1. Corn and Soybean Futures Rise on Signs of Demand

Corn and soybean futures have shown positive movements in recent overnight trading, boosted by indications of continued demand for U.S. agricultural supplies. Data from the USDA reveals that South Korea has acquired 204,000 metric tons of U.S. corn, with an additional 310,000 tons being bought by an unnamed country for delivery in the 2025-2026 marketing year.

In addition, China has expressed interest in purchasing 168,000 metric tons of U.S. soybeans, while Mexico secured 152,404 tons for the current marketing year, reflecting strong international demand.

Despite these developments, the current price rally lacks strong conviction. Market analysts note that investors who anticipated lower prices may be buying back contracts and closing their positions. John Zanker, a senior analyst at Farmer’s Keeper Financial, expressed skepticism regarding the sustainability of this recovery following a bearish USDA supply and demand report.

2. Farmers to Curb Supply Due to Reduced Profitability

As profitability diminishes due to global oversupply and escalating input costs, farmers may be compelled to limit supply growth in the upcoming years, according to a note from the Wells Fargo Investment Institute (WFII). While this reduction in supply could potentially lead to long-term price enhancements, the current market conditions remain challenging.

Global factors, including easing supply disruptions from the Russia-Ukraine conflict and large harvests in South America, have contributed to abundant supplies. Despite a $12 billion aid package promised to farmers by the U.S. government, the likelihood of a material change in global oversupply is minimal, according to WFII analyst Mason Mendez.

3. Forecast: Strong Winds Expected Thursday and Friday in Several States

The National Weather Service (NWS) has issued warnings for intense winds expected to affect various regions from North Dakota to western Kansas. Central South Dakota could see sustained winds between 35–45 mph, with gusts reaching up to 60 mph.

Travel conditions may become hazardous, particularly for high-profile vehicles, and the high winds may lead to property damage and power outages. In regions like northwestern Kansas and northeastern Colorado, where red-flag warnings have been issued, wind gusts may also reach up to 60 mph, heightening the risk of wildfires due to low relative humidity levels.