The CME and Total Farm Marketing Offices will be closed Friday, July 4, in Observance of Independence Day
All prices as of 10:30 am Central Time
Corn
SEP ’25
407.75
1.75
DEC ’25
423
1
DEC ’26
459
1.5
Soybeans
AUG ’25
1040
10.25
NOV ’25
1035.75
8.5
NOV ’26
1057.25
3.75
Chicago Wheat
SEP ’25
553.75
4.75
DEC ’25
573.25
4
JUL ’26
605.75
3.25
K.C. Wheat
SEP ’25
535.25
4
DEC ’25
558.75
4
JUL ’26
602.5
5.25
Mpls Wheat
SEP ’25
6.375
0.09
DEC ’25
6.5575
0.09
SEP ’26
6.6775
0
S&P 500
SEP ’25
6259
10.25
Crude Oil
SEP ’25
64.71
0.56
Gold
OCT ’25
3379.6
2.1
Corn futures have reversed higher at midday, supported by rising wheat futures and short covering as we drift closer to the July 4th holiday.
Weekly ethanol production fell to 316 million gallons, down from 318 million gallons the week prior, but is up 1% from the same period last year. Ethanol stocks were also down to 24.1 million barrels, which was last year’s level of 23.6 million barrels.
StoneX has raised their corn production estimate in Brazil to 136.1 mmt, up 2.1 mmt from the groups previous estimate.
Soybeans continue to trend higher at midday, supported by the soybean oil market and a recent bill that prohibits the use of biofuels made from materials outside of North America.
According to Anec, Brazil’s soy exports are seen reaching 13.93 mmt in June, up from the previous estimate of 13.83 mmt.
AmSpec Agri group reported that Malaysia’s palm oil exports increased to 1.29 mmt in June, up 0.6 mmt from May.
All three wheat contracts are now higher at midday on short covering and Black Sea war concerns.
LSEG has raised their wheat production forecast for Ukraine to 20.7 mmt, up 3% from their previous estimate.
Weakness in the dollar is also contributing to the minor rally at midday and could help keep support under prices.
Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.
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