the import value by $4.1 billion in June, a gap that’s 14 percent larger than a year ago. That pushed the ag sector’s trade deficit to $28.6 billion through the first half of 2025. 

For 50 years, the U.S. ag sector has consistently had major trade surpluses, but the growing deficit signals a historic reversal for the sector. The trend shift began in Trump’s first term during the trade war with China. Recent data from the U.S. Commerce Department showed the U.S. exported only $5.5 billion worth of farm goods to China during the first six months of the year, compared to $11.8 billion at the same point last year. 

The U.S. agricultural trade deficit hit a record high in the first half of 2025. Bloomberg said that only highlights American farmers’ longtime dominant role in world exports, which is hurt by President Donald Trump’s trade wars. Agricultural export value trailed the import value by $4.1 billion in June, a gap that’s 14 percent larger than a year ago. That pushed the ag sector’s trade deficit to $28.6 billion through the first half of 2025. For 50 years, the U.S. ag sector has consistently had major trade surpluses, but the growing deficit signals a historic reversal for the sector. The trend shift began in Trump’s first term during the trade war with China. Recent data from the U.S. Commerce Department showed the U.S. exported only $5.5 billion worth of farm goods to China during the first six months of the year, compared to $11.8 billion at the same point last year. -NAFB

U.S. ag trade deficit continues climbing in 2025

September corn closed down 1 3/4 cents and December corn was down 1 1/2 cents. September soybeans closed down 6 1/4 cents and November soybeans were down 6 1/4 cents. September KC wheat closed down 3 1/4 cents, September Chicago wheat was down 3 3/4 cents, September Minneapolis wheat was up 2 3/4 cents.

September corn closed down 6 3/4 cents and December corn was down 5 1/4 cents. September soybeans closed down 1 3/4 cents and November soybeans were down 1 3/4 cents. September KC wheat closed down 1/2 cents, September Chicago wheat was down 2 1/4 cents and September Minneapolis wheat was up 4 1/2 cents.

Markets looked poised to extend their late-week rally into the weekend early Friday, but momentum waned as the session wore on as traders are likely awaiting the USDA next week to offer clues on price direction through the remaining weeks ahead of the 2025 U.S. harvest. In outside markets for Friday, equities are heading higher to round out a back-and-forth week as investors weigh the uncertainties of this week's latest tariff developments, while preparing for next week's inflation reading. Crude oil futures also bounced off daily lows and the lowest price since early June, prior to the Israel-Iran conflict, and if values hold will narrowly avoid lower trade for each day this week.

If today's action isn't evidence of what emotional volatility can look like, then I don't know what would be. The live cattle complex fronted a magnificent rally throughout the week, only to come crashing lower on Friday. Why, you ask? Good question. One could say that traders have exhausted their efforts, someone could say that tariff chatters are taking their toll, another could highlight that traders are anxious as they've yet to see what fed cash cattle prices are going to do, but more than anything, today's reverse action compared to the rest of the week simply comes as an emotion knee-jerk reaction as traders themselves don't know what else to do with the contracts at this point. On Thursday, the spot October contract closed at yet another new contract high, and although the market is currently seeing an unseasonal rally in boxed beef prices, traders are anxious to see what develops this week in the fed cash cattle market.

Following the live cattle market's direction, the feeder cattle complex traded sharply lower after scoring new all-time highs in the futures complex just yesterday afternoon. Today's action could have a slightly negative effect on the sale barns having sales today, but still, prices will remain high, as the fact isn't changing anytime soon that supplies are tight.

The lean hog complex traded mixed into Friday's closing bell, as the market has again seemed to establish some footing into the futures complex, and it's helpful that pork prices are higher, too. Given that today's trade was mixed in its nature, it's likely the contracts may be able to keep their somewhat higher trend into the early part of next week.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/08/08143703/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:September corn closed down 1 3/4 cents and December corn was down 1 1/2 cents. September soybeans closed down 6 1/4 cents and November soybeans were down 6 1/4 cents. September KC wheat closed down 3 1/4 cents, September Chicago wheat was down 3 3/4 cents, September Minneapolis wheat was up 2 3/4 cents.For the week:September corn closed down 6 3/4 cents and December corn was down 5 1/4 cents. September soybeans closed down 1 3/4 cents and November soybeans were down 1 3/4 cents. September KC wheat closed down 1/2 cents, September Chicago wheat was down 2 1/4 cents and September Minneapolis wheat was up 4 1/2 cents.Markets looked poised to extend their late-week rally into the weekend early Friday, but momentum waned as the session wore on as traders are likely awaiting the USDA next week to offer clues on price direction through the remaining weeks ahead of the 2025 U.S. harvest. In outside markets for Friday, equities are heading higher to round out a back-and-forth week as investors weigh the uncertainties of this week's latest tariff developments, while preparing for next week's inflation reading. Crude oil futures also bounced off daily lows and the lowest price since early June, prior to the Israel-Iran conflict, and if values hold will narrowly avoid lower trade for each day this week.LIVESTOCK:If today's action isn't evidence of what emotional volatility can look like, then I don't know what would be. The live cattle complex fronted a magnificent rally throughout the week, only to come crashing lower on Friday. Why, you ask? Good question. One could say that traders have exhausted their efforts, someone could say that tariff chatters are taking their toll, another could highlight that traders are anxious as they've yet to see what fed cash cattle prices are going to do, but more than anything, today's reverse action compared to the rest of the week simply comes as an emotion knee-jerk reaction as traders themselves don't know what else to do with the contracts at this point. On Thursday, the spot October contract closed at yet another new contract high, and although the market is currently seeing an unseasonal rally in boxed beef prices, traders are anxious to see what develops this week in the fed cash cattle market. Following the live cattle market's direction, the feeder cattle complex traded sharply lower after scoring new all-time highs in the futures complex just yesterday afternoon. Today's action could have a slightly negative effect on the sale barns having sales today, but still, prices will remain high, as the fact isn't changing anytime soon that supplies are tight.The lean hog complex traded mixed into Friday's closing bell, as the market has again seemed to establish some footing into the futures complex, and it's helpful that pork prices are higher, too. Given that today's trade was mixed in its nature, it's likely the contracts may be able to keep their somewhat higher trend into the early part of next week.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/08/08143703/web-closing-markets.mp3">Click HERE for audio</a>

July runoff in the Missouri River Basin above Sioux City, Iowa, was two million acre-feet, 62 percent of the average. The annual runoff forecast above Sioux City is 19.2 million acre-feet, 75 percent of the average. “Above-normal precipitation occurred in much of the basin, though areas of western Montana and Wyoming continue to be very dry,” said John Remus of the U.S. Army Corps of Engineers. 

“The dry soil moisture, below-normal rainfall in the mountains, and below-normal mountain snowpack runoff have led to well below-average reservoir inflows into the Fort Peck and Garrison reaches on the river.” The U.S. Drought Monitor indicated that 53 percent of the basin was not experiencing drought conditions, an improvement of 15 percent since July 1. System storage on August 1 was down only slightly from July. The Drought Outlook indicates drought conditions are expected to persist or expand throughout the basin through the end of October. 

July runoff in the Missouri River Basin above Sioux City, Iowa, was two million acre-feet, 62 percent of the average. The annual runoff forecast above Sioux City is 19.2 million acre-feet, 75 percent of the average. “Above-normal precipitation occurred in much of the basin, though areas of western Montana and Wyoming continue to be very dry,” said John Remus of the U.S. Army Corps of Engineers. “The dry soil moisture, below-normal rainfall in the mountains, and below-normal mountain snowpack runoff have led to well below-average reservoir inflows into the Fort Peck and Garrison reaches on the river.” The U.S. Drought Monitor indicated that 53 percent of the basin was not experiencing drought conditions, an improvement of 15 percent since July 1. System storage on August 1 was down only slightly from July. The Drought Outlook indicates drought conditions are expected to persist or expand throughout the basin through the end of October. -NAFB

Missouri River runoff in July was below average

The U.S. Department of Agriculture’s National Agricultural Statistics Service recently released its 2025 Land Values Summary. The U.S. farm real estate value, a measurement of the value of all land and buildings on farms, averaged $4,350 per acre for 2025, up $180 per acre, or 4.3 percent, from 2024. California was the most expensive in the country, with farmland real estate valued at $13,700 per acre, up 2.2 percent from the previous year. 

