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
432.5
1
DEC ’25
442.5
3.75
DEC ’26
471
1
Soybeans
JUL ’25
1074.5
0.5
NOV ’25
1069.25
1.5
NOV ’26
1083.75
-2.5
Chicago Wheat
JUL ’25
565.75
16.75
SEP ’25
582
16.5
JUL ’26
636.5
13.75
K.C. Wheat
JUL ’25
562.5
14.75
SEP ’25
578
15.5
JUL ’26
634.5
13.75
Mpls Wheat
JUL ’25
642.25
11.5
SEP ’25
656.5
12.25
SEP ’26
689
6.5
S&P 500
SEP ’25
6064.25
25.75
Crude Oil
AUG ’25
71.89
-1.38
Gold
AUG ’25
3403.3
-3.6
Corn futures remain higher at midday, supported by strength in the wheat market and heat concerns this weekend and into early next week.
LSEG has lowered their corn production estimate in Ukraine by 1.4% to 27.8 mmt. The group cited a lower planted area as the reason for the cut in production.
China’s customs data shows corn imports for the month of May declined 81.6% from a year ago to 190k tons. Year-to-date corn imports are down over 93% year-over-year to 630k tons.
Soybean prices are being lifted at midday alongside the rest of the grain market as a heatwave enters the Midwest this weekend.
The USDA announced yesterday the sale of 120k mt of U.S. soybean meal to unknown destinations for 2025/26 delivery.
According to Anec, Brazil’s soy exports are seen reaching 14.37 mmt in June, up from 14.08 mmt in the groups previous estimate.
Wheat prices continue to strengthen at midday on slow harvest pace and concerns over weather threats to winter wheat areas early next week.
LSEG has left their production estimate for Ukraine unchanged at 20.1 mmt. The group mentioned that they could trim that number later as the country faces dry weather.
Agrimer reported that soft red wheat exports are the lowest in 28 years this season as they face stiff competition from the Black Sea region.
Russia’s export duty on wheat fell 13.3% from last week to 566 rubles per mt. The new rates are reported to remain in effect until June 24.
Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.
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