The CME and Total Farm Marketing Offices will be closed Friday, July 4, in Observance of Independence Day

All Prices as of 2:00 pm Central Time

Corn
SEP ’25	420.25	2.25
DEC ’25	437	3.5
DEC ’26	464.5	1.5

Soybeans
AUG ’25	1055.5	2
NOV ’25	1049.25	1.25
NOV ’26	1071.5	4.25

Chicago Wheat
SEP ’25	556.75	-7.25
DEC ’25	578.25	-5.75
JUL ’26	616.25	-1.25

K.C. Wheat
SEP ’25	536	-6.25
DEC ’25	560.75	-5.25
JUL ’26	606.75	-3.25

Mpls Wheat
SEP ’25	647.25	-1.75
DEC ’25	666.75	-0.5
SEP ’26	683.75	-1.75

S&P 500
SEP ’25	6323.5	48.5

Crude Oil
SEP ’25	65.58	-0.43

Gold
OCT ’25	3366.5	-21

Grain Market Highlights

🌽 Corn: Corn futures extended gains Thursday on follow-through buying and support from firm export demand, including a flash sale to unknown destinations. Traders also trimmed short positions ahead of President Trump’s remarks in Iowa, while attention is expected to shift back to weather-driven trade post-holiday as the corn crop approaches key grain fill stages.
🌱 Soybeans: Soybeans ended higher Thursday despite favorable weather, as funds continued buying ahead of a possible trade deal announcement from President Trump. A strong export sales report and passage of the 2025 budget bill including 45Z biodiesel support added to the day’s bullish tone.
🌾 Wheat: Wheat closed lower Thursday, under pressure from winter wheat harvest activity, technical resistance, and a rebound in the U.S. Dollar Index — all of which weighed on momentum, even as corn and soybeans finished higher.
To see updated U.S. weather forecasts scroll down to the other charts/weather section.

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Corn

Action Plan: Corn

Calls

Cash

Puts

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.

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.
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.

2026 Crop:

Plan A: Target 483 vs December ‘26 for the next sale.
Plan B: No active targets.
Details:
- Sales Recs: Four sales recommendations have been made to date, with an average price of 462.
- Changes:
  - None.

To date, Grain Market Insider has issued the following corn recommendations:

Market Notes: Corn

Corn futures saw some follow-through buying on Thursday after Wednesday’s strong price action. Corn futures prices softened off session highs but managed to hold support at the end of the day. A bump in export demand and firm export sales supported the corn market during the session.
Grain markets anticipated President Trump’s remarks in Iowa on July 3. Traders have likely trimmed short positions for the prospects of some trade announcement by the President during his speech.
USDA released weekly export sales totals on Thursday morning. For the week ending June 26, US exporters reported new net sales of 532,700 MT (21 mb) for the 2024/2025 marketing year. This was down 28% from last week. For the new crop, exporters reported new net sales of 940,200 MT (37 mb) for 2025/2026 for the marketing year. For the 2024-25 marketing year, total sales have reached 2.681 BB, which is 6 mb above the USDA target of 2.675 BB for the marketing year.
The USDA announced a flash export sale of corn on Thursday. Unknown destinations purchased 150,000 MT (5.9 mb) of corn for the 2024-25 marketing year. With recent price weakness and soft US dollar, US corn has become more competitive in the export market.
After the 4th of July weekend, the market will shift back to weather for the second half of July into August. This will be a key time for grain fill in corn and soybean crops. If the weather forecast remains favorable for crops, sellers will likely step back into the market.

Corn Futures Break Lower end of Recent Range
Front-month corn futures struggled throughout June, breaking key support and leaving an unfilled chart gap following the roll to September. That gap near 430 now stands as the first upside target. On the downside, last week’s low of 404 offers initial support, with stronger support seen at 394.

Soybeans

Action Plan: Soybeans

Calls

Cash

Puts

2024 Crop:

Plan A: Next cash sale at 1107 vs August.
Plan B: No active targets.
Details:
- Sales Recs: Three sales recommendations made to date, with an average price of 1089.
- Changes:
  - None.

2025 Crop:

Plan A:
- Next cash sale at 1114 vs November.
- 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:
- No active targets.
Details:
- Sales Recs: Two sales recommendations made to date, with an average price of 1040.25.
- 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.

To date, Grain Market Insider has issued the following soybean recommendations:

Market Notes: Soybeans

Soybeans ended the day higher with the majority of gains in the front months after prices faded from earlier highs. Funds have been buyers the past two days despite good weather as they anticipate a potential trade deal announcement from President Trump. Soybean meal ended the day higher while bean oil followed crude lower.
Today’s export sales report was friendly for soybeans with the USDA reporting an increase of 17.0 million bushels for 24/25 and 8.8 mb for 25/26. This was up 15% from the previous week and up 62% from the prior 4-week average. Top buyers were unknown destinations, Egypt, and the United Kingdoms. Last week’s export shipments of 9.2 mb were below the 14.0 mb needed each week to meet USDA estimates.
Today, the House voted to pass the 2025 budget bill which included 45Z framework for biodiesel. With the 4th of July holiday tomorrow, the markets will re-open Sunday night, and we will see how the soybean oil market reacts.
For the week, July soybeans gained 28-1.2 cents at $10.56-1/4 while November soybeans gained 24-3/4 cents to $10.64-1/2. August soybean meal gained $1.80 to $277.40 while August soybean oil gained 2.07 cents to 54.55 cents.