The U.S. cropland value averaged $5,830 per acre, an increase of $260 per acre, or 4.7 percent, from the prior year. It’s up significantly from 2011, when the average cropland value was $2,980. California’s cropland value was $17,940, up 3.6 percent from the previous year, while Iowa’s cropland averaged $10,300 an acre, up 5.1 percent from 2024. The United States pasture value averaged $1,920 per acre, an increase of $90 per acre, or 4.9 percent, from 2024. 

The U.S. Department of Agriculture’s National Agricultural Statistics Service recently released its 2025 Land Values Summary. The U.S. farm real estate value, a measurement of the value of all land and buildings on farms, averaged $4,350 per acre for 2025, up $180 per acre, or 4.3 percent, from 2024. California was the most expensive in the country, with farmland real estate valued at $13,700 per acre, up 2.2 percent from the previous year. The U.S. cropland value averaged $5,830 per acre, an increase of $260 per acre, or 4.7 percent, from the prior year. It’s up significantly from 2011, when the average cropland value was $2,980. California’s cropland value was $17,940, up 3.6 percent from the previous year, while Iowa’s cropland averaged $10,300 an acre, up 5.1 percent from 2024. The United States pasture value averaged $1,920 per acre, an increase of $90 per acre, or 4.9 percent, from 2024. -NAFB

Farm real estate values top $4,000 per acre

September corn closed up 4 3/4 cents and December corn was up 5 3/4 cents. September soybeans closed up 8 1/2 cents and November soybeans were up 9 1/4 cents. September KC wheat closed up 10 cents, September Chicago wheat was up 9 3/4 cents, September Minneapolis wheat was up 7 cents.

Ag markets were able to build off the late-session momentum seen Wednesday to trade higher Thursday in what was a widespread recovery session from a very bearish start to the week. Time will have to tell whether this is the start of a sustained bottoming attempt or simply another quick round of short-covering; but historical seasonality would suggest August or September is typically where corn and soy markets tend to look for a bottom. Traders will look to USDA to add to the recent yield forecast debate next Tuesday. In outside markets, crude oil futures are quickly back trading among the lowest prices seen since late June after five consecutive sessions lower, heading for a sixth on Thursday. Equities began Thursday higher before turning sharply lower by late morning as investors express uncertainty as the latest round of reciprocal tariffs officially go into effect Thursday following months of deals and deadline extensions.

With the unseasonal rally in boxed beef prices, the live cattle complex continues to challenge the market's resistance threshold, which also happens to be its all-time market high, as the cattle complex's strong fundamental footing of limited supplies amid unfathomable demand continues to lend support beyond anyone's wildest belief. It will be especially interesting to see what develops this week in the fed cash cattle market as though packers were able to buy some supply last week and commit those cattle to the nearby delivery option, they still need to stay engaged enough in the market to avoid being short bought in the weeks ahead and feedlot managers haven't been easy for packers to deal with in recent weeks either. Asking prices are firm in the South at $238 to $240, but are still not established in the North.

The feeder cattle complex again pushed into the closing bell fully and significantly higher. The slight pullback in the August contract likely has more to do with the fact that traders are moving their positions from the August contract into the currently most actively traded September contract, and not because of any fundamental rhyme or reason, as demand is just robust in the countryside; there's no other way to describe it.

One would think that on a day when midday pork cutout values are up over $4.00, the lean hog market would be rejoicing. With traders battling resistance pressure and with the morning's export sales report weaker, the market traded lower into the closing bell on Thursday. More than anything, it seems as though the market's resistance pressure is affecting traders most. Although they thought they had enough support to drive the complex higher earlier this week, the market's fundamentals haven't been as collectively supportive as initially hoped for.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/08/07143716/web-closing-markets.mp3">Click HERE for Audio</a>

By: NATHAN STUEDLEGRAINS:September corn closed up 4 3/4 cents and December corn was up 5 3/4 cents. September soybeans closed up 8 1/2 cents and November soybeans were up 9 1/4 cents. September KC wheat closed up 10 cents, September Chicago wheat was up 9 3/4 cents, September Minneapolis wheat was up 7 cents.Ag markets were able to build off the late-session momentum seen Wednesday to trade higher Thursday in what was a widespread recovery session from a very bearish start to the week. Time will have to tell whether this is the start of a sustained bottoming attempt or simply another quick round of short-covering; but historical seasonality would suggest August or September is typically where corn and soy markets tend to look for a bottom. Traders will look to USDA to add to the recent yield forecast debate next Tuesday. In outside markets, crude oil futures are quickly back trading among the lowest prices seen since late June after five consecutive sessions lower, heading for a sixth on Thursday. Equities began Thursday higher before turning sharply lower by late morning as investors express uncertainty as the latest round of reciprocal tariffs officially go into effect Thursday following months of deals and deadline extensions.LIVESTOCK:With the unseasonal rally in boxed beef prices, the live cattle complex continues to challenge the market's resistance threshold, which also happens to be its all-time market high, as the cattle complex's strong fundamental footing of limited supplies amid unfathomable demand continues to lend support beyond anyone's wildest belief. It will be especially interesting to see what develops this week in the fed cash cattle market as though packers were able to buy some supply last week and commit those cattle to the nearby delivery option, they still need to stay engaged enough in the market to avoid being short bought in the weeks ahead and feedlot managers haven't been easy for packers to deal with in recent weeks either. Asking prices are firm in the South at $238 to $240, but are still not established in the North. The feeder cattle complex again pushed into the closing bell fully and significantly higher. The slight pullback in the August contract likely has more to do with the fact that traders are moving their positions from the August contract into the currently most actively traded September contract, and not because of any fundamental rhyme or reason, as demand is just robust in the countryside; there's no other way to describe it. One would think that on a day when midday pork cutout values are up over $4.00, the lean hog market would be rejoicing. With traders battling resistance pressure and with the morning's export sales report weaker, the market traded lower into the closing bell on Thursday. More than anything, it seems as though the market's resistance pressure is affecting traders most. Although they thought they had enough support to drive the complex higher earlier this week, the market's fundamentals haven't been as collectively supportive as initially hoped for.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/08/07143716/web-closing-markets.mp3">Click HERE for Audio</a>

AccuWeather long-range experts say the transition to autumn will bring cooler air and sweater weather to millions of Americans. Others will be dealing with lingering summer heat, tropical storms, hurricanes, wildfires, or a smoky haze obscuring the sky. “Areas in the middle of the country, including Kansas to Wisconsin, will experience very pleasant and calm stretches of fall weather that will be perfect for fairs, festivals, and outdoor events like harvest,” said Long Range Expert Paul Pastelok. 

AccuWeather long-range experts say the transition to autumn will bring cooler air and sweater weather to millions of Americans. Others will be dealing with lingering summer heat, tropical storms, hurricanes, wildfires, or a smoky haze obscuring the sky. “Areas in the middle of the country, including Kansas to Wisconsin, will experience very pleasant and calm stretches of fall weather that will be perfect for fairs, festivals, and outdoor events like harvest,” said Long Range Expert Paul Pastelok.

Some predictions says fall may bring warmth and fuel wildfires

Uncertainty surrounding U.S. biofuel policy and continued trade tensions pushed second-quarter profits to multi-year lows for multiple crop trading companies, including ADM and Bunge. Ag equipment manufacturers also warned customers that increasing trade tensions will cause increased equipment prices in the second half of 2025. Reports show ADM posted its lowest second-quarter profit in five years as trade challenges and uncertain biofuel policies slowed sales and hurt trading and crop processing margins. 

