Midday

All prices as of 10:30 am Central Time

• Corn futures are weaker, pressured by sharply lower wheat prices and rainfall throughout the Midwest.
• Monday’s Crop Progress report showed corn ratings fell 2% to 70% good-to-excellent but is up from 69% a year ago.
• AgRural reported that Brazil’s safrina corn harvest is just 13% complete, well behind last year’s pace of 34% for the same time period.

• Soybean prices are weaker at midday on continued pressure from rain showers across much of the soybean growing areas.
• Yesterday’s Crop Progress report showed soybean ratings unchanged from last week at 66% good-to-excellent but is down 1% from last year.
• According to the Indonesian Palm Oil Association, Indonesia’s palm oil exports dropped to 1.78 mmt in April down from 2.88 mmt in March.

• Wheat futures are sharply lower at midday on news of a ceasefire agreement between Iran and Israel.
• Winter wheat harvest advanced to 19% complete but is down from 38% at this time last year. Winter wheat ratings fell to 49% good-to-excellent which compares to 52% the same week a year ago. HRS conditions were also seen falling 3% to 54% good-to-excellent, well behind last year’s rating of 71%.
• ASAP-Agri has lowered their Ukrainian wheat output by 3% to 21.74 mmt. The group also stated yields could fall 3.5% to 4.37 tons per hectare.

Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.

Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.

Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies. 

All prices as of 10:30 am Central Time

• Corn futures are lower to start the week, with the market testing recent contract lows amid continued pressure from favorable U.S. weather.
• Grain markets showed limited reaction following the weekend’s reported U.S. strikes on Iranian nuclear sites. However, with Iran threatening retaliation, volatility is expected to remain elevated.
• Weather across the Corn Belt remains mostly non-threatening in the wake of the weekend heat wave. Rains are forecast for much of the region this week, with the heaviest totals expected in Iowa and lighter amounts across the Eastern Corn Belt.

• Soybean futures are lower to start the week, following broader weakness across the grain complex.
• Export demand remains supportive, with U.S. soybean shipments on pace to meet USDA’s 2024/25 target. Notably, new-crop sales are running ahead of last year’s pace, even without significant Chinese participation.
• After weekend heat, rainfall is expected across much of the western Midwest this week. However, central Illinois and areas eastward are likely to stay drier than normal over the next seven days, which could begin to raise localized crop concerns if dryness persists.

• Wheat futures are trading lower to start the week, following losses in corn and soybeans amid broader pressure across the grain complex.
• Weekend developments in the Middle East have fueled a flight to safety, boosting demand for the U.S. dollar. The U.S. Dollar Index is sharply higher Monday, adding additional headwinds for U.S. wheat exports.
• Harvest activity likely advanced at a strong pace over the weekend, aided by warm, dry conditions across key U.S. growing areas. Globally, dryness remains a concern in Europe, though recent rains in Russia have helped ease drought worries there.

Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.

Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.

Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies. 

All prices as of 10:30 am Central Time

• 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.

Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.

Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies. 

The CME and Total Farm Marketing Offices will be closed Thursday, June 19, in Observance of Juneteenth

 

All prices as of 10:30 am Central Time

• Corn futures remain higher at midday, supported by strength in the wheat market and heat concerns this weekend and into early next week.
• LSEG has lowered their corn production estimate in Ukraine by 1.4% to 27.8 mmt. The group cited a lower planted area as the reason for the cut in production.
• China’s customs data shows corn imports for the month of May declined 81.6% from a year ago to 190k tons. Year-to-date corn imports are down over 93% year-over-year to 630k tons.

• Soybean prices are being lifted at midday alongside the rest of the grain market as a heatwave enters the Midwest this weekend.
• The USDA announced yesterday the sale of 120k mt of U.S. soybean meal to unknown destinations for 2025/26 delivery.
• According to Anec, Brazil’s soy exports are seen reaching 14.37 mmt in June, up from 14.08 mmt in the groups previous estimate.

