Global Ag News For Sept 12.2025

TOP HEADLINES

 

 

FUTURES & WEATHER

Wheat prices overnight are up 1/4 in SRW, down 1/2 in HRW, unchanged in HRS; Corn is unchanged; Soybeans down 1 3/4; Soymeal down $1.40; Soyoil up 0.06.

For the week so far wheat prices are up 2 1/2 in SRW, up 4 1/4 in HRW, up 5 1/2 in HRS; Corn is up 1 3/4; Soybeans up 4 3/4; Soymeal up $2.30; Soyoil up 0.43.

For the month to date wheat prices are down 12 1/2 in SRW, down 10 1/4 in HRW, down 8 1/2 in HRS; Corn is down 1/2; Soybeans down 22 3/4; Soymeal down $2.70; Soyoil down 0.48.

Year-To-Date nearby futures are down 8.8% in SRW, down 12.9% in HRW, down 7.6% in HRS; Corn is down 13.0%; Soybeans up 1.7%; Soymeal down 6.3%; Soyoil up 27.8%.

Chinese Ag futures (NOV 25) Soybeans up 30 yuan; Soymeal up 12; Soyoil up 44; Palm oil up 68; Corn unchanged — Malaysian Palm is down 9.

Malaysian palm oil prices overnight were down 9 ringgit (-0.20%) at 4445.

There were changes in registrations (-4 Oats, -9 Soybeans). Registration total: 34 SRW Wheat contracts; 155 Oats; 154 Corn; 194 Soybeans; 707 Soyoil; 97 Soymeal; 419 HRW Wheat.

Preliminary changes in futures Open Interest as of September 11 were: SRW Wheat up 7,568 contracts, HRW Wheat up 2,303, Corn up 12,188, Soybeans up 10,261, Soymeal up 6,930, Soyoil down 2,372.

  

MILD WEATHER EXPECTED ACROSS EUROPE AND THE BLACK SEA REGION DURING THE NEXT WEEK

What to Watch:

• Lack of cold or excessive wet weather in the forecast across Europe
• Mild weather across the Black Sea region

Northern Plains: While some corn and soybeans may have been damaged from frosts this past weekend, the frost risk will be minimal for the rest of this week and through mid-September as temperatures will largely remain above average. Precipitation chances look steady into next week ahead of corn and soybean harvest and any rainfall will be helpful for crops that are finishing maturing. However, any heavier rainfall would slow down the remaining spring wheat harvest.

Central/Southern Plains: Isolated showers will be possible the rest of this week with small disturbances moving through the region. A stronger system will move into the region this weekend with more widespread rainfall being possible. For those trying to harvest, showers will be unfortunate, causing delays. But for those still looking for one more rain, there are some good chances yet.

Midwest: The frost risk will be minimal through mid-September as temperatures warm up again. Dry weather in the south and east continue to have negative effects on filling corn and soybeans, but that time has likely run out for any rainfall to have a positive impact there. Showers favor mainly the western Midwest through next week, favorable for filling corn and soybeans.

Delta: Drought is expanding and water levels are falling on the Lower Mississippi River. Conditions are favored to remain mostly dry through this weekend before more moisture arrives next week. Next week’s rain may end up being daytime showers and storms that are often spotty and provide insignificant help to drought conditions.

Brazil: Spring planting will begin shortly in the south and will increase going into October. A few light but spotty rain showers are possible across the region early next week, but until then, conditions will be dry for the rest of this week. Central Brazil will wait until consistent wet season rains arrive, and model runs continue to show showers starting to arrive next week, which would be early and could cause some early soybean planting.

Argentina: Recent heavy rainfall has been beneficial for heading wheat as well as increasing soil moisture ahead of corn planting. Widespread frost has not been beneficial for either though, and may have caused damage to wheat. Soil moisture is good enough to plant, and producers may be able to get back out in the fields the rest of the week and early next week as low temperatures stay just above freezing each morning.

Europe: Waves of rain have been falling across the continent over the last couple of weeks and more are forecast to move through into next week. The rainfall is good for immature summer crops and also ahead of winter wheat planting which starts up this month.

Black Sea: A small system brought rainfall to the region during the middle of this week. The rainfall was helpful for what remains of filling corn and prepping soils for winter wheat planting that starts over the next couple of weeks. Next week, rainfall looks limited again with high pressure dominating the weather pattern across southwest Russia. It may not be until the very end of next week that another front pushes through and provides scattered showers.

