Consus Ag Consulting AM Market Brief
Wednesday, July 16th, 2025
Corn, soybeans, and wheat are all on the plus side in overnight trade as short covering develops. The market has developed a trend of higher night trade, then weakness during the day session. Futures are leaning towards oversold though and this is limiting fresh selling interest. Trade is starting to pay a little more attention to demand that has been running above estimates nearly all marketing year. This morning there is chatter that China is shopping for soybeans off the Pacific Northwest. Freight rates show someone is looking for something in that area. China currently has no corn, soybeans, nor wheat bookings from the US and some traders are becoming nervous over demand, especially with China building trade relations with other commodity sources. This morning’s gains are being held in check by the lack of a major US weather threat and ongoing uncertain trade relations.
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