All Prices as of 2:00 pm Central Time

Corn
MAY ’25	457.75	-6.75
JUL ’25	465.25	-6.75
DEC ’25	449	-2.5

Soybeans
MAY ’25	1001.75	-5.5
JUL ’25	1015.5	-4
NOV ’25	1006.5	0

Chicago Wheat
MAY ’25	543.25	-5
JUL ’25	559.75	-5.5
JUL ’26	628.5	-4.75

K.C. Wheat
MAY ’25	569.25	-8.75
JUL ’25	584.75	-8.25
JUL ’26	648.5	-4.5

Mpls Wheat
MAY ’25	588.5	-3.75
JUL ’25	605	-4.25
SEP ’25	620.5	-4.75

S&P 500
JUN ’25	5818	2.5

Crude Oil
MAY ’25	69.02	-0.09

Gold
JUN ’25	3052.3	8.3

Grain Market Highlights

Corn: Corn prices drifted lower Tuesday, taking cues from a soft wheat market and broader caution across commodities. With big reports and tariff deadlines on the horizon next week, traders seemed content to take some risk off the table. Still, U.S. corn stays attractive on the export front.
Soybeans: Soybean futures ended the day mixed, with pressure on nearby contracts driven by meal-led weakness and improved crop weather in Argentina, while deferred months held firm amid tightening Brazilian production estimates and anticipation of Monday’s U.S. acreage report.
Wheat: Wheat prices dropped for another day, feeling the weight of better U.S. and Black Sea weather, a calmer tone around Black Sea trade, and pressure from weaker corn and soybeans — even as Russian export estimates dipped and crop ratings painted a mixed picture across key U.S. states.
To see updated U.S. 0-100 cm Soil Moisture Percentile as well as the 7-day total precipitation map for the US and South America, scroll down to the other charts/weather section.

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Corn

Action Plan: Corn

Calls

Cash

Puts

2024 Crop:

Plan A: No active targets.
Plan B: No active targets.
Details:
- Catch-up: If you’re behind on sales, continue targeting 480 vs May as the first catch-up spot.
- Status Quo: No changes to the overall strategy. There are still no new targets for an eighth sales recommendation on the 2024 crop. With the typically volatile Prospective Plantings and Grain Stocks reports coming out next Monday, Grain Market Insider will likely hold off on new recommendations until after the reports — unless market conditions shift significantly.

2025 Crop:

Plan A: Exit all 510 December calls @ 43-5/8 cents. Exit half of the December 420 puts @ 43-3/4 cents.
Plan B: No active targets.
Details:
- Catch-up: If you’re behind on sales, continue targeting 462 vs December as the first catch-up spot.
- Status Quo: No changes to the overall strategy for new crop corn. The approach remains well-balanced between the sales recommendations, the open 420 put options, and the open 510/550 call options. Bring on the March 31 reports!

2026 Crop:

Plan A: No active targets.
Plan B: No active targets.
Details:
- Recs: One sales recommendation made so far.
- No Targets: No new or active targets at this time.

To date, Grain Market Insider has issued the following corn recommendations:

Market Notes: Corn

The corn market saw selling pressure on Tuesday as a weak wheat market and an overall risk-off mindset pressured prices lower. May corn posted its lowest daily close since March 5 at the end of the session today.
The corn market is still seeing long liquidation possibly preparing for a couple key events next week. On March 31 is the USDA Grain Stocks and Prospective Plantings report, and April 2is the next deadline date for Canada and Mexico tariffs. In addition, the market is nearing the end of the month and quarter next week, and traders are likely balancing portfolios.
With the softening of prices, US corn will stay extremely competitive in the export market until the June/July window. This time window will bring harvested bushels from Argentina and a clearer picture of the Brazil corn crop, which could limit the demand pace.
Brazil second crop corn planting is nearing completion, and weather for the most part has been supportive for early season development.
On next Monday’s USDA Prospective Planting Report, analyst feel the corn planting could reach 94.4 million acres according to a Bloomberg Survey. This total would be up 400,000 acres from the USDA baseline projections from the February USDA Outlook Forum.

