HRW: + 5 cents each 1/2% above 11.5% to 13.0%; - 10 cents each 1/2% below 11.5%

DNS: + 3 cents each 1/4% above 14.0% to 15.5%; - 7 cents each 1/4% below 14.0%

SWW: + 0 cents each 1/10% below 10.5%; - 0 cents each 1/10% from 10.5% to 12.0%. Max = -$0.00

** CLUB WHEAT MAX 10.5% PROTEIN ONLY **

Premiums and Discounts are Subject to Change...Please Call to Confirm

Sept 17, 2025 Market Email:    https://s3.amazonaws.com/media.agricharts.com/sites/2446/Markets_AM_09_17_25.pdf

Wheat futures are trading lower this morning, down 4 to 7 cents in the D-E-C 2025 futures. Yesterday's markets got a boost with the idea that we might be close to a trade agreement with China. Scott Bessent, the US treasury secretary said a meeting between President Trump and the Chinese Prime minister, XI will be held later this week after they work out the details of the tiktok deal. The US is delaying the deadline for a deal on the tiktok issue, so the site will not go dark in the US right now. Hopefully the discussions on a trade deal will include some benchmarks for agricultural trade and not just be another pushback of the deadline (currently november 10). US currency values have been dropping as well, adding some strength to our ability to attract export business. Speculative traders got involved with some short-covering yesterday and the markets are giving some of that back this morning.

Monday's crop progress report showed both corn and soybean G/E ratings fell 1% to their seasonal lows. Corn harvest advanced 3% to 7% and soybean harvest showed up at 5%. WEather continues to be hot and dry to push the crop along with concerns the soybean moisture will be deja vu of last year. There isn't anyu major updates in the wheat world to talk about as any trade news gets corn or soybeans excited. We did see export inspections bounce back strongly this week. Winter wheat planting was up 6% this week to 11%, 2% behind the average. Spring wheat harvest is virtually wrapped up at 94% with ID, MT, ND, and WA left to finish up.

Cash Futures Prices: Chicago D-E-C is down 6 at 527. KC D-E-C is down 7 at 516 and MPLS D-E-C is down 4 at 572. US Dollar is trading 0.08 higher at 96.72.

Effective July 1st, 2025 

We know every dollar counts, especially in agriculture, and that's why I'm delighted to announce that the Board of Directors has approved a 10% reduction in wheat handling rates. This will bring the rate down from 15 cents to 13.5 cents per bushel, effective July 1st, 2025.

 This decision was made with you, our valued members, at the forefront. We firmly believe that by reducing these rates, we can help put more money back into your pockets and support the vital work you do every day on your farms.  This is about strengthening our co-op together, and ensuring we continue to provide the best possible value for your hard-earned dollar.

 Thank you for your continued loyalty and for being such an integral part of our co-op community. Your success is our success, and we're committed to doing everything we can to support you.

Sincerely,

Garrett Egland

General Manager