The CME and Total Farm Marketing Offices will be closed Thursday, June 19, in Observance of Juneteenth
All prices as of 10:30 am Central Time
Corn
JUL ’25
432.75
-2
DEC ’25
438.75
3.75
DEC ’26
471
4.25
Soybeans
JUL ’25
1071.75
2
NOV ’25
1067
6.5
NOV ’26
1086
8.5
Chicago Wheat
JUL ’25
545.5
9
SEP ’25
561.25
9
JUL ’26
618.5
7.25
K.C. Wheat
JUL ’25
544.75
8.75
SEP ’25
559
8.25
JUL ’26
616.5
7
Mpls Wheat
JUL ’25
621.75
-1
SEP ’25
635.25
-0.75
SEP ’26
674.75
0
S&P 500
SEP ’25
6075
-14.75
Crude Oil
AUG ’25
72.25
2
Gold
AUG ’25
3404.8
-12.5
Corn futures are relatively flat from earlier price action at midday. July and December contracts continue to hang below the $4.40 level as weather forecasts lean favorable for growing conditions.
Monday’s Crop Progress report showed corn planting in the US is now complete. Crop conditions improved by 1% to 72% good-to-excellent.
Global corn supply is estimated to be greater as favorable weather is leading to sufficient growing conditions. However, with lower beginning stocks and higher consumption, world supply for 2025/26 corn is still seen as tight.
Soybeans have reversed higher at midday on support from the rest of the soy-complex and declining crop conditions.
Yesterday’s Crop Progress report showed soybean planting in the US at 93% done, up from 92% last year and the 5-year average of 84%. Ratings were seen slipping 2% to 66% good-to-excellent.
May NOPA crush was a record for the month at 192.83 mb but was still below the average trade estimates.
Chicago and HRW futures are higher at midday, supported by global production cuts and falling crop conditions.
Winter wheat ratings were seen falling 2% to 52% good-to-excellent in yesterday’s Crop Progress report. Winter wheat harvest is seen at 10% complete. Spring wheat improved 4% to 57% good-to-excellent.
Winter rapeseed harvest in France is seen reaching 4.2 mmt, which if realized would be 9.4% higher than last year.
Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.
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