Corn Finds Its Footing After Sharp Pullback
After soaring to 16-month highs in late February, corn futures took a steep dive, retreating to test key technical levels. Prices recently found support near 450, aligning with both the 100-day moving average and a critical trendline — potentially marking a short-term low as the market pivots toward spring planting.
A rebound from this level suggests renewed strength, but hurdles remain. Initial resistance looms near the 50-day moving average, while stronger support sits deeper at the 200-day moving average. With the USDA’s March planting intentions report on the horizon and weather developments in both South America and the U.S., volatility could return swiftly, keeping traders on high alert.

Soybeans

Action Plan: Soybeans

Calls

Cash

Puts

2024 Crop:

Plan A: Next cash sale at 1107 vs May. Buy calls with a close over 1079.75 vs May.
Plan B: No active targets.
Details:
- Catch-up: If you’re behind on sales, continue to target 1056 vs May as a first catch-up spot.
- Status Quo: No changes to the current strategy from last week.

2025 Crop:

Plan A: Next cash sale at 1114 vs November. Exit all 1100 November call options at 88 cents.
Plan B: No active targets.
Details:
- Catch-up: There has been one official sales rec on 2025 soybeans to date. If you’re behind, continue targeting 1040 vs November to catch up.
- Status Quo: No changes to the current strategy from last week.

2026 Crop:

Plan A: No active targets.
Plan B: No active targets.
Details:
- Status Quo: It will be at least another 1–2 months before the first targets or recommendations are likely to post.

To date, Grain Market Insider has issued the following soybean recommendations:

Market Notes: Soybeans

Soybeans were lower to end the day and were bear spread with the front months posting the majority of the losses while new crop beans were unchanged. Meal led the complex lower as improved weather in Argentina boosted production estimates. Soybean oil was higher along with crude oil.
AgRural has cut its estimate for the Brazilian soybean crop to 165.9 mmt on disappointing yields in the South. This is now below the USDA’s estimate of 169 mmt. Harvest in the country is 73.84% complete which is a record pace for this time of year.
The USDA will release its planting intentions report on Monday, March 31, and the average trade estimate for soybean acres is 83.8 m with the range between 82.5 and 85.5 ma. The outlook forum estimated 84.0 ma, and in 2024, 87.1 ma of soybeans were planted. These numbers would be bullish if realized.
In South America, weather conditions have improved in southern Brazil, where 41% of the soybean crop is reportedly filling pods. Argentina has also received more rain as its crop progresses toward maturity, following a relatively dry season.

Soybeans Find Support Near 1000
Soybean futures tested the 200-day moving average in early 2025, a stubborn resistance level that has kept rallies in check for 18 months. As March unfolded, favorable weather and harvest pressure from South America triggered a sharp selloff, sending prices tumbling. Despite the decline, support held firm around the psychological 1000 level, with a stronger backing near 950. If the market continues to rebound, initial resistance sits at 1030, but the 200-day moving average remains a formidable hurdle.

Wheat

Market Notes: Wheat

Wheat again closed lower, pressured by lower corn and soybean futures, as well as a forecast for above normal temperatures and better precipitation chances in the US plains over the next couple weeks. Rain in the Black Sea area may have also offered some weakness as it brings relief from dry conditions.
According to the White House, the Russian government has agreed to safe passage of ships in the Black Sea following peace talks in Saudi Arabia. Additionally, the US will help to restore Russian ag and fertilizer exports.
SovEcon is said to have once again lowered their estimate of Russian wheat exports, this time by 1.5 mmt to 40.7 mmt. For reference, the USDA export projection is still sitting at 45 mmt.
Select states released updated winter wheat crop ratings. Top producer, Kansas, saw a 1% improvement to 49% good to excellent. There were also improvements of 3% in Texas to 31%, and 6% in Colorado to 66%. But after the recent heavy winds and dryness, there was a decline of 9% to 37% good to excellent in Oklahoma.
According to the European Union Monitoring Agricultural Resources unit (MARS), grains are in fairly good condition and are in better shape than last year. Additionally, soft wheat yields are estimated at 6.00 mt per hectare, which is above last year’s 5.58 and a five-year average of 5.77.

