The CME and Total Farm Marketing Offices will be Closed Friday, April 18, in Observance of Good Friday

All Prices as of 2:00 pm Central Time

Corn
MAY ’25	482.25	-2
JUL ’25	490.25	-1.5
DEC ’25	466	-0.75

Soybeans
MAY ’25	1036.5	-2.25
JUL ’25	1047.75	-2.5
NOV ’25	1032.5	-1.75

Chicago Wheat
MAY ’25	548.75	1
JUL ’25	562.25	1.25
JUL ’26	629	3

K.C. Wheat
MAY ’25	557.5	-0.5
JUL ’25	570	-2.25
JUL ’26	637.75	-2.25

Mpls Wheat
MAY ’25	606.25	2.5
JUL ’25	619.25	2.25
SEP ’25	633.25	2.75

S&P 500
JUN ’25	5348.75	43

Crude Oil
JUN ’25	63.94	2.11

Gold
JUN ’25	3329.8	-16.6

Grain Market Highlights

Corn: After a volatile trading session, corn futures ended the day in the red, despite another week of solid export sales.
Soybeans: Soybean futures closed lower heading into the holiday weekend, even with export sales landing at the higher end of trade expectations in today’s report.
Wheat: Wheat prices lost strength from earlier in the session, ultimately finishing mixed. Pressure came from weaker export sales and fresh estimates pointing to increased global wheat production this year.
To see the updated U.S. 7-day precipitation forecast as well as the Brazil and Argentina one-week forecast total precipitation courtesy of the National Weather Service, Climate Prediction Center and NOAA scroll down to the other Charts/Wheat section.

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Corn

Action Plan: Corn

Calls

Cash

Sell DEC ’25 Cash

Sell DEC ’26 Cash

Puts

2024 Crop:

Plan A: Next cash sale at 546 vs July.
Plan B: No active targets.
Details:
- Sales Recs: Seven sales recommendations made to date, with an average price of 495.50.
- Continue Catching Up: If you haven’t made all seven sales to date, keep taking advantage of up days in the 487 to 512 range vs July to make catch-up sales.
- Eighth Sales Rec: If July trades to 546 that will trigger the eighth sales recommendation.

2025 Crop:

CONTINUED OPPORTUNITY – Sell a portion of your 2025 corn crop. This is the seventh sales recommendation to date.
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:
- Sales Recs: Now, seven sales recommendations have been made to date, with an average price of 461.25.
- Rally: The December ’25 contract has rallied roughly 30 cents from its March 31 low of 436.50.

2026 Crop:

CONTINUED OPPORTUNITY – Sell a portion of your 2026 corn crop. This is the third sales recommendation to date.
Plan A: No active targets.
Plan B: No active targets.
Details:
- Sales Recs: Now, three sales recommendations have been made to date, with an average price of 460.
- Rally: The December ’26 contract has rallied roughly 30 cents from its March 31 low of 443.50 and is now encountering resistance around its February high of 472.50.

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

Market Notes: Corn

Despite another strong week of export sales, corn futures failed to find any traction and finished the trading week with mild losses as the most active July futures consolidated around the 490-price level. July corn futures finished the week 6 ¾ cents lower.
The USDA released weekly export sales on Thursday morning. For the week ending April 10, U.S. exporters reported new sales of 1.562 MMT (61.5 MB). Corn sales commitments now total 2.228 bb in 2024-25 and are up 27% from a year ago. This total is still ahead of the recently adjusted USDA export pace. Mexico was the largest buyer of U.S. corn last week.
Front-end corn futures could be under pressure with corn movement and pricing. Pricing of May basis contract can bring sellers into the market as producers are looking to wrap up cash sales before getting into field work.
Weather will be a key focus over the weekend, with another round of rainfall expected across the Southern Plains. Continued wet conditions could further complicate the region’s already soggy fields, potentially delaying early-season planting progress.
Monday’s USDA Planting Progress report will give a view of the pace of planting in some areas, as producers are progressing on both early corn and soybean planting windows.

Corn Starts April Strong
After spending much of March hovering just above key support at 450, corn futures have surged higher to start April. A friendly April WASDE report—highlighting stronger demand—has helped fuel the rally, with futures pushing through resistance at the 50-day moving average. The next upside target is the February highs just above 500, while near-term support is expected to be near 470, at the upper end of the previous trading range.