Soybeans Retreat from Recent Highs
Soybeans failed to close above key resistance at the May high of 1082 in mid-June, keeping the broader trend sideways. A breakout above 1082 would open the door toward filling the June 2023 gap between 1161 and 1177. Soybean futures found support last week at the 200-day moving average and the bottom end of the recent range near 1030. A break below the 200-day would likely open the door to a test of the April lows near 980.

Wheat

Market Notes: Wheat

Wheat closed in the red, despite a positive finish for corn and soybeans. It appears a combination of winter wheat harvest pressure and futures running into technical resistance caused wheat to lose upward momentum today. A rebound for the US Dollar Index was also unsupportive.
The USDA reported an increase of 21.5 mb of wheat export sales for 25/26. Shipments last week at 20.3 exceeded the 15.8 mb pace needed per week to reach their 825 mb export goal. Total 25/26 export commitments have risen to 264 mb, up 4% from last year.
President Trump is expected to speak tonight in Des Moines, Iowa. Producers are hopeful that he may announce progress towards a trade deal with China. With markets closed tomorrow for the 4th of July, this could lead to a volatile trade early next week.
According to the USDA, as of July 1, an estimated 24% of the winter wheat area is experiencing drought conditions, up 4% from last week. Spring wheat areas in drought also increased 4% during that period, to 29%. Expanding dryness in the northwestern US has caused some concerns about spring wheat crop conditions.tails remain limited, broader trade optimism added support to grain markets.

Action Plan: Chicago Wheat

Calls

Cash

Puts

2025 Crop:

Plan A: No active targets.
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:
- Close below 588 support vs July ‘26 and buy put options (strikes TBD).
Details:
- Sales Recs: One sales recommendation made to date, at 624.
- Changes:
  - None.

2027 Crop:

Plan A: No active targets.
Plan B: No active targets.
Details:
- Sales Recs: Zero sales recommendations made so far to date.
- Changes:
  - None.

To date, Grain Market Insider has issued the following Chicago Wheat recommendations:

Chicago Wheat Returns to Recent Range
A sharp rally in mid-June was short lived for Chicago wheat futures. Prices have now returned back to the upper end of the range that has held prices for much of 2025. Initial support is at the June low of 522.25, with a break below that exposing further downside toward 506.25. On the upside, a weekly close above 558 could spark a test of the recent highs near 590.

Action Plan: KC Wheat

Calls

Cash

Puts

2025 Crop:

Plan A: No active targets.
Plan B:
- Buy call options if July closes over 653 macro resistance.
Details:
- Sales Recs: Five sales recommendations made to date, with an average price of 618.
- Changes:
  - None.

2026 Crop:

Plan A: Target 693 vs July ‘26 to make the first cash sale.
Plan B:
- Close below 549 support vs July ‘26 and sell more cash.
- Close below 584 support and buy July ‘26 put options (strikes TBD).
Details:
- Sales Recs: Zero sales recommendations made so far to date.
- Changes:
  - None.

2027 Crop:

Plan A: No active targets.
Plan B: No active targets.
Details:
- Sales Recs: Zero sales recommendations made so far to date.
- Changes:
  - None.

To date, Grain Market Insider has issued the following KC recommendations:

Kansas City Struggles Above Major Moving Averages
Strength in June pushed KC wheat futures to their highest level in months, testing the April highs near 580. Weakness late in June sent futures back below both the 100- and 200-day moving averages which should now act as resistance. First support should appear at the June low of 517.75.

Action Plan: Mpls Wheat

Calls

Cash

Puts

2024 Crop:

Plan A: No active targets.
Plan B: No active targets.
Details:
- Sales Recs: Six sales recommendations made to date, with an average price of 684.
- Changes:
  - There is likely to be no further guidance on the 2024 crop as focus will be fully shifting to the 2025 and 2026 crops. The 2024 wheat crops will drop off the report next week.

2025 Crop:

Plan A: No active targets.
Plan B:
- Buy KC call options if September KC closes over 653 macro resistance (strikes TBD).
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:
- Close below 584 vs July ‘26 KC and buy July KC put options (strikes TBD).
Details:
- Changes:
  - None.

To date, Grain Market Insider has issued the following Minneapolis wheat recommendations:

Spring Wheat on the Move Higher
Spring wheat futures spent nearly all of June above the upper end of the previous range and above a confluence of major moving averages. The first resistance and upside target would be the June high near 665. Key support now sits at the 200-day moving average near 607. A close below that level — and especially beneath the May low of 572.50 — would open the door to further downside risk.

Other Charts / Weather

US 5-day precipitation forecast courtesy of NOAA, Weather Prediction Center.

US 7-day precipitation forecast courtesy of NOAA, Weather Prediction Center.

US 6 to 10-day temperate outlook courtesy of NOAA.