3 Big Things Today, Nov. 25, 2025
- Media Logic Radio
- 6 hours ago
- 3 min read
By Tony Dreibus | Updated on November 25, 2025
1. Wheat Futures Rise on Dry Weather Worries
Wheat futures were higher in overnight trading on concerns about dry weather in parts of the U.S. southern Plains.
Moisture deficits will persist in the northwestern quarter of U.S. hard red winter wheat growing areas, Commodity Weather Group said in a note to clients.
Rainfall has, however, improved moisture in the central and southwestern Plains, the forecaster said.
Cold weather in the next two weeks will push the northwestern two-thirds of wheat into dormancy, though the risk of winterkill is low, CWG said.
Moisture deficits are also expected to expand in Russian winter wheat areas into early December.
Still, winter wheat conditions in the U.S. improved week over week.
About 48% of the crop was in good or excellent condition at the start of the week, up from 45% seven days earlier, USDA said in its weekly Crop Progress report.
In Kansas, the biggest producer of winter varieties, 62% earned top ratings, up from 56% seven days earlier, the agency said. Forty percent of the crop in Oklahoma, the second-largest grower, was in good or excellent shape as of Sunday, up from 39% the previous week.
Corn was modestly higher overnight and soybeans were little changed as the harvest comes to a close.
About 96% of the U.S. corn crop was in the bin as of Sunday versus 91% a week earlier and the prior five-year average of 97%, USDA said. The soybean harvest was completed last week.
Wheat futures for December delivery rose 2¢ to $5.36¾ a bushel overnight on the Chicago Board of Trade, and Kansas City futures added 2½¢ to $5.25 a bushel.
Corn futures for December delivery gained 1½¢ to $4.38¼ a bushel.
Soybean futures for November delivery rose 1¢ to $11.24¼ a bushel. Soy meal was up $3.80 to $322.10 a short ton and soybean oil futures dropped 0.31¢ to 50.21¢ a pound.
2. Weekly Export Inspections of Soybeans, Corn Decline
Inspections of soybeans and corn for offshore delivery declined week to week while wheat assessments increased, according to data from the USDA.
Soybean inspections in the seven days that ended on Nov. 20 were reported at 799,042 metric tons, down from 1.21 million tons the previous week, the agency said.
That’s also well below the 2.12 million tons assessed during the same week a year earlier.
Examinations of corn for overseas delivery dropped to 1.63 million metric tons, down from 2.07 million tons the previous week, but up from 1.01 million tons at the same point last year, USDA said.
Wheat inspections, meanwhile, rose to 474,530 metric tons from 246,533 tons the week prior and 365,933 tons a year earlier.
Since the start of the marketing year on Sept. 1, the government has inspected 17.5 million metric tons of corn for export, the agency said. That’s up from 10.2 million tons during the same period last year.
Soybean assessments since the beginning of September now stand at 10.9 million metric tons, down from 19.7 million tons a year earlier.
Wheat inspections since the start of the grain’s marketing year on June 1 were reported at 12.8 million metric tons, up from 10.7 million tons in the same timeframe a year ago, USDA said in its report.
3. Winter Storms Forecast for Parts of Minnesota, Wisconsin
Winter storm warnings have been issued for much of Minnesota and northern Wisconsin, National Weather Service maps show.
In central Minnesota, heavy snow with accumulations of up to 6 inches are possible throughout the day into this evening, the agency said.
Winds will gust up to 35 mph.
“Roads, and especially bridges and overpasses, will likely become slick and hazardous,” NWS said. “Visibilities may drop below a quarter mile due to falling and blowing snow. Travel could be very difficult.”
As much as 15 inches of snow are expected in northern Wisconsin, though some areas of Vilas County may see up to 2 feet, the agency said.
Winds will gust 25–35 mph in the area, which will result in blowing and drifting snow.