The company said that full-year 2025 adjusted earnings could drop to around $4 a share, the lowest since 2020. ADM, Bunge, and Cargill have reported eroding profits in recent quarters because of ample crop supplies and thinning margins. One report showed adjusted earnings of $1.31 per share for the three months ending in June, the lowest point since 2018. AGCO Corporation and CNH Industrial also say customers will soon feel the impact of tariffs due to higher prices.

Uncertainty surrounding U.S. biofuel policy and continued trade tensions pushed second-quarter profits to multi-year lows for multiple crop trading companies, including ADM and Bunge. Ag equipment manufacturers also warned customers that increasing trade tensions will cause increased equipment prices in the second half of 2025. Reports show ADM posted its lowest second-quarter profit in five years as trade challenges and uncertain biofuel policies slowed sales and hurt trading and crop processing margins. The company said that full-year 2025 adjusted earnings could drop to around $4 a share, the lowest since 2020. ADM, Bunge, and Cargill have reported eroding profits in recent quarters because of ample crop supplies and thinning margins. One report showed adjusted earnings of $1.31 per share for the three months ending in June, the lowest point since 2018. AGCO Corporation and CNH Industrial also say customers will soon feel the impact of tariffs due to higher prices.-NAFB

Uncertainty hits agribusiness profits

Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/08/06143944/web-closing-markets.mp3">HERE</a> to listen to the Wednesday closing markets.

September corn closed down 1 3/4 cents and December corn was down 3/4 cents. September soybeans closed down 6 cents and November soybeans were down 6 1/4 cents. September KC wheat closed up 7 cents, September Chicago wheat was up 1/4 cents, September MIAX Minneapolis wheat was down 1 1/2 cents.

The U.S. Dollar Index is down 0.59 at 98.19. The Dow Jones Industrial Average is up 130.0 points at 44,366.0. December gold is down $2.10 at $3,432.60, September silver is up $0.11 at $37.94 and September copper is up $0.0255. September crude oil is down $0.87 at $64.29, September ultra-low sulfur diesel is up $0.0075, September RBOB gasoline is down $0.0025 and September natural gas is up $0.073.

September corn futures dropped another 1 3/4 cents on Wednesday, closing at $3.79 3/4. December futures were also down 3/4 cents to $4.01 1/4. December futures bears appeared to be making easy work of the $4.00 mark early Wednesday, before late-session bargain buyers stepped in to send prices back above the key level at least for now. For reference, the December 2024 board traded to a low price of $3.85 last August before reversing on late-season dryness, which ultimately trimmed the top end off U.S. yields as well. Seasonally speaking, August and September is a period where markets tend to look for a low.

Wednesday's EIA Petroleum Status report showed ethanol production in the U.S. averaged 1.081 million barrels per day last week, a decline of 15,000 barrels per day from the prior week's average. Last Friday, USDA reported the June monthly corn grind for ethanol in the U.S. totaled just under 448 million bushels (mb), lower than I had anticipated. Corn usage for ethanol through the marketing season has steadily lost its lead over 2023-24 after a very hot start last fall and is now just a 0.2% lead over last year, with USDA forecasting a 0.4% year-over-year increase. July and August are always wild cards for ethanol production, but at this rate, it seems unlikely that the U.S. will hit the USDA goal of 5.5 billion bushels in 2024-25. In positive news, ethanol margins remain steady with this week's USDA coproducts report showing that a bushel of corn produces $6.64 worth of products value in the Eastern Corn Belt. Ethanol exports are also strong, with June exports setting a monthly record at 173.7 million gallons. Ethanol exports to date are up 10%.

Traders will likely begin to look ahead to next week's WASDE report, where an increase in the corn yield estimate seems likely given the growing conditions thus far. That being said, I don't expect as bearish a forecast as compared to some of the private estimates being released in recent days, as USDA tends to slow play these developments, especially ahead of harvest. Perhaps this will serve as an opportunity for traders and algorithms to reset and offer some support to sinking prices. The aspect of next week's report that does keep me somewhat nervous is what USDA will find for old crop stocks, with the old crop price and spread action through summer certainly pointing to more corn relative to demand than has been estimated in this year's WASDE reports thus far.

The DTN National Corn Index finished Tuesday at $3.65. Wednesday's futures close and implied corn basis of 16 cents under the September board would indicate the Index on Wednesday afternoon to be near $3.63.

September soybeans fell 6 cents on Wednesday to $9.65 1/2. November soybeans were down 6 1/4 cents to $9.84 1/2. An early attempt higher in the soybean market was again met with fierce selling, dropping prices closer to the bearish objective of the early April low in the mid $9.70s for the November board.

Early strength in the soybean market can likely be attributed to ongoing rumors that the U.S. and China are closing in on an agreement, although traders may be losing some faith in these assertions as the weeks keep coming and going with no confirmed soybean business with China for the new crop season. Soybean oil futures were also able to trade higher on Wednesday, primarily on wider energy market strength at mid-week. Late session selling can most likely be tied to early yield forecasts from private firms, all of which are coming in above USDA's official record 52.5 bpa forecast.

The next few weeks of weather will be important for the soybean crop. Temperatures are slated to be above average across the majority of key growing regions, while rainfall chances are certainly present but may be scattered in some regions. The good news is that soil moisture levels through the wet July should be adequate to allow crops to sustain through a period of dryness if it comes to that.

The DTN National Soybean Index finished Tuesday at $9.34. Wednesday's futures close and implied soybean basis of 57 cents under the November board would indicate the Index on Wednesday afternoon to be near $9.28.

September Kansas City futures closed up 7 cents to $5.11 1/2 on Wednesday. Chicago futures were quiet, trading 1/4 cents higher on September futures. While MIAX Minneapolis spring wheat futures continued to struggle to find upward momentum, with the September contract down 1 1/2 cents in a quiet, narrow session. September KC futures were able to rebound from ugly price action on Tuesday, which set the lowest close for the most active hard red contract in just under five years. The short-term bullish target would be a pullback towards the 20-day moving average near $5.22 3/4.

In world wheat news, harvest is progressing in Russia with mixed results. The weekly International Grains Council (IGC) write-up noted improved yield prospects as harvest moves to the central regions, but also the potential for quality issues, namely low test weight. Private group SovEcon lowered its production forecast to 83.3 million metric tons (mmt), just a touch below the USDA July estimate of 83.5 mmt. Overall, traders in the marketplace are viewing a steady Russian crop, improved EU crop and good early prospects for both Argentine and Australian crops due later in 2025 as reasons for little concern regarding wheat availability. In good news, U.S. wheat offers remain competitive, with IGC noting hard red Gulf offers last week at $228 per ton, lower than most competing offers in their weekly rundown.

The DTN National HRW Index finished Tuesday at $4.52, while the DTN National HRS Index was at $5.27. Wednesday's futures close an implied basis of 53 cents under the September board for HRW, and 43 cents under the September board for HRS, would indicate the indices for Wednesday afternoon to be near $4.59 and $5.25, respectively.

