Corn futures are trading near unchanged at midday, with a lack of fresh headlines keeping the market rangebound.
Geopolitical tensions remain elevated despite diplomatic overtures, as Iran prepares for peace talks with the EU in Geneva and former President Trump hints at diplomacy. Meanwhile, Israeli strikes reportedly targeted missile sites and Iran’s nuclear research facilities overnight.
Weekly corn export sales totaled 35.6 mb for 2024/25 and 6.1 mb for 2025/26. Shipments reached 68.7 mb — well above the 44.5 mb weekly pace needed to meet USDA’s 2.650 bb target. Total shipments now stand at 2.631 bb, up 26% year over year.
Soybeans, like corn, are trading near unchanged at midday.
Weekly soybean sales totaled 19.8 mb for 2024/25 and 2.8 mb for 2025/26. Shipments reached 14.9 mb — above the 13.2 mb weekly pace needed to meet USDA’s 1.850 bb target. Total shipments now stand at 1.805 bb, up 11% from a year ago.
Chinese customs data show a record May soybean import total of 13.9 MMT. Brazil supplied 12.1 MMT — up nearly 38% from last year — while U.S. shipments totaled just 1.63 MMT amid ongoing tariff headwinds.
Wheat futures are trading slightly higher at midday Friday.
Weekly export sales came in at 15.7 mb for 2025/26. Shipments totaled 13.4 mb, falling short of the 15.6 mb weekly pace needed to reach USDA’s 825 mb target. Total wheat commitments now stand at 233 mb, up 17% from a year ago.
Traders continue to monitor heightened tensions in both the Middle East and the Black Sea region, where conflict between Russia and Ukraine remains a key geopolitical risk.
Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.
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