3 Big Things Today, Sept. 29, 2025
- Media Logic Radio
- Sep 29
- 2 min read
Corn and soybeans are under pressure to start the week while dry and warm harvest weather continues in the Midwest.
By David Geiger
1. Corn and Soybeans Under Pressure to Start Week
At 6:30 a.m. CT, December corn was down 2½¢ at $4.19 per bushel.
November soybeans were 3¾¢ down at $10.10 per bushel. December soymeal was $2.30 stronger to $276.90 a short ton, and December soy oil dropped 0.39¢ to 49.80¢ a pound.
December wheat markets were slightly up in the early morning. CBOT wheat was up ½¢ at $5.20¼ per bushel. KC wheat increased ½¢ at $5.06 per bushel. Minneapolis wheat was unchanged at $5.51 per bushel.
“Corn and soybeans are starting the week’s trade under pressure while wheat is posting gains.” Karl Setzer, partner with Consus Ag Consulting said, “An active week of harvest activity and limited fresh news is weighing on corn and soybeans, as are expectations for a neutral quarterly stocks report [Tuesday]. Mixed yield reports are putting a floor under the market, as is renewed export interest.”
2. ICYMI: China Buys Most of 40 Argentina Soy Cargoes
In case you missed it, Agriculture.com has a story covering how a majority of November through December
From the story:
Around 40 Argentine soybean cargoes were registered for export in November and December during this week’s export tax suspension, mostly headed to China, two traders told Reuters, in purchases that directly eat into the prime U.S. marketing season.
A total of 2.66 million tons of soybeans were registered for November and December, accounting for more than 50% of the 5.1 million tons of total volume booked for all months cited by Argentine officials during the tax-free window, the two Asian traders said on Friday.
The buying frenzy by Chinese importers this week was a fresh blow for U.S. soybean farmers, who have been shut out of exports to top market China during the current harvest season as trade war tariffs make their soybeans prohibitively expensive for Chinese buyers.
3. Dry and Warm Harvest Weather Continues
A dry and warm stretch continues in the Midwest this harvest according to the National Weather Service’s (NWS) Weather Prediction Center.
It says the region will have temperatures unseasonably higher due to a strong ridge with no significant rainfall expected. Overnight lows will also stay above average 50–60°F.
The NWS said, “Southwest flow associated with robust upper-level ridging will continue to support widespread unseasonably warm temperatures across the northern and central Plains, Upper Midwest, and Great Lakes regions the next few days. High temperatures are expected to routinely exceed 10°F above normal.”
The NWS added this is in contrast with the coasts, where it expected repeated storms in the Northwest as well as moisture in the Southeast from tropical storm Imelda.
