Group 1 - Soybean futures experienced fractional gains, with November contracts seeing a reduction of 5,084 contracts in open interest [1] - The national average cash bean price increased by 1.25 cents to $9.36 3/4 [1] - Soymeal futures decreased by 40 cents to $3.80, while Soy Oil futures rose by 18 to 35 points [1] Group 2 - Crop Progress data indicated a 2% decline in condition ratings, now at 61% good/excellent [2] - The Brugler500 index fell by 4 points to 358, which is 4 points lower than the same week last year [2] - Some states showed improvement in crop conditions, while others, including Indiana and Iowa, experienced declines [2] Group 3 - Following the suspension of the Argentina export tax, China has reportedly purchased 10-15 cargoes of Argentine beans [3] - November 25 Soybeans closed at $10.12, with a slight increase of 1 cent, while nearby cash was $9.36 3/4, up 1.25 cents [3] - January and March 2026 Soybeans also saw minor increases, closing at $10.31 3/4 and $10.47 3/4 respectively [3]

Core Insights - Corn futures experienced gains of 5 to 6 ¼ cents, with the CmdtyView national average Cash Corn price rising to $3.85 ¼ [1] - The US corn crop is currently 7% harvested, aligning with the 5-year average, but condition ratings have decreased by 1% to 67% good/excellent [2] Group 1: Market Performance - Corn futures closed with gains, with December 25 Corn at $4.29 ½, up 6 ¼ cents, and March 26 Corn at $4.47, up 6 cents [3] - Nearby Cash Corn price increased by 6 ¼ cents to $3.85 ¼, while May 26 Corn closed at $4.56 ¾, up 5 ½ cents [3] Group 2: Crop Conditions - Crop Progress data indicates a decline in condition ratings, with the Brugler500 index dropping 3 points to 372 [2] - Notable increases in crop conditions were reported in Illinois (+2), Nebraska (+3), and Ohio (+1), while significant declines were observed in Indiana (-7), Iowa (-4), Minnesota (-3), Missouri (-3), and North Dakota (-4) [2] Group 3: Harvest and Export Insights - Early harvest reports suggest yields may be lower than last year, raising questions about whether this trend will continue as harvesting progresses [3] - Brazilian corn exports for September are estimated at 7.12 million metric tons, slightly above previous estimates [3]