6-3 End of Day: Corn and Soybeans Turn Higher Tuesday
All Prices as of 2:00 pm Central Time
| Corn | ||
| JUL ’25 | 438.5 | 0.25 |
| DEC ’25 | 438.5 | 2.75 |
| DEC ’26 | 464.75 | 2.75 |
| Soybeans | ||
| JUL ’25 | 1040.75 | 7.25 |
| NOV ’25 | 1021.5 | 4.5 |
| NOV ’26 | 1040.5 | 5 |
| Chicago Wheat | ||
| JUL ’25 | 536 | -3 |
| SEP ’25 | 550.5 | -2.75 |
| JUL ’26 | 611 | -2.75 |
| K.C. Wheat | ||
| JUL ’25 | 536.75 | -3 |
| SEP ’25 | 550.5 | -3 |
| JUL ’26 | 608.75 | -1.25 |
| Mpls Wheat | ||
| JUL ’25 | 618 | -9.25 |
| SEP ’25 | 631.25 | -9 |
| SEP ’26 | 673.5 | -2.25 |
| S&P 500 | ||
| SEP ’25 | 6036.25 | 35.75 |
| Crude Oil | ||
| AUG ’25 | 62.46 | 0.92 |
| Gold | ||
| AUG ’25 | 3376 | -21.2 |
Grain Market Highlights
- 🌽 Corn: Corn snapped a five-day losing streak Tuesday as nearing planting completion and weaker-than-expected early crop ratings triggered short covering and modest gains.
- 🌱 Soybeans: Soybeans rebounded sharply, erasing nearly all of Monday’s losses. Support came from firmer soybean oil — lifted by rising crude prices — and renewed optimism over potential trade deals.
- 🌾 Wheat: Wheat futures closed lower across all three classes, pressured by better U.S. crop ratings and a firmer U.S. dollar.
- To see updated U.S. weather outlook maps, scroll down to the other charts/weather section.
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Corn
Action Plan: Corn
Calls
2024
No New Action
2025
No New Action
2026
No New Action
Cash
2024
No New Action
2025
No New Action
2026
No New Action
Puts
2024
No New Action
2025
No New Action
2026
No New Action
2024 Crop:
- Plan A: No active targets.
- Plan B: No active targets.
- Details:
- Sales Recs: Eight sales recommendations made to date, with an average price of 494.
- Changes:
- None.
- Continuing to hold out for potential upside volatility during the growing season before issuing the next sales recommendations.
2025 Crop:
- Plan A:
- Exit all 510 December calls @ 43-5/8 cents.
- Exit half of the December 420 puts @ 43-3/4 cents.
- Exit one-quarter of the December 420 puts if December closes at 411 or lower.
- Roll-down 510 & 550 December calls if December drops to 399.
- Plan B: No active targets.
- Details:
- Sales Recs: Seven sales recommendations have been made to date, with an average price of 461.25.
- Changes:
- None.
- Well positioned for growing season volatility, with a solid base of sales already in place. Both upside and downside targets remain active — ready to begin legging out of open options positions and to roll down call options as market conditions warrant.
2026 Crop:
- Plan A: Next cash sale at 474 vs December ‘26.
- Plan B: No active targets.
- Details:
- Sales Recs: Three sales recommendations have been made to date, with an average price of 460.
- Changes:
- None.
- Be prepared for the next sales recommendation at any time as sales need to be systematically and incrementally progressed based on the calendar throughout the growing season.
To date, Grain Market Insider has issued the following corn recommendations:
Market Notes: Corn
- The corn market broke a five-day losing streak on Tuesday as prices found some footing for the session. Planting progress is nearing completion, but softer historical crop ratings may have supported the new crop market as light buying strength triggered some short covering. The key will be follow-through strength for the rest of the week.
- As of June 1, corn planting reached 93% complete — on par with the 5-year average. Delays persist in Ohio and Kentucky due to continued wet conditions, with roughly 7.1 million acres still unplanted.
- Corn crop conditions improved slightly over last week. USDA pegged the percent good/excellent at 69% as of June 1, up 1% over last week. Corn condition ratings are down from 75% G/E from last year. Cool temperatures have been one of the biggest factors limiting the early stages of the corn crop.
- April corn used for ethanol totaled 425.8 mb, down from March’s 452.9 mb. While ethanol demand remains firm, regulatory uncertainty and growing stocks could weigh on usage going forward.
- Long range forecast going into the middle of June remains supportive of good crop development, as the corn market is looking for a bullish story to trigger a potential short covering rally. Currently the weather is a limiting factor to corn prices.