• Wheat prices continue to strengthen at midday on slow harvest pace and concerns over weather threats to winter wheat areas early next week.
• LSEG has left their production estimate for Ukraine unchanged at 20.1 mmt. The group mentioned that they could trim that number later as the country faces dry weather.
• Agrimer reported that soft red wheat exports are the lowest in 28 years this season as they face stiff competition from the Black Sea region.
• Russia’s export duty on wheat fell 13.3% from last week to 566 rubles per mt. The new rates are reported to remain in effect until June 24.

Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.

Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.

Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies. 

The CME and Total Farm Marketing Offices will be closed Thursday, June 19, in Observance of Juneteenth

 

All prices as of 10:30 am Central Time

• Corn futures are relatively flat from earlier price action at midday. July and December contracts continue to hang below the $4.40 level as weather forecasts lean favorable for growing conditions.
• Monday’s Crop Progress report showed corn planting in the US is now complete. Crop conditions improved by 1% to 72% good-to-excellent.
• Global corn supply is estimated to be greater as favorable weather is leading to sufficient growing conditions. However, with lower beginning stocks and higher consumption, world supply for 2025/26 corn is still seen as tight.

• Soybeans have reversed higher at midday on support from the rest of the soy-complex and declining crop conditions.
• Yesterday’s Crop Progress report showed soybean planting in the US at 93% done, up from 92% last year and the 5-year average of 84%. Ratings were seen slipping 2% to 66% good-to-excellent.
• May NOPA crush was a record for the month at 192.83 mb but was still below the average trade estimates.

• Chicago and HRW futures are higher at midday, supported by global production cuts and falling crop conditions.
• Winter wheat ratings were seen falling 2% to 52% good-to-excellent in yesterday’s Crop Progress report. Winter wheat harvest is seen at 10% complete. Spring wheat improved 4% to 57% good-to-excellent.
• Winter rapeseed harvest in France is seen reaching 4.2 mmt, which if realized would be 9.4% higher than last year.

Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.

Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.

Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies. 

All prices as of 10:30 am Central Time

• Corn futures are lower to start the week, with July leading the decline as a continued non-threatening weather forecast weighs on the market.
• Crude oil futures reversed lower after early gains, as traders grow confident the Israel-Iran conflict will remain contained.
• Brazil’s safrinha corn harvest is 5.5% complete, well behind last year’s pace of 14% for the same week.

• Soybean futures are mixed this morning, supported by a sharp rally in soybean oil.
• Soybean oil futures gapped higher to start the week following Friday’s EPA announcement of significantly higher biofuel blending mandates over the next two years.
• NOPA crush data due later today is expected to show a record-high May crush of 193.5 mb, nearly 10 mb above May 2024.

• Wheat futures are lower across the board to start the week as harvest gains momentum across the U.S. Plains.
• This afternoon’s crop progress report may reflect expanding dryness in areas like Montana and Idaho, though recent rains elsewhere could offset declines and keep national ratings roughly steady.
• If tensions escalate in the Middle East or Black Sea region, traders may look to cover part of their sizable net-short position—currently estimated at over 160,000 contracts across KC and Chicago wheat.

Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.

Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.

Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies. 

All prices as of 10:30 am Central Time

• Corn edges higher, lifted by the wheat market and war tensions increasing between Israel and Iran.
• The Buenos Aires Grain Exchange left their corn production estimate for Argentina unchanged at 49 mmt, down from 51.6 mmt last year.
• Ukraine has completed corn sowing for the 2025 season. According to the farm ministry, there are an estimated 4.031 million hectares of corn sown.

• Soybeans are bouncing at midday on newfound strength related to updated biomass diesel quotas for 2025, 2026 and 2027.
• The Renewable Fuels Association released the new biomass quotas today, which now stand to be at 3.35 billion gallons for 2025, 5.61 billion gallons for 2026, and 5.86 billion gallons for 2027.
• The Buenos Aires Grain Exchange slightly raised their soybean production forecast for Argentina from 50 mm to 50.3 mmt.
• Monday will be the release of the May NOPA crush report. Average analyst guesses are at 193.519 mb, which if realized, would be up 1.7% from April and up 5.4% from May of 2024.

• All three wheat classes are higher at midday, supported by Israel attacking Iran overnight, leading to further tensions between the two countries.
• BAGE reported that wheat seeding in Argentina is now seen at 38.5% complete, up from 23.6% last week.
• The USDA reported that the Taiwan Flour Miller’s Association bought an estimated 95,450 mt of milling wheat from the U.S. yesterday.

Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.

Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.

Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies. 

All prices as of 10:30 am Central Time

• Corn futures are little changed at midday as market participants await the June WASDE report before taking action.
• Weekly corn export sales were on the low end of expectations at 30 mb. Year-to-date commitments total 2.596 billion bushels, up 26% from last year.
• Conab has raised their corn production forecast for Brazil to 128.25 mmt, up from 126.87 mmt last month.

• Soybean prices lean slightly higher at midday, but overall trade is quiet ahead of the WASDE report this morning.
• Weekly export sales for soybeans were lackluster, coming in below expectations at just 4 mb. Year-to-date commitments now total 1.790 billion bushels, up 11% from a year ago.
• Conab has raised their soybean production forecast for Brazil to 169.6 mmt, up from 168.34 mmt last month.

• Minneapolis wheat futures are the strong leg of the wheat complex at midday. Chicago and HRW are lower ahead of the June WASDE report, which is widely expected to show increases to winter wheat yields.
• Weekly export sales for wheat were poor with total sales for the week totaling less than 1 mb. Year-to-date commitments for new crop have reached 217 mb, up 22% from last year and an 8-year high.
• The Rosario Grains Exchange in Argentina has slightly lowered their estimate for the country’s wheat output from 21 mmt to 20.7 mmt.

Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.

Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.

Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies. 

All prices as of 10:30 am Central Time

• Corn futures have backed off at midday after a reversal in the wheat market and ethanol production rebounding.
• Today’s Weekly Ethanol Production report showed production totaling 329 million gallons, up from 325 million gallons the week prior. Ethanol stocks were seen dropping to 23.7 million barrels, which is the lowest level since December 2024.
• Thursday’s WASDE report is widely expected to show Brazil’s corn crop increasing by 1 to 2 mmt. However, Brazil is expected to increase domestic usage for animal feed and ethanol production which could limit export quantities.

• Soybeans have fallen at midday on expected increases to ending stocks in tomorrow’s WASDE report for both old and new crop.
• Abiove has left their soybean production estimate unchanged for Brazil at 169.7 mmt for the 2024/25 season.
• According to Anec, Brazil’s soybean exports for the month of June are seen at 14.08 mmt. This compares to 12.55 mmt just a week earlier.

• Minneapolis wheat futures remain higher at midday, while Chicago and HRW contracts have reversed lower. Weather forecasts are calling for rain next week but are not supposed to hit HRW growing areas which have seen plenty of moisture so far this season.
• EU soft wheat exports as of June 8th totaled 19.5 mmt, down 33% from the same period last year.
• China’s agricultural ministry reported that wheat harvest in the country is now at 74.7% complete as of June 10th.

Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.

Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.

Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies. 

All prices as of 10:30 am Central Time

• Corn prices are being pulled down by the wheat market as well as planting reaching the home stretch.
• Monday’s Crop Progress report showed corn planting in the U.S. has now reached 97%, up 4% from last week and in line with the 5-year average.
• According to AgRural, Brazil’s winter corn harvest is off to its slowest start since 2021, sitting at just 1.9% complete. This compares to 10% harvested in the same week last year.

• Soybeans have reversed higher at midday on optimism from trade talks between the U.S. and China yesterday.
• Yesterday’s Crop Progress report showed soybean planting at 90% complete, up from 84% last week and 2% ahead of the 5-year average.
• The Malaysia Palm Oil Board has reported that palm oil inventories in the country have increased to an eight-month high of 1.99 mmt. Production was also seen climbing 5.1% to 1.77 mmt.

• All three wheat classes continue to drift lower, pressured by global increases in total wheat output and yesterday’s crop ratings.
• Yesterday’s Crop Progress report showed Spring wheat ratings improving to 53% good-to-excellent but remain well below last year’s rating of 72% good-to-excellent. Winter wheat ratings improved 2 points from last week to 54% good-to-excellent.
• SovEcon raised their Russian wheat production forecast by 1.8 mmt to 82.8 mmt. The group cited good weather in the Southern region as the reason for the increase in production.

Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.

Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.

Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies.