No Rain in 2 Weeks: Soybean Stress Rising in Illinois
August 18, 2025
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9:06Now PlayingNo Rain in 2 Weeks: Soybean Stress Rising in Illinois
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Futures and options trading involves risk of loss and is not suitable for everyone.
🌽 Welcome Back!
Some parts of the US Corn Belt have turned very dry over the last two weeks. Illinois, Missouri, Kentucky, Indiana, and Ohio have seen little to no rain 🌤️. Talk of a "flash drought" is heating up as the forecast stays dry. Temps have run 2–4° above normal, with a cool front expected this weekend. See maps below!
🚜 Crop Tour 🚜
Pro Farmer kicks off its Midwest Crop Tour this week (Aug 18–21). Scouts will travel across 7 states, measuring ear counts, pod counts, and crop health. 🌱 This tour offers the most widely followed, real-time snapshot of US crop potential. Results will be released daily, with final estimates Thursday night. Pete Meyer will join us from the tour later this week!
📉 Corn Market Update
The Dec25 corn contract closed last week nearly unchanged despite a hugely bearish USDA report. 🌾 USDA pegged this year’s corn crop at 16.7B bushels—over 700M above trade guesses. Corn bottomed at $3.92 before closing near $4.05. Export demand is strong, but concerns linger. Big crops often “get bigger,” though not always… See charts below.
🥫 Soybean Crush Record
NOPA’s July report showed a record crush for the month at 195.69M bushels (+5.6% vs June, +7% YoY). 💥 Soybean oil stocks fell to the lowest July level since 2004—just under trade estimates. See charts below!
📊 Fund Activity
CFTC data shows “The Funds” shifted positions last week:
➡️ Sold 6k corn contracts
➡️ Bought 27k soybean contracts
➡️ Sold 9k SRW wheat contracts
Check out the Fund Tracker below 👇
👍 Stay Informed!
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