By MATT PIKEClick <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/08/06143944/web-closing-markets.mp3">HERE</a> to listen to the Wednesday closing markets.GENERAL COMMENTS:September corn closed down 1 3/4 cents and December corn was down 3/4 cents. September soybeans closed down 6 cents and November soybeans were down 6 1/4 cents. September KC wheat closed up 7 cents, September Chicago wheat was up 1/4 cents, September MIAX Minneapolis wheat was down 1 1/2 cents.The U.S. Dollar Index is down 0.59 at 98.19. The Dow Jones Industrial Average is up 130.0 points at 44,366.0. December gold is down $2.10 at $3,432.60, September silver is up $0.11 at $37.94 and September copper is up $0.0255. September crude oil is down $0.87 at $64.29, September ultra-low sulfur diesel is up $0.0075, September RBOB gasoline is down $0.0025 and September natural gas is up $0.073.CORN:September corn futures dropped another 1 3/4 cents on Wednesday, closing at $3.79 3/4. December futures were also down 3/4 cents to $4.01 1/4. December futures bears appeared to be making easy work of the $4.00 mark early Wednesday, before late-session bargain buyers stepped in to send prices back above the key level at least for now. For reference, the December 2024 board traded to a low price of $3.85 last August before reversing on late-season dryness, which ultimately trimmed the top end off U.S. yields as well. Seasonally speaking, August and September is a period where markets tend to look for a low.Wednesday's EIA Petroleum Status report showed ethanol production in the U.S. averaged 1.081 million barrels per day last week, a decline of 15,000 barrels per day from the prior week's average. Last Friday, USDA reported the June monthly corn grind for ethanol in the U.S. totaled just under 448 million bushels (mb), lower than I had anticipated. Corn usage for ethanol through the marketing season has steadily lost its lead over 2023-24 after a very hot start last fall and is now just a 0.2% lead over last year, with USDA forecasting a 0.4% year-over-year increase. July and August are always wild cards for ethanol production, but at this rate, it seems unlikely that the U.S. will hit the USDA goal of 5.5 billion bushels in 2024-25. In positive news, ethanol margins remain steady with this week's USDA coproducts report showing that a bushel of corn produces $6.64 worth of products value in the Eastern Corn Belt. Ethanol exports are also strong, with June exports setting a monthly record at 173.7 million gallons. Ethanol exports to date are up 10%.Traders will likely begin to look ahead to next week's WASDE report, where an increase in the corn yield estimate seems likely given the growing conditions thus far. That being said, I don't expect as bearish a forecast as compared to some of the private estimates being released in recent days, as USDA tends to slow play these developments, especially ahead of harvest. Perhaps this will serve as an opportunity for traders and algorithms to reset and offer some support to sinking prices. The aspect of next week's report that does keep me somewhat nervous is what USDA will find for old crop stocks, with the old crop price and spread action through summer certainly pointing to more corn relative to demand than has been estimated in this year's WASDE reports thus far.The DTN National Corn Index finished Tuesday at $3.65. Wednesday's futures close and implied corn basis of 16 cents under the September board would indicate the Index on Wednesday afternoon to be near $3.63.SOYBEANS:September soybeans fell 6 cents on Wednesday to $9.65 1/2. November soybeans were down 6 1/4 cents to $9.84 1/2. An early attempt higher in the soybean market was again met with fierce selling, dropping prices closer to the bearish objective of the early April low in the mid $9.70s for the November board.Early strength in the soybean market can likely be attributed to ongoing rumors that the U.S. and China are closing in on an agreement, although traders may be losing some faith in these assertions as the weeks keep coming and going with no confirmed soybean business with China for the new crop season. Soybean oil futures were also able to trade higher on Wednesday, primarily on wider energy market strength at mid-week. Late session selling can most likely be tied to early yield forecasts from private firms, all of which are coming in above USDA's official record 52.5 bpa forecast.The next few weeks of weather will be important for the soybean crop. Temperatures are slated to be above average across the majority of key growing regions, while rainfall chances are certainly present but may be scattered in some regions. The good news is that soil moisture levels through the wet July should be adequate to allow crops to sustain through a period of dryness if it comes to that.The DTN National Soybean Index finished Tuesday at $9.34. Wednesday's futures close and implied soybean basis of 57 cents under the November board would indicate the Index on Wednesday afternoon to be near $9.28.WHEAT:September Kansas City futures closed up 7 cents to $5.11 1/2 on Wednesday. Chicago futures were quiet, trading 1/4 cents higher on September futures. While MIAX Minneapolis spring wheat futures continued to struggle to find upward momentum, with the September contract down 1 1/2 cents in a quiet, narrow session. September KC futures were able to rebound from ugly price action on Tuesday, which set the lowest close for the most active hard red contract in just under five years. The short-term bullish target would be a pullback towards the 20-day moving average near $5.22 3/4.In world wheat news, harvest is progressing in Russia with mixed results. The weekly International Grains Council (IGC) write-up noted improved yield prospects as harvest moves to the central regions, but also the potential for quality issues, namely low test weight. Private group SovEcon lowered its production forecast to 83.3 million metric tons (mmt), just a touch below the USDA July estimate of 83.5 mmt. Overall, traders in the marketplace are viewing a steady Russian crop, improved EU crop and good early prospects for both Argentine and Australian crops due later in 2025 as reasons for little concern regarding wheat availability. In good news, U.S. wheat offers remain competitive, with IGC noting hard red Gulf offers last week at $228 per ton, lower than most competing offers in their weekly rundown.The DTN National HRW Index finished Tuesday at $4.52, while the DTN National HRS Index was at $5.27. Wednesday's futures close an implied basis of 53 cents under the September board for HRW, and 43 cents under the September board for HRS, would indicate the indices for Wednesday afternoon to be near $4.59 and $5.25, respectively.

More than 1,600 Hormel workers have filed a class action lawsuit alleging that the meat processor violated Minnesota’s earned sick and safe time law for 14 months by forcing workers to use vacation time if they called in sick. Tim Louris, the attorney representing the workers at the Austin, Minnesota, plant, said Hormel refused to give most of the production, maintenance, and quality control employees additional paid leave when the sick and safe time law took effect last year. 

The sick and safe time law requires employers to provide one hour of paid leave for every 30 hours worked – up to six days a year for a full-time employee. The workers’ union, challenged Hormel, and a labor arbitrator ruled earlier this year that the company couldn’t use paid vacation to comply with the state’s law. Hormel said in a statement that it will not comment on pending litigation. 

More than 1,600 Hormel workers have filed a class action lawsuit alleging that the meat processor violated Minnesota’s earned sick and safe time law for 14 months by forcing workers to use vacation time if they called in sick. Tim Louris, the attorney representing the workers at the Austin, Minnesota, plant, said Hormel refused to give most of the production, maintenance, and quality control employees additional paid leave when the sick and safe time law took effect last year. The sick and safe time law requires employers to provide one hour of paid leave for every 30 hours worked – up to six days a year for a full-time employee. The workers’ union, challenged Hormel, and a labor arbitrator ruled earlier this year that the company couldn’t use paid vacation to comply with the state’s law. Hormel said in a statement that it will not comment on pending litigation. -NAFB

Workers sue Hormel Foods over sick leave

The Purdue University/CME Group Ag Economy Barometer declined in July as farmer sentiment continued to weaken. The barometer fell 11 points from June to register at 135 in July, a reading that came from U.S. farmers’ weaker perceptions of both current conditions and future expectations. The July Current Conditions Index dropped 17 points from the previous month to 127.  The Future Expectations Index posted a smaller drop of seven points to 139. 

Driving the weaker income prospects for 2025 were farmers’ assessments of current conditions. Despite lower scores on the three principal farmer sentiment indexes, sentiment still remains notably higher than at the same time a year ago. Almost three-fourths of the July survey respondents reported that U.S. policy is headed in the right direction. The Farm Financial Performance Index reflected concerns about weak income prospects for 2025, falling 14 points from June to 90. The Farmland Value Expectations Index was also lower. 

The Purdue University/CME Group Ag Economy Barometer declined in July as farmer sentiment continued to weaken. The barometer fell 11 points from June to register at 135 in July, a reading that came from U.S. farmers’ weaker perceptions of both current conditions and future expectations. The July Current Conditions Index dropped 17 points from the previous month to 127. The Future Expectations Index posted a smaller drop of seven points to 139. Driving the weaker income prospects for 2025 were farmers’ assessments of current conditions. Despite lower scores on the three principal farmer sentiment indexes, sentiment still remains notably higher than at the same time a year ago. Almost three-fourths of the July survey respondents reported that U.S. policy is headed in the right direction. The Farm Financial Performance Index reflected concerns about weak income prospects for 2025, falling 14 points from June to 90. The Farmland Value Expectations Index was also lower. -NAFB

Farmer sentiment grows weaker

September corn closed down 5 1/2 cents and December corn was down 5 cents. September soybeans closed down 3 3/4 cents and November soybeans were down 3 3/4 cents. September KC wheat closed down 12 1/2 cents, September Chicago wheat was down 8 1/2 cents, September Minneapolis wheat was down 2 3/4 cents.

