About this Video

• Video Title: Cool & Dry In The Midwest Growing Regions
• Channel: ADMInvestorServices
• Speakers: Steve
• Duration: 00:03:37

Introduction

This video provides a brief agricultural market commentary focusing on the Midwest growing regions in the US. The speaker discusses current weather conditions (dry and cool), their impact on the corn and soybean crops, and the resulting price fluctuations in soybean, corn, and wheat futures.

Key Takeaways

• Midwest weather: The Midwest is experiencing unusually dry and cool conditions for August, impacting crop development. While some rain is predicted, significant rainfall is unlikely in the near future.
• Soybean market: Soybean prices have rallied near 1060, influenced by tight old crop carryout and limited farmer selling. Despite anticipated export declines, crush margins remain favorable. One group lowered its soybean crop estimate, suggesting a less bearish outlook than initially expected. Prices are expected to gradually rally into May and June 2026.
• Corn market: Corn prices are relatively stable. A pro-farmer yield estimate is providing market support, despite a record corn crop and increased crop estimates from some groups. Corn export demand is expected to be strong. Prices are predicted to be low at harvest, around 340.
• Wheat market: Wheat prices are slightly up, and despite high supply, the market is not expected to reach its seasonal bottom until September. Exports are slightly higher than last year. Prices are anticipated to remain within a trading range, between 500 and 560.
• External Factors: Global economic conditions, particularly the potential for reduced interest rates by the Federal Reserve and the impact of higher tariffs, are also impacting market dynamics.