Corn futures are trading near steady Monday morning, still hovering close to recent lows.
Several private analysts are projecting the 2025 U.S. corn crop above 16 billion bushels, with national yields at or above 185 bu/acre. The record national average yield remains 179.3 bu/acre set in 2024.
U.S. corn export prices out of the Gulf are roughly $10/mt cheaper than Brazilian offers for August and September shipments.
After a tough week, soybean futures are starting the first full week of August with a modest rebound.
Soybean oil futures have been under pressure lately following last week’s OPEC+ decision to raise oil production again, weighing on energy-linked commodities.
Friday’s Census Crush report showed a June soybean grind of 197 million bushels—slightly above expectations but down from May’s 204 million. End-of-June soybean oil stocks came in at 1.893 billion pounds, well above the trade estimate of 1.67 billion.
Wheat futures are trading near unchanged to start the week.
SovEcon lowered the Russian wheat production estimate by 300,000 mt to 83.3 mmt and cut Ukraine’s production by 2.8 mmt to 19.8 mmt, citing disappointing yields in southern growing regions.
Trade negotiations with countries like India and Brazil are still ongoing behind the scenes, but the broader tariff landscape remains a bearish overhang for grain markets.
Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.
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