Highlights – Key Market Insights

USDA Crop Progress showed harvest moving up with corn ~18% and soybeans ~19% complete last week, keeping fieldwork active where conditions allow. DTN Profit Finder
On-highway diesel averaged ~$3.75/gal in the latest weekly EIA update, a touch higher week-over-week, keeping trucking/drying budgets steady. U.S. Energy Information Administration
WTI crude firmed to start the week after a smaller-than-expected OPEC+ output hike, helping keep fuel cost volatility contained for now. Reuters
Fertilizer trends were mixed: urea/UAN eased, while DAP/MAP edged higher in USDA’s latest bi-weekly pricing snapshot. AMS USDA

Commodity Spotlights

🌽 Corn

Harvest pace improved nationwide last week, helping basis and logistics normalize in parts of the Midwest as more new-crop supplies move. DTN Profit Finder
Futures liquidity and interest stayed solid late week, with open interest rising alongside active trade into month-end. AP News
Export & feed demand remain watch items, with ample expected U.S. supply keeping rallies in check on bounces. Reuters+1

🌱 Soybeans

Soy harvest advanced alongside corn, keeping elevator space and scheduling tight in active areas. DTN Profit Finder
Futures activity stayed brisk late week even as prices eased slightly, reflecting balanced near-term sentiment. AP News
China buying remains a swing factor, so basis strength may be local where export interest and crush pull beans. ADM Investor Services

🌾 Wheat

Wheat futures were mostly steady to slightly higher late week as traders weighed global supply headlines against U.S. competitiveness. Investing.com
Ongoing big-crop expectations abroad continue to pressure U.S. export bids, keeping rallies limited without fresh demand. The Western Producer

🍚 Rice

Arkansas harvest continues despite scattered rain, with milling quality still the chief concern for many growers. Stuttgart Daily Leader
Rough rice futures held in recent ranges into late week, offering orderly hedging opportunities around harvest timing. CME Group

Fuel & Input Cost Watch

WTI crude edged higher to start the week after the modest OPEC+ move, a path that tempers but doesn’t spike farm fuel costs. Reuters
Retail diesel averaged $3.754/gal last week (+$0.005), keeping hauling and drying budgets largely steady. U.S. Energy Information Administration
Urea/UAN drifted lower while DAP/MAP firmed, suggesting selective pre-buys in phosphorus and patience on nitrogen where storage allows. AMS USDA

Risk Management Quick Take

Set a floor into active harvest but keep some upside: modest put floors or min-price contracts can defend revenue while you work basis/local bids, and staggered pre-buys on diesel or MAP/DAP can steady fall input costs without overcommitting.