Corn futures are trading lower at midday ahead of the USDA’s Prospective Plantings and Grain Stocks report, set for release at 11 a.m. CDT.
With a flood of market-moving data and the end of both the month and quarter, afternoon trade could see increased volatility.
Heavy rainfall is expected over the next week across the Ohio and southern Mississippi River valleys, likely delaying early fieldwork. Meanwhile, next week’s forecast calls for cooler but drier conditions across much of the U.S.
In Brazil, weather remains favorable for second-crop corn, with normal to above-normal moisture expected over the next two weeks. Given historically tight domestic corn stocks, weather conditions will remain a key focus in the months ahead.
Soybean futures are higher at midday ahead of the USDA’s Prospective Plantings and Grain Stocks report.
Brazil’s soybean harvest reached 81% completion late last week, ahead of last year’s pace of 73.6% for the same period.
The USDA’s Prospective Plantings report is expected to estimate soybean acreage at 83.8 million acres, down 3.3 million from last year due to weaker profitability compared to corn.
Wheat futures are slightly higher at midday Monday after hitting new contract lows late last week in both Chicago and Minneapolis.
Weak export sales and forecasts for moisture in parts of the Plains contributed to last week’s price drop.
Expectations for today’s USDA report calls for all wheat seedings at 46.48 million acres, up from 46.10 million in 2024, with quarterly stocks expected at 1.215 billion bushels, an increase from 1.087 billion last March.
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.