Australia: Widespread showers across eastern areas have been helpful as more wheat and canola are getting into reproductive stages. However, colder temperatures may bring a risk of frost over the next several days too, which could be damaging. Another front will crash into Western Australia this weekend and eventually move into southeastern areas early next week, providing isolated showers.

China: Rainfall has been more consistent across central and northeastern China lately, which has favored filling corn and soybeans as well as prepping soils for winter wheat and canola planting. Several systems and fronts are forecast to move through over the next couple of weeks, which is also beneficial.

 

The player sheet for 9/11 had funds: net buyers of 5,000 contracts of SRW wheat, buyers of 7,000 corn, buyers of 5,500 soybeans, buyers of 2,000 soymeal, and buyers of 4,000 soyoil.

TENDERS

• CORN PURCHASE: South Korean buyers Major Feedmill Group (MFG) and its member company Cargill Agri Purina purchased a total of about 130,000 metric tons of animal feed corn in an international tender on Thursday.
• CORN PURCHASE: The Incheon section of the Korea Feed Association (KFA) in South Korea purchased around 68,000 tons of animal feed corn in a private deal on Thursday without issuing an international tender.
• CORN TENDER: South Korea’s Major Feedmill Group (MFG) has issued an international tender to purchase up to 70,000 tons of animal feed corn.
• FEED BARLEY TENDER: Jordan’s state grains buyer has issued an international tender to purchase up to 120,000 tons of animal feed barley.

PENDING TENDERS

• SUNFLOWER OIL TENDER: Turkey’s state grain board TMO issued an international tender to purchase and import about 18,000 tons of crude sunflower oil
• WHEAT TENDER: A state grains buyer in Syria issued an international tender to purchase about 200,000 tons of soft milling wheat
• CORN, BARLEY AND SOYMEAL TENDER: Iranian state-owned animal feed importer SLAL issued international tenders to purchase up to 120,000 tons of animal feed corn, 120,000 tons of feed barley and 120,000 tons of soymeal.
• WHEAT TENDER: Jordan’s state grain buyer issued an international tender to buy up to 120,000 tons of milling wheat, which can be sourced from optional origins.

 

 

 

 

TODAY

US Sold 541.1K Tons of Soybeans Last Week; 540K of Corn: USDA

USDA releases net export sales report on website for week ending Sept. 4.

• Corn sales fell to 540k tons vs 1,836k in previous week
• All wheat sales fell to 305k tons vs 319k in previous week
• Soybean sales fell to 541k tons vs 795k in previous week

 

US Export Sales of Soybeans, Corn and Wheat by Country

The following shows US export sales of soybeans, corn and wheat by biggest net buyers for week ending Sept. 4, according to data on the USDA’s website.

• Top buyer of soybeans: Unknown Buyers with 432k tons
• Top buyer of corn: Mexico with 257k tons
• Top buyer of wheat: Japan with 79k tons

 

US Export Sales of Pork and Beef by Country

The following shows US export sales of pork and beef product by biggest net buyers for week ending Sept. 4, according to data on the USDA’s website.

• China bought 8.2k tons of the 17.3k tons of pork sold in the week
• Japan led in beef purchases

 

NOPA August US soybean crush estimated at 182.857 million bushels

The U.S. soybean crush likely dropped in August as seasonal plant maintenance downtime ahead of the autumn harvest dragged the daily processing rate to the slowest in a year, according to analysts surveyed ahead of a National Oilseed Processors Association report due on Monday.

NOPA members were estimated to have crushed 182.857 million bushels last month, according to the average of estimates from nine analysts surveyed by Reuters.

If the crush estimate is realized, the total would be down 6.6% from a July crush of 195.699 million bushels but up 15.7% from the August 2024 crush of 158.008 million bushels. It would also be the biggest August crush on record as NOPA membership has grown and as many crushers have expanded plants and opened new ones in recent years amid a boom in soyoil-based renewable fuels production.

Monday’s report will include crush data from new NOPA member Norfolk Crush in Nebraska, and the trade association now represents more than 99% of all U.S. soybean processing capacity, NOPA president and CEO Devin Mogler said.

Crushing slowed last month as several plants idled production for seasonal maintenance ahead of the U.S. soy harvest, analysts said.

The August crush estimate implies a processing rate of 5.899 million bushels a day, which would be the slowest daily pace since last August, according to NOPA data.