What bullish spark there was in the soybean market early Tuesday was quick to fade by midmorning as prices turned lower amid bearish influence from surrounding ag markets. Corn futures fell once again to new lows as there is just little bullish news to be found to break traders' focus on recent unveiling of a number of private yield estimates which are all coming in well above the USDA trendline forecast. For wheat markets, a fresh burst of harvest pressure sank winter wheat varieties Tuesday, as traders see little reason for concern regarding available wheat supplies in the immediate future. Outside markets for Tuesday also leaned negatively on ag interests, with crude oil markets still feeling the weight of heightened production from OPEC+. Meanwhile equities turned lower as well by midmorning, caught between growth prospects from an assumed impending interest rate cut in the next FOMC meeting in September and lingering uncertainty regarding the next step in the tariff/trade war.

The live cattle complex was off to a sporty rally throughout the day, as traders seem to be more confident in the market's fundamental footing than they were on Monday. There are a few asking prices now noted in the South at $238 to $240, but the North continues to remain quiet. It's unlikely that any cash cattle trade will develop until Thursday or Friday. The market still has some upward room to trade as the resistance plane sits at $230.

The feeder cattle complex had an aggressive rally for the day as all of the contracts traded $5.00 and more higher for the bulk of the session. More than anything, it seems as though traders have shaken the jitters they possessed on Monday and are now back to believing in the market's robust fundamental position. Feeder cattle demand in the countryside hasn't wavered whatsoever, and doesn't seem to care what the board is doing, as buyers know that supplies are thin and that that isn't going to change any time soon.

The lean hog complex continued to trade higher into Tuesday's closing bell as traders have found enough support in the marketplace to blow past the market's previous resistance at $91.00. It's difficult to say where traders are getting this extra momentum from, as we can't see what pork demand is doing because of packers' failure to submit data this morning, but the slight improvement in the cash market is surely helping.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/08/05142825/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:September corn closed down 5 1/2 cents and December corn was down 5 cents. September soybeans closed down 3 3/4 cents and November soybeans were down 3 3/4 cents. September KC wheat closed down 12 1/2 cents, September Chicago wheat was down 8 1/2 cents, September Minneapolis wheat was down 2 3/4 cents.What bullish spark there was in the soybean market early Tuesday was quick to fade by midmorning as prices turned lower amid bearish influence from surrounding ag markets. Corn futures fell once again to new lows as there is just little bullish news to be found to break traders' focus on recent unveiling of a number of private yield estimates which are all coming in well above the USDA trendline forecast. For wheat markets, a fresh burst of harvest pressure sank winter wheat varieties Tuesday, as traders see little reason for concern regarding available wheat supplies in the immediate future. Outside markets for Tuesday also leaned negatively on ag interests, with crude oil markets still feeling the weight of heightened production from OPEC+. Meanwhile equities turned lower as well by midmorning, caught between growth prospects from an assumed impending interest rate cut in the next FOMC meeting in September and lingering uncertainty regarding the next step in the tariff/trade war.LIVESTOCK:The live cattle complex was off to a sporty rally throughout the day, as traders seem to be more confident in the market's fundamental footing than they were on Monday. There are a few asking prices now noted in the South at $238 to $240, but the North continues to remain quiet. It's unlikely that any cash cattle trade will develop until Thursday or Friday. The market still has some upward room to trade as the resistance plane sits at $230.The feeder cattle complex had an aggressive rally for the day as all of the contracts traded $5.00 and more higher for the bulk of the session. More than anything, it seems as though traders have shaken the jitters they possessed on Monday and are now back to believing in the market's robust fundamental position. Feeder cattle demand in the countryside hasn't wavered whatsoever, and doesn't seem to care what the board is doing, as buyers know that supplies are thin and that that isn't going to change any time soon.The lean hog complex continued to trade higher into Tuesday's closing bell as traders have found enough support in the marketplace to blow past the market's previous resistance at $91.00. It's difficult to say where traders are getting this extra momentum from, as we can't see what pork demand is doing because of packers' failure to submit data this morning, but the slight improvement in the cash market is surely helping.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/08/05142825/web-closing-markets.mp3">Click HERE for audio</a>

Farm real estate prices rose year-over-year nationally, as every state saw gains in land values, according to an annual report from the Ag Department. The value of land and buildings on farms rose 4.3% this year, to $4,350, the agency said after a survey of more than 28,000 operations conducted April–June. Cropland costs increased 4.7%, to $5,830 an acre, and pasture value rose 4.9%, to $1,920 an acre. 

Iowa ag land was valued at $9,790 an acre, up 3.9% on an annual basis, and Illinois saw gains of 2.6%, to $8,930 an acre. In Missouri, farmland values remain relatively stable overall, averaging $8,596 per acre, only slightly higher from the previous year. Nebraska land values rose to $4,250 an acre versus $4,080 a year earlier. Kansas ag real estate increased 4.4%, to $3,100 an acre, on average.&nbsp;Iowa and Illinois are the biggest producers of corn and soybeans in the U.S.

Farm real estate prices rose year-over-year nationally, as every state saw gains in land values, according to an annual report from the Ag Department. The value of land and buildings on farms rose 4.3% this year, to $4,350, the agency said after a survey of more than 28,000 operations conducted April–June. Cropland costs increased 4.7%, to $5,830 an acre, and pasture value rose 4.9%, to $1,920 an acre. Iowa ag land was valued at $9,790 an acre, up 3.9% on an annual basis, and Illinois saw gains of 2.6%, to $8,930 an acre. In Missouri, farmland values remain relatively stable overall, averaging $8,596 per acre, only slightly higher from the previous year. Nebraska land values rose to $4,250 an acre versus $4,080 a year earlier. Kansas ag real estate increased 4.4%, to $3,100 an acre, on average.&nbsp;Iowa and Illinois are the biggest producers of corn and soybeans in the U.S.-NAFB

Farm real estate prices up year-over-year

While biological and chemical threats to corn yields are well understood, a more technological conflict has been center: farm equipment repair availability. In what seems to be a direct response to antitrust allegations in the ongoing FTC v. John Deere right-to-repair lawsuit, the equipment giant has unveiled a revamped digital service platform aimed at giving equipment owners greater control over the maintenance, diagnostics, and repair of their machinery. 

The new tool, Operations Center PRO Service, is now accessible through the John Deere Operations Center app for equipment owners in the U.S. and Canada. It is designed to allow equipment owners to access repair diagnostics and service data. Available via annual subscription starting at $195 per machine. Deere says development of the tool supports customer self-repair.

While biological and chemical threats to corn yields are well understood, a more technological conflict has been center: farm equipment repair availability. In what seems to be a direct response to antitrust allegations in the ongoing FTC v. John Deere right-to-repair lawsuit, the equipment giant has unveiled a revamped digital service platform aimed at giving equipment owners greater control over the maintenance, diagnostics, and repair of their machinery. The new tool, Operations Center PRO Service, is now accessible through the John Deere Operations Center app for equipment owners in the U.S. and Canada. It is designed to allow equipment owners to access repair diagnostics and service data. Available via annual subscription starting at $195 per machine. Deere says development of the tool supports customer self-repair.-NAFB

Repair rights at crossroads as Deere launches diagnostics tool 

September corn closed down 2 1/2 cents and December corn was down 3 3/4 cents. September soybeans closed up 5 3/4 cents and November soybeans were up 5 1/4 cents. September KC wheat closed down 1 3/4 cents, September Chicago wheat was unchanged, September Minneapolis wheat was up 3/4 cents.