Soybeans

Action Plan: Soybeans

Calls

Cash

Puts

2024 Crop:

Plan A: Next cash sale at 1107 vs July.
Plan B: No active targets.
Details:
- Sales Recs: Three sales recommendations made to date, with an average price of 1089.
- No Changes: With three sales recommendations made to date, continue targeting a move to 1107 to make a fourth sale.

2025 Crop:

Plan A: Next cash sales at 1093 & 1114 vs November. Exit all 1100 November call options at 88 cents.
Plan B: Make a cash sale if November closes below 1016.75 support.
Details:
- Sales Recs: One sales recommendation made so far to date, at 1063.50.
- Catch-Up Target: If you didn’t make the one sale, aim for 1063 vs November as your catch-up target. This price level aligns with the Grain Market Insider sale recommendation issued back on January 29.
- New Plan B Target: While Plan A remains to make the next cash sale at 1093 vs November, markets don’t always cooperate. A new downside stop has been posted as a precaution in case the market falls short of that upside target. Key support for the current uptrend sits at 1016.75. A break below that level could signal a trend shift and reduce the odds of reaching the Plan A target. Grain Market Insider prefers to avoid selling on down days, but sometimes conditions call for flexibility.

2026 Crop:

Plan A: No active targets.
Plan B: No active targets.
Details:
- Sales Recs: Zero sales recommendations made so far to date.
- No Changes: The expectation is still for targets to begin posting in a month or two.

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

Market Notes: Soybeans

Soybean futures ended the shortened holiday week lower, retreating by as much as 7 cents. Despite attempts over the past five sessions, soybeans failed to close above the 200-day moving average, highlighting the ongoing resistance at that level. Soybean meal also finished lower, while soybean oil gained ground, following the upward movement in crude oil.
Today’s export sales report saw soybean sales on the higher end of trade estimates, especially for new crop sales. The USDA reported 20.4 mb of soybean sales for 24/25 and 6.7 mb for 25/26. Primary destinations were to Mexico, the Netherlands, and Germany. Export shipments of 26.5 mb were above the 12.3 mb needed each week to meet the USDA’s expectations.
The Buenos Aires Grain Exchange updated their crop progress report which shows 24/25 soybeans now 4.9% harvested which compares to 2.6% last week. Production is still estimated at 48.6 mmt. The Brazilian harvest is virtually complete with China as their top buyer.
For the week, May soybeans lost 6-1/4 cents while November gained 7 cents to $10.32-1/2. May soybean meal lost $4.00 to $295.60, and May soybean oil gained 0.52 cents to 47.87 cents. Soybean oil benefitted from an increase in crude oil this week of around 3 dollars a barrel.

Volatile Start to April for Soybeans
Soybean futures dropped sharply in early April following newly announced tariffs, breaking key support near the 1000 level that had held firm through March. However, early April strength has since fueled a rebound, pushing futures back above the pivotal 1000 mark and reclaiming major moving averages—most notably the 200-day, which has capped rallies over the past two years. With momentum rebuilding, the market is now targeting the February highs near 1080, while the 200-day moving average should offer support on any spring pullbacks.

Wheat

Market Notes: Wheat

Wheat futures closed mixed on the day after giving back earlier strength. Chicago and Minneapolis contracts posted modest gains, while Kansas City futures edged lower. Rainfall across key growing areas in Kansas may have pressured the Kansas City market, while there may have been some profit taking ahead of the three-day weekend.
The USDA reported an increase of 2.8 mb of wheat export sales for 24/25 and an increase of 10.1 mb for 25/26. Shipments last week at 17.8 mb fell under the 21.4 mb pace needed per week to reach their export goal of 820 mb. Total wheat sales commitments have reached 787 mb, up 14% from last year.
SovEcon is reported to have raised their estimate of Russia’s 2025 wheat crop production by 1.1 mmt to 79.7 mmt. On a related bullish note, Russia’s wheat stocks as of April 1 are said to be almost 50% less than they were a year ago.
According to the USDA, as of April 15, an estimated 34% of U.S. winter wheat acres are experiencing drought conditions; this is up 2% from last week. Spring wheat areas in drought held steady at 43%, however. Nonetheless, more moisture is needed for wheat growing regions.
FranceAgriMer has issued new estimates of French soft wheat exports for the 24/25 season. They lowered their projection of exports outside of the EU by 0.1 mmt to 3.1 mmt. However, they increased the forecast for exports within the EU from 6.28 mmt to 6.42 mmt.