Crush estimates for August ranged from 180.000 million to 185.562 million bushels, with a median of 182.750 million bushels.

The NOPA report is scheduled for release at 11 a.m. CDT (1600 GMT) on Monday.

Soyoil stocks held by NOPA members as of August 31 were projected at 1.298 billion pounds, based on estimates from seven analysts.

The figure, if realized, would be down 5.8% from stocks totaling 1.379 billion pounds at the end of July.

Oil stocks estimates ranged from 1.100 billion to 1.520 billion pounds, with a median of 1.318 billion pounds.

 

Brazil to produce 180 million metric tons of soybeans in 2025/26, 3Tentos says

Brazilian farmers are poised to produce 180 million metric tons of soybeans in the 2025/26 season, Luiz Dumoncel, board chairman at agricultural inputs reseller and grain processor 3Tentos, said during an industry event on Thursday.

That would mark an almost 10 million-ton rise from the 2024/25 season, when Brazil produced an all-time record of 171.5 million tons of soybeans, according to crop agency Conab.

Corn production could reach 140 million tons in 2025/26, Dumoncel added, citing industry projections. If accurate, it will be very similar to corn output in the season now drawing to a close, which Conab pegged at 139.7 million tons.

Speaking at a panel with other industry representatives, Dumoncel said the market expects a low-intensity La Niña weather pattern in the new season, meaning farmers can expect a rainy second half of the year. He noted, however, delays in the arrival of rains in the Center-West, Brazil’s most important grain-growing region, although some farmers have already started planting their new soy there on irrigated fields.

Brazilian growers have started planting soy in certain areas of Parana state last week, according to private consultancy AgRural. Typically, farmers begin to plant their new soybean crop in mid-September in large states including Mato Grosso.

 

Brazil 2024-25 Corn Crop Seen at 139.7M Tons: Conab

Output est. raised from 137m tons, Brazil’s national supply co., known as Conab, says in its monthly report.

• Yield seen higher at 6,391 kg/ha vs 6,320 kg/ha last month
• Area planted raised to 21.858m ha vs 21.68m ha last month
• Soybean production est. raised to 171.5m tons vs 169.7m tons

 

Argentina Gains Corn Acreage in 2025-26 at Soy’s Expense: Bourse

Argentine farmers are set to plant 7.8m hectares (19.3m acres) of corn this season, a year-on-year jump of 9.6%, the Buenos Aires Grain Exchange said in a weekly report.

• Soil moisture on farms is optimal as planting starts
• Fieldwork progress is about 4%
• SOY
  • Soy area seen at 17.6m ha, a year-on-year drop of 4.3%, bourse analysts said in a separate pre-season report
  • “The planting window is shaping up to have normal rain conditions”
  • NOTE: Soy planting starts late-October
• WHEAT
  • Wheat plants already in the ground are benefiting from good weather, “keeping production expectations high”
• NOTE: The Rosario Board of Trade sees 2025-26 corn output at 61m metric tons vs. 50m last season, according to a monthly report on Wednesday
  • With corn planting estimated at 8m ha and plenty of water reserves on farms, there’s a “big chance of producing a record harvest”
  • Soy output forecast at 47m tons vs. 49.5m last season on lower acreage
  • Wheat output could surpass 20m tons

 

Brazil Registers Exporters for First China Sorghum Shipments

Brazil’s ministry of agriculture is registering exporters to allow shipments of sorghum to China, paving the way for cargoes within a few months, according to a spokesperson.

• Registrations to be readied and sent to Chinese authorities within 60 days, ministry says
• NOTE: China opened its market to Brazilian sorghum in November 2024
  • The Asian nation agreed in late August to import through a faster system by which Brazil’s authorities certify and license previously audited establishments
• Move comes as China hasn’t booked any sorghum cargoes from the US for the new crop

 

China Should Consolidate Foundation for Food Security, Liu Says

China vows to keep a close eye on major crops such as rice, corn, and soybeans, and strengthen their field management, Xinhua reports, citing the country’s vice Premier Liu Guozhong during a visit to Heilongjiang province.

• To pay attention to agricultural disaster prevention and reduction

 

Egypt Scoops Up More Wheat, Booking Cargoes From Black Sea

Egypt’s new wheat-buying agency, Mostakbal Misr, has booked at least half a million tons of the grain from the Black Sea region for import by next month, according to a person familiar with the matter, in a sign its purchases for the season are picking up.