Action Plan: Chicago Wheat

Calls

Cash

Puts

2024 Crop:

Plan A: Target 701 against May for the next sale.
Plan B: No active targets.
Details:
- Status Quo: No changes to the current strategy from last week.
- Preemptive Sale: Monitoring various indicators for sell signals that could suggest the need for a preemptive sale — before 701 hits. This applies to Plan B.

2025 Crop:

Plan A: Target 714 against July for the next sale.
Plan B: No active targets.
Details:
- Status Quo: No changes to the current strategy from last week.
- Preemptive Sale: Monitoring various indicators for sell signals that could suggest the need for a preemptive sale — before 714 hits. This applies to Plan B.

2026 Crop:

Plan A: Target 704 against July ‘26 for the next sale
Plan B: No active targets.
Details:
- Status Quo: No changes to the current strategy from last week.
- Preemptive Sale: Monitoring various indicators for sell signals that could suggest the need for a preemptive sale — before 704 hits. This applies to Plan B.

To date, Grain Market Insider has issued the following Chicago Wheat recommendations:

Chicago Wheat Faces Key Test After February Surge
After months of sideways grinding, Chicago wheat broke out in February, rallying to early October highs just above 615. However, that mid-month peak quickly turned into a reversal point, with futures slipping back into the previous trading range that defined late 2024. For now, support near 540 has held firm, marking the lower boundary of this range, while the 200-day moving stands as the next major test. A decisive weekly close above this level could shift momentum, potentially setting the stage for a trend reversal and renewed upside.

Action Plan: KC Wheat

Calls

Cash

Puts

2024 Crop:

Plan A: No active targets.
Plan B: No active targets.
Details:
- One Change: The 717 upside target has been cancelled for now.

2025 Crop:

Plan A: Target 677 against July for the next sale.
Plan B: No active targets.
Details:
- Status Quo: No changes to the current strategy from last week.
- Preemptive Sale: Monitoring various indicators for sell signals that could suggest the need for a preemptive sale — before 677 hits. This applies to Plan B.

2026 Crop:

Plan A: No active targets.
Plan B: No active targets.
Details:
- Status Quo: Still not expecting the first targets for another two to three months — likely around May or June.

To date, Grain Market Insider has issued the following KC recommendations:

Kansas City Wheat Seeks Direction After February Whiplash
February was a wild ride for Kansas City wheat, with prices surging higher before tumbling back down, ultimately finishing the month little changed. Now, with weather concerns heating up in March, futures have regained momentum, climbing back above the pivotal 200-day moving average. Looking ahead, the 200-day moving average should act as support on any pullback, while February highs near 640 remain a formidable barrier to the upside. A breakout above this level could signal a more sustained rally, but for now, the market remains in a tug-of-war between bullish weather risks and technical resistance.

Action Plan: Mpls Wheat

Calls

Cash

Puts

2024 Crop:

Plan A: Target 625 against May for the next sale.
Plan B: No active targets.
Details:
- Status Quo: No changes to the current strategy from last week.
- Preemptive Sale: Monitoring various indicators for sell signals that could suggest the need for a preemptive sale — before 625 hits. This applies to Plan B.

2025 Crop:

Plan A: No active targets.
Plan B: No active targets.
Details:
- Status Quo: No changes to the current strategy from last week.

2026 Crop:

Plan A: No active targets.
Plan B: No active targets.
Details:
- Status Quo: Still not expecting the first targets for another three to four months — likely around June or July.

To date, Grain Market Insider has issued the following Minneapolis wheat recommendations:

Spring Wheat Struggles to Hold Breakout Amid Volatility
Spring wheat broke out of its long-standing sideways range in late January, sparking a wave of bullish momentum. The rally gained traction in mid-February with a close above the 200-day moving average, but late-month weakness erased those gains, pulling futures back below key technical levels. Now, the 200-day moving average looms as resistance, capping any rebound attempts, while support near 580 remains critical to preventing further downside. To reignite the uptrend, futures would need a sustained move back above the 200-day, with the next upside test at February highs near 660. Until then, the market remains in search of direction amid shifting fundamentals.

Other Charts / Weather

Above: US 7-day total precipitation maps of the United States and South America from https://www.ag-wx.com/SA