The CME and Total Farm Marketing offices will be closed Monday, January 20, in observance of Martin Luther King Jr Day.
All prices as of 10:30 am Central Time
Corn
MAR ’25
474.5
-4.25
JUL ’25
485.75
-6.25
DEC ’25
450.25
-6.75
Soybeans
MAR ’25
1021.5
-21.25
JUL ’25
1045
-21
NOV ’25
1021.75
-17.5
Chicago Wheat
MAR ’25
541.5
-5.5
JUL ’25
563
-5.5
JUL ’26
619.75
-7.5
K.C. Wheat
MAR ’25
549.5
-8
JUL ’25
568.75
-7.75
JUL ’26
623
0
Mpls Wheat
MAR ’25
582.75
-4.75
JUL ’25
603.75
-5.5
SEP ’25
615.5
-5
S&P 500
MAR ’25
5992.75
3.75
Crude Oil
MAR ’25
77.33
-1.38
Gold
APR ’25
2776.7
32.8
Corn continues to trade lower at midday on forecasted rainfall in Argentina this weekend and lighter trading volume.
Weekly corn export sales came in at 40 mb, which was on the high end of trade expectations. Year-to-date commitments total 1.585 bb, which is up 28% from last year.
Weekly US ethanol production was 4% higher than the same week last year at 1.095 million barrels.
Rosario Grain Exchange cut their Argentina corn crop estimate to 48 mmt, down from 50 mmt in their last forecast.
Soybeans are lower at midday on expected rainfall in South America which will help to boost their production prospects.
Weekly soybean export sales came in at 21 mb, which was in line with trade expectations. Year-to-date commitments total 1.502 bb which is up 9% from a year ago.
NOPA crush for the month of December came in at a record 206.6 mb. This compares to 195.3 mb crushed in December of last year.
Wheat remains lower at midday, following the rest of the grain market. Good winter wheat conditions in the US and the dollar rising have made it hard for wheat to sustain any rally.
Weekly wheat export sales came in above trade expectations at 19 mb. Year-to-date commitments total 644 mb which is up 9% from last year.
Russian wheat ending stocks are estimated at 10 mmt which is down from 20.2 mmt last year.
According to SovEcon, Russian wheat shipments through the first half of January are 900,000 mt. This compares to 1.4 mmt in the first half of January last year.
Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.
Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.
Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies.