Row-crop futures were quiet but mostly positive for the session Monday, except corn futures, which fell from early gains ahead of anticipated steady to higher crop ratings from the USDA later Monday afternoon. Corn and soybean markets in general find themselves in a similar situation compared to this point last year, with large yield ideas driving prices lower. Traders this time around will again have to decide whether to continue the selloff or display heightened caution this year following last year's yield falloff through fall. Outside markets were mixed with equities surging in a correction of Friday's bearish action, while energy markets continue to plummet from last week's monthly highs amid renewed tariff uncertainty specifically as it pertains to Russia and their oil partners, as well as an additional OPEC+ production increase for September announced on Sunday.

The live cattle complex is trading mixed as traders continue to believe in and see the robust support of the cattle market's fundamental position, but at the same time, traders also are aware of the elevated position of the futures complex and don't want to welcome any more unwanted volatility into the marketplace. After gapping higher at the open then faltering midday, the contracts ultimately finished softly higher.

Originally, the feeder cattle complex was traded higher, but as the day has progressed, traders seemed less confident, which consequently had the feeder cattle complex trading lower the second half of the day right until the closing bell when they rallied and finished modestly higher, just like the fat cattle. The spot September contract is less than $10.00 away from its resistance threshold, which is slightly limiting to traders, as they aren't certain whether they possess enough support to challenge that threshold.

The lean hog complex continued to grind higher as traders are pleased with the continued note of stronger pork demand and are appearing willing to challenge the market's nearby resistance threshold at $91.00 in the spot October contract. It will remain imperative that demand is undoubtedly supportive if traders are to be able to continue this rally, because without fundamental support, the market won't likely be able to trade much higher.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/08/04145304/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:September corn closed down 2 1/2 cents and December corn was down 3 3/4 cents. September soybeans closed up 5 3/4 cents and November soybeans were up 5 1/4 cents. September KC wheat closed down 1 3/4 cents, September Chicago wheat was unchanged, September Minneapolis wheat was up 3/4 cents.Row-crop futures were quiet but mostly positive for the session Monday, except corn futures, which fell from early gains ahead of anticipated steady to higher crop ratings from the USDA later Monday afternoon. Corn and soybean markets in general find themselves in a similar situation compared to this point last year, with large yield ideas driving prices lower. Traders this time around will again have to decide whether to continue the selloff or display heightened caution this year following last year's yield falloff through fall. Outside markets were mixed with equities surging in a correction of Friday's bearish action, while energy markets continue to plummet from last week's monthly highs amid renewed tariff uncertainty specifically as it pertains to Russia and their oil partners, as well as an additional OPEC+ production increase for September announced on Sunday.LIVESTOCK:The live cattle complex is trading mixed as traders continue to believe in and see the robust support of the cattle market's fundamental position, but at the same time, traders also are aware of the elevated position of the futures complex and don't want to welcome any more unwanted volatility into the marketplace. After gapping higher at the open then faltering midday, the contracts ultimately finished softly higher.Originally, the feeder cattle complex was traded higher, but as the day has progressed, traders seemed less confident, which consequently had the feeder cattle complex trading lower the second half of the day right until the closing bell when they rallied and finished modestly higher, just like the fat cattle. The spot September contract is less than $10.00 away from its resistance threshold, which is slightly limiting to traders, as they aren't certain whether they possess enough support to challenge that threshold.The lean hog complex continued to grind higher as traders are pleased with the continued note of stronger pork demand and are appearing willing to challenge the market's nearby resistance threshold at $91.00 in the spot October contract. It will remain imperative that demand is undoubtedly supportive if traders are to be able to continue this rally, because without fundamental support, the market won't likely be able to trade much higher.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/08/04145304/web-closing-markets.mp3">Click HERE for audio</a>

For the first time in more than two decades, Australia will accept shipments of fresh and frozen U.S. beef. Kent Bacus, executive director of government affairs with the National Cattlemen’s Beef Association, says this is a huge win. “There’s been really no scientific justification to keep us out," and “This is just a lot of protection and these regulatory burdens we’ve had to overcome.” Bacus says Australia isn’t likely to be a huge export market for U.S. beef, but it’s really about opportunities in other countries."

“The fact is we are going to continue to be very competitive against the Australians in those markets.” While the U.S. hasn’t exported beef to Australia since the trade agreement between the two countries was implemented in 2005, Australia has sold more than $28.7 billion worth of its beef to the U.S.

For the first time in more than two decades, Australia will accept shipments of fresh and frozen U.S. beef. Kent Bacus, executive director of government affairs with the National Cattlemen’s Beef Association, says this is a huge win. “There’s been really no scientific justification to keep us out," and “This is just a lot of protection and these regulatory burdens we’ve had to overcome.” Bacus says Australia isn’t likely to be a huge export market for U.S. beef, but it’s really about opportunities in other countries."“The fact is we are going to continue to be very competitive against the Australians in those markets.” While the U.S. hasn’t exported beef to Australia since the trade agreement between the two countries was implemented in 2005, Australia has sold more than $28.7 billion worth of its beef to the U.S.-NAFB

Australia reopening its market to U.S. beef 

The U.S. Department of Agriculture announced loan interest rates for August 2025, those rates were effective Aug. 1st. Farm Service Agency (FSA) loans provide important access to capital to help agricultural producers start or expand their farming operation, purchase equipment and storage structures or meet cash flow needs. FSA offers farm ownership, operating and emergency loans with favorable interest rates and terms to help eligible agricultural producers obtain financing needed to start, expand or maintain a family agricultural operation.

FSA also offers guaranteed loans through commercial lenders at rates set by those lenders.  Additionally, FSA provides low-interest financing to producers to build or upgrade on-farm storage facilities and purchase handling equipment and loans that provide interim financing to help producers meet cash flow needs without having to sell their commodities when market prices are low. To access an interactive online, step-by-step guide through the loan process, visit the Loan Assistance Tool at <a href="https://www.farmers.gov/loans">farmers.gov</a>.

The U.S. Department of Agriculture announced loan interest rates for August 2025, those rates were effective Aug. 1st. Farm Service Agency (FSA) loans provide important access to capital to help agricultural producers start or expand their farming operation, purchase equipment and storage structures or meet cash flow needs. FSA offers farm ownership, operating and emergency loans with favorable interest rates and terms to help eligible agricultural producers obtain financing needed to start, expand or maintain a family agricultural operation. FSA also offers guaranteed loans through commercial lenders at rates set by those lenders.  Additionally, FSA provides low-interest financing to producers to build or upgrade on-farm storage facilities and purchase handling equipment and loans that provide interim financing to help producers meet cash flow needs without having to sell their commodities when market prices are low. To access an interactive online, step-by-step guide through the loan process, visit the Loan Assistance Tool at <a href="https://www.farmers.gov/loans">farmers.gov</a>.-NAFB

USDA announces August 2025 lending rates for producers

September corn closed down 4 1/2 cents and December corn was down 3 cents. September soybeans closed unchanged, and November soybeans were unchanged. September KC wheat closed down 7 1/2 cents, September Chicago wheat was down 6 1/2 cents, September Minneapolis wheat was down 5 1/2 cents.

September corn closed down 10 cents and December corn was down 8 1/4 cents. September soybeans closed down 32 1/2 cents and November soybeans were down 31 3/4 cents. September KC wheat closed down 7 3/4 cents, September Chicago wheat was down 21 1/2 cents and September Minneapolis wheat was down 12 1/2 cents.

