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 21, 2025:  https://s3.amazonaws.com/media.agricharts.com/sites/2446/Markets_AM_08_21_25.pdf

Wheat futures are trading higher this morning, up 0 to 2 cents in the S-E-P 2025 futures. Markets are seeing some technical support and light fund short-covering at the start of the trading session. Weekly export sales were seen as positive for corn and soybeans but the wheat exports came in near the low end of estimates. White wheat was only a small part of the mix for total wheat sales. Yesterday's positive trade in the futures only a short time after the markets set new contract lows has some speculating that the market has "bottomed out". A positive close today and tomorrow would help solidify those thoughts.

The US and the EU have reportedly come to an agreement on a trade deal. Details are not out yet but it is believed that the EU will have zero tariffs against US Ag products and will be required to purchase a certain amount of energy from the US and provide 600 billion investment in the US infrastructure.

There are also rumors that China was inquiring on pricing some US wheat, either in the form of SRW through the Gulf or HRW and SWW out of the PNW. Still just a rumor but if you are large speculative trader holding a large short position (sell high - then buy back low strategy) you might start getting nervous about the buy-back price going the wrong direction on you. The large corn and soybean crop potential is still keeping some pressure on the other markets but that potential crop still has to make it to harvest.

Cash Futures Prices: Chicago S-E-P is unchanged at 505. KC S-E-P is up 2 at 503 and MPLS S-E-P is up 1 at 571. US Dollar is trading 0.36 higher at 98.57.

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