3 Big Things Today, Sept. 24, 2025
- Media Logic Radio
- Sep 24, 2025
- 3 min read
By Tony Dreibus
1. Soybean Futures Lower in Overnight Trading
Soybeans declined in overnight on favorable weather in parts of South American and growing crush capacity in Brazil.
“Modest” showers in northern Brazil will give some crops including coffee and sugar a boost, and precipitation will be scattered in the center-west of the country where soybeans are growing, Commodity Weather Group said in a note to clients.
Parts of Brazil including central and northwestern Sao Paulo, northern Mato Grosso do Sul and extreme southern Mato Grosso will all be dry this week, the forecaster said, which underpinned futures overnight.
The U.S. Midwest looks dry for most of the 6–10 day outlook, which will help farmers accelerate the harvest of their crops.
Nine percent of soybeans were in the bin as of Sunday, up from 5% a week earlier and on par with the prior five-year average, the USDA said. The U.S. corn harvest was 11% complete at the start of the week versus 7% seven days earlier, and steady with the average for this time of year.
The Brazilian Association of Vegetable Oil Industries, called ABIOVE, said earlier this week that the country’s soybean producers will invest 5.9 billion reais ($1.11 billion) in the next year to boost soybean crushing capacity by 8%, or 6 million metric tons a year.
Brazil is the world’s largest producer and exporter of soybeans and the third largest processor behind only China and the U.S.
Soybean futures for November delivery dropped 4¢ to $10.08 a bushel overnight on the Chicago Board of Trade. Soymeal lost $1 to $276.30 a short ton and soybean oil futures declined 0.06¢ to 49.82¢ a pound.
Corn futures fell ¾¢ to $4.25½ a bushel.
Wheat futures for December delivery rose ¾¢ to $5.21¼ a bushel. Kansas City futures were up ½¢ to $5.12 a bushel.
2. NCGA Launches Task Force on High Input Costs
The National Corn Growers Association said yesterday it was launching a task force in a bid to find solutions to near record high input costs.
The goal is to find ways to bring costs in line with commodity prices, the association said in a statement.
“This is a time to look at all pieces of the farm profitability picture,” NCGA President Kenneth Hartman Jr. said. “Low prices of course contribute to one side of the equation, but we must also look at the extremely high prices growers are paying for essential inputs on the other side.”
USDA last month forecast the cost to produce an acre of corn at $897.44 this year and $915.51 in 2026. The cost of corn production set a record in 2022 at $928 an acre, the agency said.
NCGA said recent analysis by its analysts show the cost of corn has remained near record levels despite prices dropping. While output costs have dropped only 3% from their peak in 2022, prices have plunged more than 50%.
“Even with higher yields, farmers are unlikely to be able to offset these high costs,” Hartman Jr. said.
3. Heavy Rain Possible in the Southern Plains
Heavy rainfall and isolated storms are expected in parts of central and southwestern Kansas, according to data from the National Weather Service.
“Scattered thunderstorms will become possible again this afternoon as the upper-level system moves over the area,” NWS said in a report early this morning. “Severe weather is not expected, but a few storms could generate gusty winds and additional heavy rainfall.”
Flood warnings have been issued for a couple of counties in the area as excessive rainfall exacerbates flooding.
In the Texas panhandle, isolated storms bringing brief, heavy rain are expected, though severe weather is not, the agency said.