Ag markets were mixed to close the week in a quiet session in which macroeconomic news was in the spotlight. The Aug. 1 deadline for tariffs arrived at midnight Friday morning, with the Trump administration announcing a 7-day grace period before newly announced sweeping tariffs will take effect. Adding to investor worries on Friday was a surprisingly shaky July jobs report which showed a slowdown in job creation through early summer. The thus-far resilient labor market in 2025 has been a key pillar which the Fed has pointed to in its decisions to hold rates steady, with the market now widely expecting a series of cuts later this fall. As for ag markets, the direct effects of Friday's tariff announcements remain relatively unknown, as many key trading partners had previously struck deals with the Trump administration, while top partners Canada and Mexico will still get exemptions for goods under USMCA. The initial weakness for Friday stemmed heavily from the energy sector, where a sharp moves lower in crude oil futures as well as RBOB gasoline and diesel were felt in ag markets such as soybean oil and corn.

Following Thursday's technical turbulence, the live cattle complex got back to trading higher as traders were pleased to see the fed cash cattle market trading higher. A light trade has been reported in Kansas at $236, which is $1.00 higher than Thursday's trade and $3.00 higher than last week's weighted average. A few deals have also been reported in Texas at $235, which is fully steady with Thursday's trade. Asking prices remain firm in the South at $236 plus and in the North at $384 plus. More trade will likely develop throughout the afternoon, and once again, feedlot managers have been rewarded for their patient willingness to trade cattle later in the week as packers have upped their bids.

The feeder cattle complex also traded higher as traders have regained their focus from sheer panic and chaos, to one that's more clear and more stable, and is fixated on the current thriving performance of the cattle complex. Even though the futures complex dived lower Thursday afternoon, that hasn't affected demand in the countryside whatsoever.

The lean hog complex is trading higher into Friday's noon hour as traders are pleased with the uptick in pork demand late this week and are also grateful for the stability found throughout the futures complex, as traders have seemed to establish a new bottom in the market for at least this current move. August lean hogs are up $0.12 at $107.25, October lean hogs are up $0.40 at $89.97 and December lean hogs are up $0.35 at $82.07. Given that packers were so aggressive in the market earlier this week, it's unlikely that they'll do much more buying this afternoon, as their needs are fulfilled in the cash sector.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/08/01150741/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:September corn closed down 4 1/2 cents and December corn was down 3 cents. September soybeans closed unchanged, and November soybeans were unchanged. September KC wheat closed down 7 1/2 cents, September Chicago wheat was down 6 1/2 cents, September Minneapolis wheat was down 5 1/2 cents.For the Week:September corn closed down 10 cents and December corn was down 8 1/4 cents. September soybeans closed down 32 1/2 cents and November soybeans were down 31 3/4 cents. September KC wheat closed down 7 3/4 cents, September Chicago wheat was down 21 1/2 cents and September Minneapolis wheat was down 12 1/2 cents.Ag markets were mixed to close the week in a quiet session in which macroeconomic news was in the spotlight. The Aug. 1 deadline for tariffs arrived at midnight Friday morning, with the Trump administration announcing a 7-day grace period before newly announced sweeping tariffs will take effect. Adding to investor worries on Friday was a surprisingly shaky July jobs report which showed a slowdown in job creation through early summer. The thus-far resilient labor market in 2025 has been a key pillar which the Fed has pointed to in its decisions to hold rates steady, with the market now widely expecting a series of cuts later this fall. As for ag markets, the direct effects of Friday's tariff announcements remain relatively unknown, as many key trading partners had previously struck deals with the Trump administration, while top partners Canada and Mexico will still get exemptions for goods under USMCA. The initial weakness for Friday stemmed heavily from the energy sector, where a sharp moves lower in crude oil futures as well as RBOB gasoline and diesel were felt in ag markets such as soybean oil and corn.LIVESTOCK:Following Thursday's technical turbulence, the live cattle complex got back to trading higher as traders were pleased to see the fed cash cattle market trading higher. A light trade has been reported in Kansas at $236, which is $1.00 higher than Thursday's trade and $3.00 higher than last week's weighted average. A few deals have also been reported in Texas at $235, which is fully steady with Thursday's trade. Asking prices remain firm in the South at $236 plus and in the North at $384 plus. More trade will likely develop throughout the afternoon, and once again, feedlot managers have been rewarded for their patient willingness to trade cattle later in the week as packers have upped their bids. The feeder cattle complex also traded higher as traders have regained their focus from sheer panic and chaos, to one that's more clear and more stable, and is fixated on the current thriving performance of the cattle complex. Even though the futures complex dived lower Thursday afternoon, that hasn't affected demand in the countryside whatsoever.The lean hog complex is trading higher into Friday's noon hour as traders are pleased with the uptick in pork demand late this week and are also grateful for the stability found throughout the futures complex, as traders have seemed to establish a new bottom in the market for at least this current move. August lean hogs are up $0.12 at $107.25, October lean hogs are up $0.40 at $89.97 and December lean hogs are up $0.35 at $82.07. Given that packers were so aggressive in the market earlier this week, it's unlikely that they'll do much more buying this afternoon, as their needs are fulfilled in the cash sector.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/08/01150741/web-closing-markets.mp3">Click HERE for audio</a>

President Donald Trump announced another in a series of recent trade deals, this time with the Republic of South Korea. He says the deal amounts to an investment of $350 billion in U.S. goods, which includes agricultural products. South Korea will also purchase an additional $100 billion in liquefied natural gas and other energy products. The President says U.S. goods will be traded with South Korea at a zero-tariff rate, while South Korea will pay a 15 percent tariff on U.S. goods. 

“South Korea is one of our longest-established trading partners, so the Council is happy to see the administration show a commitment to building on those years of mutual respect and trade with the negotiation of this newest trade deal,” says U.S. Grains Council CEO Ryan LeGrand. “Korea was our fifth-largest trading partner in grains in all forms, with sales totaling $4 billion in the 2023-2024 marketing year.

President Donald Trump announced another in a series of recent trade deals, this time with the Republic of South Korea. He says the deal amounts to an investment of $350 billion in U.S. goods, which includes agricultural products. South Korea will also purchase an additional $100 billion in liquefied natural gas and other energy products. The President says U.S. goods will be traded with South Korea at a zero-tariff rate, while South Korea will pay a 15 percent tariff on U.S. goods. “South Korea is one of our longest-established trading partners, so the Council is happy to see the administration show a commitment to building on those years of mutual respect and trade with the negotiation of this newest trade deal,” says U.S. Grains Council CEO Ryan LeGrand. “Korea was our fifth-largest trading partner in grains in all forms, with sales totaling $4 billion in the 2023-2024 marketing year.-NAFB

USGC reacts to trade deal with South Korea

The Energy Information Administration says U.S. ethanol output rose to its highest level in six weeks and inventories jumped in the seven days ending on July 25. Total production surged to an average of 1.1 million barrels a day, up from 1.0 million a week earlier. The agency said that’s the highest level since June 13. In the Midwest, which produces the most ethanol, output averaged just over a million barrels a day, up slightly from the week before. 

East Coast output jumped from 9,000 to 12,000 barrels a day, while Rocky Mountain production was up an average of 1,000 barrels a day to 11,000 during the week. Gulf Coast production was also up 1,000 barrels a day to an average of 25,000 barrels. West Coast output held steady compared to the prior week. Ethanol stockpiles on July 25 totaled 24.7 million barrels, reaching the highest level since the week ending April 18. 

The Energy Information Administration says U.S. ethanol output rose to its highest level in six weeks and inventories jumped in the seven days ending on July 25. Total production surged to an average of 1.1 million barrels a day, up from 1.0 million a week earlier. The agency said that’s the highest level since June 13. In the Midwest, which produces the most ethanol, output averaged just over a million barrels a day, up slightly from the week before. East Coast output jumped from 9,000 to 12,000 barrels a day, while Rocky Mountain production was up an average of 1,000 barrels a day to 11,000 during the week. Gulf Coast production was also up 1,000 barrels a day to an average of 25,000 barrels. West Coast output held steady compared to the prior week. Ethanol stockpiles on July 25 totaled 24.7 million barrels, reaching the highest level since the week ending April 18. -NAFB

Ethanol output hits six-week high

September corn closed up 2 1/4 cents and December corn was up 1 1/2 cents. September soybeans closed down 6 1/4 cents and November soybeans were down 6 1/2 cents. September KC wheat closed up 4 1/4 cents, September Chicago wheat was down 1/2 cents, September Minneapolis wheat was up 1/2 cents.