Action Plan: Chicago Wheat

Calls

Cash

Puts

2024 Crop:

Plan A: Target 701 against July for the next sale.
Plan B: No active targets.
Details:
- Sales Recs: Four sales recommendations made to date, with an average price of 690.
- No Changes: 701 is still the price target to trigger a fifth sales recommendation.

2025 Crop:

Plan A: Target 705.50 against July for the next sale.
Plan B: No active targets.
Details:
- Sales Recs: Five sales recommendations made to date, with an average price of 646.
- No Changes: Still targeting 705.50 to trigger the sixth sales recommendation.

2026 Crop:

Plan A: Target 704 against July ‘26 for the next sale
Plan B: No active targets.
Details:
- Sales Recs: One sales recommendation made to date, at 624.
- No Changes: 704 is still the price target to trigger a second sales recommendation.

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

Chicago Wheat – Back to Sideways Trend
After months of sideways movement, Chicago wheat broke higher in February, rallying to early October highs just above 615. However, this mid-month peak quickly turned into a reversal point, with futures sliding back into the trading range that defined late 2024. Currently, support near 530 continues to hold firm. The next major resistance is the 200-day moving average, which now represents a critical test. A decisive weekly close above this level could signal a shift in momentum, potentially marking the beginning of a trend reversal and a return to upside momentum.

Action Plan: KC Wheat

Calls

Cash

Puts

2024 Crop:

Plan A: No active targets.
Plan B: No active targets.
Details:
- Sales Recs: Three sales recommendations made to date, with an average price of 677.
- No Changes: Still no active price targets, as the May contract continues to chop around in the 550-580 range.

2025 Crop:

Plan A: Target 677 against July for the next sale.
Plan B: No active targets.
Details:
- Sales Recs: Four sales recommendations made to date, with an average price of 639.
- No Changes: 677 is still the price target to trigger a fifth sales recommendation.

2026 Crop:

Plan A: No active targets.
Plan B: No active targets.
Details:
- Sales Recs: Zero sales recommendations made so far to date.
- No Changes: The expectation is still for targets to begin posting in the May – June timeframe.

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. March ended with weakness, bringing prices back near recent lows, but holding trendline support so far in April remains encouraging. On a rebound, the 200-day moving average is expected to act as initial resistance, with February highs near 640 serving as a more significant barrier. Support near the December lows of 540 should act as stout support on any continued decline.

Action Plan: Mpls Wheat

Calls

Cash

Puts

2024 Crop:

Plan A: No active targets.
Plan B: No active targets.
Details:
- Sales Recs: Five sales recommendations made to date, with an average price of 696.
- No Changes: No active targets for a sixth sales recommendation at this time.

2025 Crop:

Plan A: No active targets.
Plan B: No active targets.
Details:
- Sales Recs: Five sales recommendations made to date, with an average price of 646.
- No Changes: No active targets for a sixth sales recommendation at this time.

2026 Crop:

Plan A: No active targets.
Plan B: No active targets.
Details:
- No Changes: The expectation is still for targets to begin posting in the June – July timeframe.

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

Spring Wheat Hovers Near Support
Spring wheat broke out of its long-standing sideways range in late January, triggering a surge of bullish momentum. The rally gained further traction in mid-February with a close above the 200-day moving average, but late-month weakness wiped out those gains, pushing futures back below key technical levels. Currently, the 200-day moving average acts as a barrier, limiting any rebound attempts, while support near 580 remains crucial in preventing further downside. To reignite the uptrend, futures would need to make a sustained move above the 200-day, with the next upside target at the February highs near 660. With spring wheat acreage expected to be the lowest in the past 55 years, weather volatility is likely to play a significant role in market movements.

Other Charts / Weather

Above: US 7-day precipitation forecast courtesy of NOAA, Weather Prediction Center.

Above: Brazil and Argentina one-week forecast total precipitation courtesy of the National Weather Service, Climate Prediction Center.