The buyer has inked deals for 500,000 to 600,000 tons of wheat from Russia, Romania, Bulgaria and Ukraine, said the person, who requested anonymity to discuss private transactions. The cargoes will arrive in September and October, they said. That adds to supply booked from France in recent weeks.

Purchases from Egypt, the world’s top wheat buyer, are closely watched as an indicator for global demand. The US Department of Agriculture predicts the nation will import a record 13 million tons this season. About half has typically been purchased by the government and is used to run the bread-subsidy program that wide swathes of the population rely upon.

However, a change last year in how the government buys grain has clouded insight into the trade as regular import tenders from the General Authority for Supply Commodities — the body that had previously overseen wheat imports — were paused. Mostakbal Misr is now responsible for government purchases.

Mostakbal Misr booked wheat cargoes from Russian state-backed exporter OZK for August and September shipment, Bloomberg reported in June, although the volume at the time was unclear.

 

Expana expects record EU soft wheat harvest this year

This year’s European Union soft wheat crop is expected to have reached a record high, commodities research company Expana said on Thursday after raising its estimate on the back of bigger than forecast harvests in central and northern EU countries.

In its latest monthly report, Expana pegged EU soft wheat production for the 2025/26 season at 136.1 million metric tons, 3.3 million tons above its August projection.

That was up 19.8% from 2024/25 and beats the previous record of 135.6 million tons in 2015.

Global grain harvest forecasts for 2025/26 have risen sharply in recent weeks, particularly for soft wheat in Australia and Russia and corn in the United States, which should intensify competition in animal feed and export markets, Expana said.

“Given the expectation of a record global soft wheat harvest, European exporters will face an uphill struggle to offload this season’s exportable surplus,” it said.

EU soft wheat exports have been rather sluggish since the start of the 2025/26 season, owing to strong competition from Russian wheat and the lack of Chinese imports, it noted.

Expana also increased its barley crop outlook to its highest since 2008 at 56.2 million tons. That was 1.4 million tons higher than last month’s estimate and would also lead to hefty barley stocks at the end of the season.

Grain quality for this year’s wheat and barley has generally met market requirements, though protein levels were relatively low in several countries.

In contrast to winter crops, Expana cut its maize harvest forecast for a third consecutive month to 55.7 million tons, from 55.9 million tons in August and down 5.4% from 2024/25.

Since planting, growing conditions have been especially unfavourable in southeast Europe and France, it said.

 

Indonesia considering B45 biodiesel programme before B50, says local media citing energy minister

Indonesia could raise the mandatory palm oil content in its biodiesel to 45% (B45) before shifting to B50, local media cited the country’s energy minister Bahlil Lahadalia as saying on Friday.

Indonesia currently sets the mandatory palm oil content in its fuel at 40%, and is working to increase the proportion to 50% by next year.

 

Indonesia Hands Over 674,000 Ha of Seized Plantations to Agrinas

The government hands over about 674,178 hectares of seized plantations to state-owned Agrinas Palma, assistant attorney general for special crimes Febrie Adriansyah tells reporters in Jakarta on Friday.

• Total seized land handed over to Agrinas now at 1.51m ha
• Another 1.82m ha of plantations are being investigated
• Govt to also fine companies operating over forest areas without a permit, Adriansyah says
• Agrinas has plans to produce 5.7m tons of CPO a year, says Zulham Koto, director of business and commercial
  • Targets 20 tons of fresh fruit bunches a hectare annually
  • Plans to add new mills to process palm fruit from its plantations
  • Company currently has 17 mills
  • Will cooperate with Palm Co. to produce government brand cooking oil Minyakita

 

US Miss. River Grain Shipments Fall, Barge Rates Increase: USDA

Barge shipments down the Mississippi river declined to 361k tons in the week ending Sept. 6 from 384k tons the previous week, according to the USDA’s weekly grain transportation report.

• Barge shipments of corn rose 37.7% from the previous week
• Soybean shipments down 50% w/w
• St. Louis barge rates were $23.22 per short ton, an increase of $3.03 from the previous week

 

US Crops in Drought Area for Week Ending Sept. 9: USDA

The following shows the percent of US agricultural production within an area that experienced drought for the week ending Sept. 9, according to the USDA’s weekly drought report.

• Drought conditions in corn-growing areas increased to 13% vs 9% in the previous week
• Drought in soybean areas rose to 22% from 16%

 

 

 

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