Row crops were mixed Thursday to close the month of July with short-side grain traders booking some profits in the corn and hard red wheat markets, while the soybean complex was under pressure with the exception of soymeal, with soybean oil taking the brunt of selling pressure for Thursday ahead of month end and pressuring the oilseed market as result. Outside markets were mixed across the board as well, with equities slightly higher but energies lower as traders are attempting to sort out the potential outcomes of Friday's deadline for the reciprocal tariff pause, as well as a looming Aug. 8 deadline President Trump has given Russia to end the war in Ukraine. In macro news for Thursday, the Fed's preferred inflation gauge, the Personal Consumption Expenditure Index, came in hotter than expected for June with the core rate (excluding energy and food) pegged at 2.8% annually. This will certainly add an interesting layer to the rate discussion following Wednesday's Fed decision to hold the target rate steady for a fifth consecutive meeting. The CME FedWatch tool has pivoted now to penciling just one cut in 2025 and favoring the October FOMC meeting.

The live cattle complex has waved its white flag today as traders seem uncertain on what to do with the onset of a 50% tariff affecting beef and cattle imports from Brazil, which goes into effect in seven days. Cattlemen don't mind the fact that Brazilian beef and cattle could face a greater tariff, as truthfully, they want their own product to be marketed as opposed to the imported products. However, where the tricky part of this matter comes into play is in beef prices, and how consumers are going to react. We all know that President Trump uses tariffs as a way to get foreign leaders to the table to negotiate, but if for whatever reason the Brazilian government doesn't budge, domestic consumers could be affected as beef prices would likely trade higher because supplies of beef would become even more limited. Needless to say, it's a situation that we need to keep a very close eye on. If the U.S. beef cow-herd wasn't at a 62-year low, the story would be entirely different. Again, most cattle producers wouldn't mind the fact that foreign beef was taxed at a higher rate than in years past. There was a small (extremely small) volume of cattle traded in Kansas on Wednesday at $235, which is $2.00 higher than last week's weighted average, but no more sales have transpired today. Bids of $235 are currently being offered in Kansas again, but no more cattle have traded hands. Packer demand should improve at any point in time now. Asking prices are firm in the South at $236 plus and in the North at $390.

Because of the announcement that a 50% tariff could go into effect on beef and cattle imports from Brazil -- the feeder cattle complex &nbsp;traded sharply lower into the closing bell, thanks to the morning's announcement. This decision is solely being made because of technical uncertainty, not because it reflects what's going on in the countryside.

The cattle complex may have endured some pressure, but the lean hog contracts seemed to find some more technical footing in the contracts, which helped the market trade mostly higher. Unfortunately, it's not because of stronger pork demand or higher cash sales, but solely because of the added stability in the futures complex.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/07/31152428/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:September corn closed up 2 1/4 cents and December corn was up 1 1/2 cents. September soybeans closed down 6 1/4 cents and November soybeans were down 6 1/2 cents. September KC wheat closed up 4 1/4 cents, September Chicago wheat was down 1/2 cents, September Minneapolis wheat was up 1/2 cents.Row crops were mixed Thursday to close the month of July with short-side grain traders booking some profits in the corn and hard red wheat markets, while the soybean complex was under pressure with the exception of soymeal, with soybean oil taking the brunt of selling pressure for Thursday ahead of month end and pressuring the oilseed market as result. Outside markets were mixed across the board as well, with equities slightly higher but energies lower as traders are attempting to sort out the potential outcomes of Friday's deadline for the reciprocal tariff pause, as well as a looming Aug. 8 deadline President Trump has given Russia to end the war in Ukraine. In macro news for Thursday, the Fed's preferred inflation gauge, the Personal Consumption Expenditure Index, came in hotter than expected for June with the core rate (excluding energy and food) pegged at 2.8% annually. This will certainly add an interesting layer to the rate discussion following Wednesday's Fed decision to hold the target rate steady for a fifth consecutive meeting. The CME FedWatch tool has pivoted now to penciling just one cut in 2025 and favoring the October FOMC meeting.LIVESTOCK:The live cattle complex has waved its white flag today as traders seem uncertain on what to do with the onset of a 50% tariff affecting beef and cattle imports from Brazil, which goes into effect in seven days. Cattlemen don't mind the fact that Brazilian beef and cattle could face a greater tariff, as truthfully, they want their own product to be marketed as opposed to the imported products. However, where the tricky part of this matter comes into play is in beef prices, and how consumers are going to react. We all know that President Trump uses tariffs as a way to get foreign leaders to the table to negotiate, but if for whatever reason the Brazilian government doesn't budge, domestic consumers could be affected as beef prices would likely trade higher because supplies of beef would become even more limited. Needless to say, it's a situation that we need to keep a very close eye on. If the U.S. beef cow-herd wasn't at a 62-year low, the story would be entirely different. Again, most cattle producers wouldn't mind the fact that foreign beef was taxed at a higher rate than in years past. There was a small (extremely small) volume of cattle traded in Kansas on Wednesday at $235, which is $2.00 higher than last week's weighted average, but no more sales have transpired today. Bids of $235 are currently being offered in Kansas again, but no more cattle have traded hands. Packer demand should improve at any point in time now. Asking prices are firm in the South at $236 plus and in the North at $390.Because of the announcement that a 50% tariff could go into effect on beef and cattle imports from Brazil -- the feeder cattle complex &nbsp;traded sharply lower into the closing bell, thanks to the morning's announcement. This decision is solely being made because of technical uncertainty, not because it reflects what's going on in the countryside. The cattle complex may have endured some pressure, but the lean hog contracts seemed to find some more technical footing in the contracts, which helped the market trade mostly higher. Unfortunately, it's not because of stronger pork demand or higher cash sales, but solely because of the added stability in the futures complex. <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/07/31152428/web-closing-markets.mp3">Click HERE for audio</a>

Union Pacific will buy smaller rival Norfolk Southern in a deal worth $85 billion. U.P. says this would create the first coast-to-coast freight rail operator in the U.S. Reports say, if approved, the deal would be the largest buyout in the sector’s history. It would combine Union Pacific’s tracks in the western two-thirds of the U.S. with Norfolk’s more than 19,000-mile network covering 22 eastern states. The two railroads would have a combined enterprise value of $250 billion and would unlock annualized synergies of about $3 billion. 

The deal will likely face lengthy regulatory scrutiny amid union concerns over potential rate increases, service disruptions, and job losses. The National Grain and Feed Association says it will undertake an extensive evaluation of the proposed merger to “better understand” the implications for the industry. Mike Steenhoek of the Soy Transportation Coalition says the deal will create winners and losers in the  shipping industry.

Union Pacific will buy smaller rival Norfolk Southern in a deal worth $85 billion. U.P. says this would create the first coast-to-coast freight rail operator in the U.S. Reports say, if approved, the deal would be the largest buyout in the sector’s history. It would combine Union Pacific’s tracks in the western two-thirds of the U.S. with Norfolk’s more than 19,000-mile network covering 22 eastern states. The two railroads would have a combined enterprise value of $250 billion and would unlock annualized synergies of about $3 billion. The deal will likely face lengthy regulatory scrutiny amid union concerns over potential rate increases, service disruptions, and job losses. The National Grain and Feed Association says it will undertake an extensive evaluation of the proposed merger to “better understand” the implications for the industry. Mike Steenhoek of the Soy Transportation Coalition says the deal will create winners and losers in the shipping industry.-NAFB