---
title: Daily comment for Tuesday, August 25
description: Corn and soybeans were quickly able to bounce back from yesterday's disappointing closes with December corn actually making a new contract high, by 1/4...
---

[Newsletters](https://blog.claytonpopecommodities.com/newsletters)

# [Daily comment for Tuesday, August 25](https://blog.claytonpopecommodities.com/newsletters/daily-comment-for-tuesday-august-25)

 Written by [Taylor Pope](https://blog.claytonpopecommodities.com/newsletters/author/taylor-pope) | Aug 25, 2026, 9:40:58 PM

| CONTRACT | CLOSE | NET CHANGE |
| --- | --- | --- |
| Sep '26 Corn | 500 1/2 | +9 |
| Dec '26 Corn | 523 1/2 | +8 |
| Sep '26 Beans | 1228 | +12 |
| Nov '26 Beans | 1237 3/4 | +13 1/2 |
| Sep '26 Chi Wheat | 685 1/2 | +3 3/4 |
| Sep '26 KC Wheat | 754 1/2 | +4 |
| Dec '26 Cotton | 88.31 | -0.52 |
| Crude Oil (spot futures) | 82.03 | -2.97 |
| US Dollar Index (spot futures) | 98.81 | -0.13 |
| Dow Jones (spot futures) | 53,656 | +166 |

## Daily Glance

Corn and soybeans were quickly able to bounce back from yesterday's disappointing closes with December corn actually making a new contract high, by 1/4 cent, right into the close. November soybeans were able to gain back all but 2 cents from yesterdays sell off while wheat firmed late to close well off their intraday lows.

### Want the rest of today's comment?

Leave your name and email to read the full daily market comment, including technicals, weather and trade implications.

Yield chatter remains the dominant theme, with more private estimates drifting into the mid to upper 170s and a growing sense the market has settled on something under 180 for now. Attention is increasingly turning to next Monday's crop progress report, specifically how much further the corn crop's dent percentage advances, since maturing unusually fast this time of year tends to be a sign of stress rather than strength.

Another soybean sale to China hit the tape again today, though fresh chatter about a possible new tariff out of Washington ahead of next month's summit kept some hesitation in the bean market even as prices firmed.

Outside markets were mixed, crude fell sharply while the dollar eased slightly and the Dow jumped again.

## Key Points/Developments

**Technicals:** Dec corn added 8 cents to 523 1/2, edging a quarter cent past Monday's 524 peak before easing back into the close. That extends the breakout rather than just consolidating it, and a further push higher opens the door to 528 to 530, then 545. Support falls back to 510 to 512, then the 506 area, then 500.

Nov beans jumped 13 1/2 cents to 1237 3/4, closing in on the 1238 to 1240 resistance zone we have been watching without quite clearing it. A close above there opens 1250, while support comes in at 1218 to 1220, then 1210 to 1212, then 1200.

**Spreads:** The Sep/Dec corn spread narrowed a cent to 23 cents. We are also going to start tracking the new crop Dec/Mar corn spread, which closed today at 15 cents, March holding a premium to December. The Sep/Nov bean spread widened to 9 3/4 cents, and the new crop Nov/Jan bean spread, which we will track alongside it going forward, settled at 14 1/2 cents, January over November.

**Weather:** TStorm left its ratings unchanged again today, corn, soybeans, and winter wheat all still neutral. Seasonable weather holds through Friday before a quick turn into a late season heat wave this weekend, one that could make the 30 days ending in early September among the warmest in about 50 years for both crops.

Rain looks limited across that stretch, likely a half inch to an inch over the next couple weeks, with a real cooldown not expected back until around the first week of September.

## Markets/Trading Implications

We are watching the same fight develop that has dominated the tape since mid last week in just how low this corn crop really is. Part of why the market seems suddenly comfortable pricing in a number under 180 is that yields north of that level have essentially only happened once in recent memory, so private estimates drifting into the high 170s do not require some dramatic reinterpretation, just more confirmation. Monday's dent percentage will carry a lot of weight for that reason, since a crop maturing unusually fast this time of year tends to say more about stress than strength.

With Dec corn sitting right back at Monday's high and the dramatic trend, we have to imagine higher highs await, but at the same time, feel the crowd is starting to get a little too bullish here. We will likely be looking for hedge opportunities on more strength and recommend more cash sales for those that need to be further along than 50% at harvest.

Beans have had a bit of a tougher time, but today was a step in the right direction. Some of that hesitation looks tied to talk of a possible new Washington tariff ahead of next month's summit, on top of Pro Farmer tour data showing pod counts down in six of the seven states surveyed. We would treat the tariff talk as noise until something is actually announced, but it is one more reason beans have lagged corn's strength this week.

We are comfortable holding where we sit through this stretch. Every situation is a little different, so give us a call and we can talk through where you stand.

## Other Notes

- Rumors are circulating of an EPA small refiner exemption announcement as soon as this week, with talk of as much as 1.8 billion gallons against trade expectations closer to 1.36 billion, a level that has weighed on bean oil and the broader soy complex ahead of the actual announcement.
- There is also fresh talk in Washington of a new tariff tied to Chinese manufacturing overcapacity that could push the effective tariff rate on Chinese goods up to around 20 percent, still well below where it stood a year ago near 53 percent, ahead of the two countries meeting next month.

## Static Notes

- Commitment of Traders report released Friday, August 21, covering positions through Tuesday, August 18, showed funds piling on even more length across the board. Corn's net long jumped to about 182,000 contracts, up roughly 56,000 on the week, funds buying about 9,000 new longs and covering another 47,000 of shorts. Soybeans saw a similar swing, net long growing to about 152,000, up 43,000, while wheat's net short narrowed to about 25,000, a shift of roughly 8,000.
- That buying came right into a week that was already rallying hard, not against it. In the five market days since Tuesday's cutoff, corn has added 35 1/2 cents, beans 21 1/2, and wheat 21, so the buying still has not let up.

Have a nice evening!

Clayton and Taylor

**RISK DISCLAIMER:**  
Trading in futures products entails significant risks of loss which must be understood prior to trading and may not be appropriate for all investors.  
Please contact your account representative for more information on these risks. Past performance of actual trades or strategies cited herein is not necessarily indicative of future performance.

[View full post](https://blog.claytonpopecommodities.com/newsletters/daily-comment-for-tuesday-august-25)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Taylor Pope"
  },
  "dateModified" : "2026-10-13T20:57:09.480Z",
  "datePublished" : "2026-08-25T21:40:58Z",
  "headline" : "Daily comment for Tuesday, August 25",
  "image" : {
    "@type" : "ImageObject",
    "height" : 4267,
    "url" : "https://44292880.fs1.hubspotusercontent-na1.net/hubfs/44292880/CLAYTON%20POPE%20COMMODITIES%201-01.jpg",
    "width" : 6000
  },
  "mainEntityOfPage" : "https://blog.claytonpopecommodities.com/newsletters/daily-comment-for-tuesday-august-25",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Newsletters"
  }
}
```