Corn Futures Eye Weather Risks After May Pullback
After bouncing off the key $4.50 level in April following a bullish WASDE and a break above the 50-day moving average, corn futures faced renewed pressure through May. Rapid planting progress and lingering demand concerns dragged prices back below $4.70. So far, the $4.45–$4.50 support zone — reinforced by the 200-day moving average — has held firm. With planting nearing completion, market focus is quickly shifting to summer weather. NOAA’s extended outlook for a warmer, drier Western Corn Belt could revive risk premium and set the stage for weather-driven rallies. Resistance emerges near $4.70, with stronger resistance around the April highs at $4.90.
Corn condition percent good-excellent (red) versus the 5-year average (green) and last year (pink).
Soybeans
Action Plan: Soybeans
Calls
2024
No New Action
2025
No New Action
2026
No New Action
Cash
2024
No New Action
2025
New Alert
Sell NOV ’25 Cash
2026
No New Action
Puts
2024
No New Action
2025
No New Action
2026
No New Action
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.
- Changes:
- None.
- No Changes (for Now): While there are no adjustments at the moment, Monday’s close below 1036 support could prompt a revision to Plan A in the near future. Stay alert for potential updates.
2025 Crop:
- NEW ACTION – Sell another portion of your 2025 soybean crop today. The November contract closed below key 1018.50 support yesterday, triggering Grain Market Insider’s Plan B strategy, which recommends selling a second portion of your 2025 soybean crop today. Bigger picture, the soybean market continues to trade within a broader range — roughly 1060 on the topside and 960 on the bottom. Yesterday’s break of support shifts the short-term trend within this sideways range to down, increasing the risk of a move back toward 960.
- Plan A:
- No active sales targets.
- Exit one-third of 1100 call options at 1085 vs November.
- Exit remaining two-thirds of 1100 November call options at 88 cents.
- Plan B:
- Make a cash sale if November closes below 1018.50 support (HIT 6/2).
- Details:
- Sales Recs: Now two sales recommendations made to date, with an average price of 1040.25.
- Changes:
- Target Cancelled: The Plan A upside sales target at 1114 has been cancelled following Monday’s break of 1018.50 support.
- Heads Up: A recommendation to buy another tranche of January put options is likely coming on Thursday of this week, based on calendar and seasonal timing considerations.
2026 Crop:
- Plan A: No active targets.
- Plan B: No active targets.
- Details:
- Sales Recs: Zero sales recommendations made so far to date.
- Changes:
- None.
- We’re now in the seasonal window where first sales targets for next year’s crop could post at any time. Stay tuned.
To date, Grain Market Insider has issued the following soybean recommendations:
Market Notes: Soybeans
- Soybeans ended the day higher and took back nearly all of yesterday’s losses thanks to gains in soybean oil along with positive sentiment that trade deals with a number of countries are in the works and should lead to improved demand. Soybean meal was mixed with gains in the front months and losses in deferred months while soybean oil led the complex higher following crude oil.
- USDA rated 67% of the crop good to excellent — slightly below expectations. Planting reached 84% vs. 77% last year, with 63% emerged.
- U.S.–China tensions remain in focus as Presidents Trump and Xi are expected to speak this week. With South America dominating recent Chinese purchases, a fall trade window hinges on resolution.
- April soybean crush hit a record 202.4 mb, up 14% from last year. Year-to-date crush is running 6% above 2023.
Soybean Futures Remain Range-Bound into June
Soybean futures tumbled below the key $10.00 mark in early April on tariff-related headlines, triggering technical selling after breaking the March low. However, the decline was short-lived as buyers stepped in, lifting prices back above $10.00 and reclaiming key moving averages, including a clean break above the 200-day moving average — a level that now serves as solid support. With no fresh bullish catalyst and favorable weather weighing on sentiment, futures remain range-bound. The 200-day should continue to offer support, while resistance holds near the May high of $10.82.
Soybeans condition percent good-excellent (red) versus the 5-year average (green) and last year (pink).
Wheat
Market Notes: Wheat
- After trading both sides of neutral, wheat closed lower across all three classes, pressured by better crop ratings, a firming of the U.S. Dollar, and a lower close for Paris milling wheat futures. In addition, the extended forecast has the potential for rains in some of the dry areas of China and the Black Sea.
- USDA reported winter wheat at 52% good/excellent (+2%) with 83% headed and 3% harvested — both in line with average. Spring wheat is 95% planted and 50% G/E (+5%).
- Widespread rains (1–3”) are forecast across the Midwest this week, with heavier totals in the southern U.S., which may delay harvest and impact quality.
- Moroccan wheat imports between June 1, 2024, and the end of May 2025 totaled 6.05 mmt. This is up 9.4% from the previous 5.53 mmt in the previous 12 months. Soft wheat imports accounted for the majority of that total at 4.97 mmt, while durum made up the remainder at 1.08 mmt.
