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5-22 Midday: Corn and Soybeans Reverse Higher; Wheat Remains Weaker

The CME and Total Farm Marketing Offices will be closed Monday, May 26, in Observance of Memorial Day
 

All prices as of 10:30 am Central Time

Corn
JUL ’25 463.75 2.75
DEC ’25 455.25 -0.25
DEC ’26 469 0.75
Soybeans
JUL ’25 1068.75 6
NOV ’25 1054.75 2.5
NOV ’26 1053 2.25
Chicago Wheat
JUL ’25 545 -4.25
SEP ’25 561.25 -2.5
JUL ’26 621.75 -0.5
K.C. Wheat
JUL ’25 538.5 -2
SEP ’25 553.75 -1
JUL ’26 611.75 -2
Mpls Wheat
JUL ’25 601.5 -2.75
SEP ’25 614.75 -2.25
SEP ’26 675 -3
S&P 500
JUN ’25 5857.5 -3.75
Crude Oil
JUL ’25 61.03 -0.54
Gold
AUG ’25 3318.6 -23.3
  • Corn futures are mostly lower at midday, pressured by recent rainfall and larger than expected South American crop.
  • Weekly export sales for corn came in at 56 mb, which was in line with expectations. Year-to-date commitments total 2.491 billion bushels, up 28% from last year.
  • According to Agroconsult, Brazil’s corn crop could be the second largest on record. The group estimates production may reach 140 mmt, which would be 9% above last year’s output.

  • Soybeans have reversed higher at midday, on support from potential cuts to Argentina’s crop after recent flooding.
  • Weekly export sales for soybeans totaled 12 mb, which was on the low end of trade expectations. Year-to-date commitments are up 13% from a year ago at 1.775 billion bushels.
  • Indonesia’s palm exports during the month of April were seen falling 32% from March to 1.384 mmt, according to Intertek Testing Services.
  • Wheat futures continue to see a slight pullback at midday after three consecutive up days in a row.
  • Weekly export sales for wheat were above expectations at 32 mb. Year-to-date commitments total 789 mb, up 13% from last year.
  • India, the second largest wheat grower in the world could see a record output this year due to favorable weather conditions during the crucial growing stage.

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