Consus Ag Consulting AM Market Briefing

Tuesday, July 15th, 2025

Improved crop ratings and benign US weather models are pressuring the market in early Tuesday trade. The US corn crop remains one of the highest rated in history and the soybean rating improved 4 points from the prior week. The spring wheat rating also improved for the week as better weather was seen across much of the US. Many analysts continue to use condition to predict yield and this is a good time to remind everyone that ratings do not indicate yield. They may give an indication of crop potential, but not an actual yield. (We have more to come on this, stay tuned) Parts of the US will see elevated temperatures to start the week before a cool down by the weekend. Spotty rains will accompany this shift in temperature. Some models are predicting heat to build into month end. Corn will be done pollinating by then, but we will still be seeing ear and pod fill. Trade is well aware of the potential August weather impact on crops. The monthly CPI data will be released this morning and likely have an impact on outside markets, spilling over into commodities. The June NOPA crush report will be released at noon ET today with record soybean usage expected. These numbers, along with updated weather and of course any new trade developments, will drive price discovery today.

Visit our YouTube channel, Consus Ag Consulting, for timely market video content, including our early morning “3 Things to Watch” with a quick look at the day’s top stories and our Weekly Livestock Update! Click on the following link for this morning’s update.

3 things to watch