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

June 27, 2025 Morning Markets Email:   https://s3.amazonaws.com/media.agricharts.com/sites/2446/Markets_AM_06_26_25.pdf

Wheat futures are trading higher this morning, up 1 to 6 cents in the J-U-L-Y 2025 futures. Markets are seeing some technical support after this week's selloff and some encouraging trade / tariff information. "Low prices are the cure for low prices" as they say, and a steady run of lower on the wheat futures can result in the market being oversold (spec traders establishing short positions aka "sell high - buy back low = profit") and set things up for some profit-taking as they buy back in to capture their profits. The declining price can also position our crop more competitively on the world stage and result in better prospects for export sales. The U.S. and China have signed an agreement that formalizes an understanding that the U.S. countermeasures will be removed when China resumes rare earths exports the the U.S. Trump is also ready to finalize several trade agreements by July 9th with White House Press Secretary Leavitt saying that the July 9 tariffs deadline is "not critical" and could be extended. Sounds like the tarriff negotiations are moving forward quickly and while there haven't been any grain-specific details announced, it is assumed that it will be good for agricultural trade. There isn't much support coming from weather forecasts as things look favorable for harvest progress and crop development for most of the key regions.

Hedge-to-Arrive contracts: If you have an HTA contract deliverable this harvest you should be watching the basis levels closely. Current harvest delivery basis for SWW is holding on at about 74 cents. If we see a sudden drop in the futures markets, it could provide an opportunity to lock in a higher basis before the cash bids catch up. 

Cash Futures Prices: Chicago J-U-L-Y is up 6 at 527. KC A-U-G is up 2 at 535 and MPLS A-U-G is up 1 at 626. US Dollar is trading 0.06 higher at 97.23.

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