Action Plan: Chicago Wheat
Calls
2024
No New Action
2025
No New Action
2026
No New Action
Cash
2024
No New Action
2025
No New Action
2026
No New Action
Puts
2024
No New Action
2025
No New Action
2026
No New Action
2024 Crop:
- Plan A:
- Target 699.25 vs 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.
- Changes:
- None.
2025 Crop:
- Plan A:
- Target 693.75 against July for the next sale.
- Plan B:
- Buy call options if July closes over 633.50 macro resistance.
- Details:
- Sales Recs: Five sales recommendations made to date, with an average price of 646.
- Changes:
- None.
2026 Crop:
- Plan A:
- Target 675 vs July ‘26 for the next sale.
- Plan B: No active targets.
- Details:
- Sales Recs: One sales recommendation made to date, at 624.
- Changes:
- None.
To date, Grain Market Insider has issued the following Chicago Wheat recommendations:
Chicago Wheat Potentially Finds Support
After months of range-bound trade, Chicago wheat futures broke out in February, reaching October highs above $6.15 before quickly retreating back into their 2024 range. By mid-May, prices slipped below key support near $5.30 but have since stabilized around $5.20. The next major resistance is the 200-day moving average — a firm weekly close above it could signal a trend reversal and open the door to broader gains.
Action Plan: KC Wheat
Calls
2024
No New Action
2025
No New Action
2026
No New Action
Cash
2024
No New Action
2025
No New Action
2026
No New Action
Puts
2024
No New Action
2025
No New Action
2026
No New Action
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.
- Changes:
- None.
2025 Crop:
- Plan A: No active targets.
- Plan B:
- Buy call options if July closes over 653 macro resistance.
- Details:
- Sales Recs: Four sales recommendations made to date, with an average price of 639.
- Changes:
- None.
2026 Crop:
- Plan A: No active targets.
- Plan B: No active targets.
- Details:
- Sales Recs: Zero sales recommendations made so far to date.
- Changes:
- None.
- The first sales targets could post this week — keep checking back for updates.
To date, Grain Market Insider has issued the following KC recommendations:
Kansas City Wheat Finds Support
With ample spring moisture across the Plains and sluggish demand, wheat futures have lacked bullish momentum, recently touching multi-year lows near $5.00 in early May—a level that has since held. A recovery above $5.40 would suggest a potential bottom is in place. On a rebound, the 200-day moving average marks initial resistance, with a stronger ceiling at the February highs near $6.40.
Winter wheat condition percentage good-excellent (red) versus the 5-year average (green) and last year (purple)
Action Plan: Mpls Wheat
Calls
2024
No New Action
2025
No New Action
2026
No New Action
Cash
2024
Active
Sell JUL ’25 Cash
2025
No New Action
2026
No New Action
Puts
2024
No New Action
2025
No New Action
2026
No New Action
2024 Crop:
- CONTINUED OPPORTUNITY – Sell another portion of your 2024 Minneapolis wheat crop. This marks the sixth sale for the 2024 crop and may well be the final sales recommendation for this marketing year, as Grain Market Insider shifts focus to the 2025 and 2026 crops moving forward. Use this rally as an opportunity to consider pricing any remaining unsold bushels.
- Plan A: Sell more cash now.
- Plan B: No active targets.
- Details:
- Sales Recs: Now six sales recommendations made to date, with an average price of 684.
- Changes:
- None.
2025 Crop:
- Plan A: No active targets.
- Plan B:
- Buy KC call options if July KC closes over 653 macro resistance.
- Details:
- Sales Recs: Five sales recommendations made to date, with an average price of 646.
- Changes:
- None.
2026 Crop:
- Plan A: No active targets.
- Plan B: No active targets.
- Details:
- Changes:
- None.
- First sales targets are expected to post after July 1.
- Changes:
To date, Grain Market Insider has issued the following Minneapolis wheat recommendations:
Spring Wheat Runs Higher on Poor Conditions
Spring wheat futures broke out of a prolonged sideways trend in late January, with momentum accelerating in mid-February after a decisive close above the 200-day moving average. Although late-month weakness briefly pulled prices below key support, futures traded mostly sideways through spring. A sharp rally was triggered in late May after crop condition ratings came in at their second lowest in 40 years, sparking short covering. Prices are now back above a confluence of moving averages and nearing the top of the recent range. Key support sits just above $6.00, with the next upside target near February’s highs around $6.60.
Spring wheat condition percent good-excellent (red) versus the 5-year average (green) and last year (pink).
Other Charts / Weather
