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

Market Email August 12, 2025:   https://s3.amazonaws.com/media.agricharts.com/sites/2446/Markets_AM_08_12_25.pdf

Wheat futures are trading mostly lower this morning, unchanged to down 10 cents higher in the S-E-P 2025 futures, with MPLS HRS being the only one holding near unchanged. Cash bids were delayed while the trade waited until the WASDE report release at 9 AM our time. Traders were anticipating a big bump to corn yield which was increased from 181 bpa on the July report to 188.8, far above the average pre-report guess of 184.4 bpa. Corn ending stocks increased from 272 MMT on the July report to a whopping 282.5 MMT which was also far above the average trade guess of 278.26. Wheat and soybean ending stocks came in lower than anticipated with increased exports helping to shave about 20 million bu off of the total for wheat.

On the geo-political front:  Trump and Putin will meet in Alaska to discuss ways to work out a peace deal in the Russia and Ukraine war. Friday was the deadline on a new round of sanctions against Russia if they hadn't ended their fighting so they will have plenty to talk about. China would like to see our focus remain on Russia and Ukraine and not on them but the sanctions against Russia provide a roadblock in getting a trade deal done with the U.S. as countries who sidestep those sanctions face retaliation in the form of higher tariffs and trade restrictions.

Cash Futures Prices: Chicago S-E-P is down 10 at 504. KC S-E-P is down 7 at 511 and MPLS S-E-P is unchanged at 578. US Dollar is trading 0.52 lower at 98.00.

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.

 To help us continue making smart decisions that enrich our members, we'd greatly appreciate it if you could please take a few moments to fill out our Acres for Storage Survey at this link. Your input is so helpful as we plan for the future.

 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