Midday

All prices as of 10:30 am Central Time

• Corn prices continue to trend weaker at midday, pressured by rainfall over the weekend and lower wheat prices.
• Paran and Datagro have raised their corn production forecast for Brazil to 132.7 mmt, up from their previous forecast of 131.7 mmt last month.
• EU corn yields are widely expected to be higher this season due to favorable weather conditions. Yields are expected to reach 7.45 mt per hectare compared to the 5-year average of 7.09 mt per hectare.

• Soybeans have reversed lower at midday on pressure from the rest of the grain market, which is also weaker at midday due to rainfall over the weekend.
• Datagro has raised their soybean production estimate for Brazil to 172 mmt, up from 171.2 mmt in their previous estimate.
• Soybean acreage in India is reportedly set to shrink as farmers are looking to plant more corn and sugarcane due to higher returns. Lower oilseed output could force the world’s largest importer of edible oils to increase buying from other countries.

• Wheat futures continue to drift lower after heavy rains moved through the Southern Plains over the holiday weekend.
• Russia hit Ukraine with missile attacks over the weekend, leading President Trump to speak up on the possibility of further sanctions if peace talks aren’t negotiated.
• According to the Rosario grains exchange, Argentina could be set to see their second-best wheat harvest for the 2025/26 season due to favorable weather and soil conditions for planting.

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 Monday, May 26, in Observance of Memorial Day

 

All prices as of 10:30 am Central Time

• Corn futures are weaker at midday on pressure from the rest of the grain market ahead of the Memorial Day weekend.
• The Buenos Aires Grain Exchange reported that Argentina’s harvest now stands at 38.8% complete, up 1.6% from last week.
• The International Grains Council has raised their global corn stockpile estimate from 281 mmt last month to 284 mmt this month.

• Soybean futures are lower at midday on general weakness heading into the long holiday weekend.
• Buenos Aires Grain Exchange reported that Argentina’s soybean harvest improved 10% from last week, now at 74.3% complete.
• US soybean area under drought conditions declined 1% from the week prior to 16%. This compares to just 7% at this same time last year.

• Wheat prices remain weaker at midday, pressured by profit taking going into the weekend after this week’s rally.
• The Buenos Aires Grain Exchange reported that Argentina’s wheat planting has got off to a slow start due to heavy rainfalls. Planting is just at 3.4% complete, down from 13.4% at this same time last year.
• According to Ukraine’s Agriculture Ministry website, the country’s wheat exports are down 14% from last year to 14.6 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. 

The CME and Total Farm Marketing Offices will be closed Monday, May 26, in Observance of Memorial Day

 

All prices as of 10:30 am Central Time

• Corn futures are mostly lower at midday, pressured by recent rainfall and larger than expected South American crop.
• Weekly export sales for corn came in at 56 mb, which was in line with expectations. Year-to-date commitments total 2.491 billion bushels, up 28% from last year.
• According to Agroconsult, Brazil’s corn crop could be the second largest on record. The group estimates production may reach 140 mmt, which would be 9% above last year’s output.

• Soybeans have reversed higher at midday, on support from potential cuts to Argentina’s crop after recent flooding.
• Weekly export sales for soybeans totaled 12 mb, which was on the low end of trade expectations. Year-to-date commitments are up 13% from a year ago at 1.775 billion bushels.
• Indonesia’s palm exports during the month of April were seen falling 32% from March to 1.384 mmt, according to Intertek Testing Services.

• Wheat futures continue to see a slight pullback at midday after three consecutive up days in a row.
• Weekly export sales for wheat were above expectations at 32 mb. Year-to-date commitments total 789 mb, up 13% from last year.
• India, the second largest wheat grower in the world could see a record output this year due to favorable weather conditions during the crucial growing stage.

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 continue to trend higher at midday, supported by planting delays due to recent rainfall across the Midwest.
• Ethanol production came in at 305 million gallons, which was up from 292 million gallons the prior week. Ethanol stocks fell to a 19-week low at 24.9 million barrels but are still above last year’s 24.2 million barrels for the same week.
• LSEG raised their corn production estimate for Ukraine to 28.2 mmt. This was up 1% from their previous estimate.

• Soybean futures continue to firm at midday, supported by a lower dollar and inability to break beneath support levels.
• Anec sees Brazil’s soybean exports reaching 14.52 mmt in May, up from their previous estimate of 14.27 mmt.
• EU oil seed and soymeal imports are up 11% and 13% respectively. EU vegetable imports, however, are down 24%.

• Wheat futures strengthen at midday, supported by weakness in the dollar and concerns over crop conditions.
• Argentina’s Economy Minister, Luis Caputo reported that Argentina will extend the deadline for export tax cuts for wheat shipments until March of 2026. The original deadline for the tax cut was set to expire on June 30, 2025.
• Weather forecasts for Missouri and Southern Illinois are calling for 3 to 5 inches of rain over the next week which could help to keep some level of support for prices.

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 continue to trend higher at midday, supported by a strengthening wheat market.
• Yesterday’s Crop Progress report showed planting in the US jumping from 16% to 78% complete. This compares to 67% last year and the five-year average of 73% done at this time.
• Despite strong demand for US corn, weather across much of the corn belt in the 6-10 forecast looks favorable for early development which could keep further upside potential limited.

• Soybeans remain firm at midday on news that Argentina’s soybean crop could face “significant losses”, according to BAGE after recent storms.
• Yesterday’s Crop Progress report showed planting progress improved 18% to 66% complete. This compares to 50% last year and the five-year average of 53% at this time.
• Brazil’s oilseed group Abiove, has raised their soybean production forecast for the country slightly from 169.6 mmt to 169.7 mmt.

• Wheat prices continue to climb at midday after yesterday’s crop progress report showed declining crop ratings.
• Yesterday’s Crop Progress report showed winter wheat ratings falling 2% to 52% good-to-excellent. Spring wheat planting has now reached 82%, up from 66% the prior week and the five-year average of 65%.
• The Rostov region of Russia as declared a farming emergency after recent frosts in the area effected the crop. However, Sovecon still pegs Russia’s wheat exports for May at 1.8 mmt, citing that recent frosts won’t have much of an effect on the winter wheat crop.

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 higher at midday as the market tries to stabilize near recent lows.
• U.S.-China trade talks are reportedly progressing, though China’s corn imports remain underwhelming. Year-to-date imports total just 440,000 metric tons — down 95% from the same period last year, according to customs data.
• Rainfall is moving through many of the driest areas of the western Corn Belt this week, with cooler-than-normal temperatures expected to follow. The forecast remains broadly supportive of early crop development across the Midwest.

• Soybeans are slightly higher to begin the week as the market waits for developments on trade talks and EPA biofuel policy.
•  On Monday morning, USDA reported a private export sale of 145,000 metric tons of soybean cake and meal to the Philippines for 2024/2025 delivery.
• In Argentina, heavy weekend rains dropped 6 to 10 inches in key soybean regions, causing flooding and raising concerns about potential quality issues for roughly half of the unharvested crop.

• Wheat futures are rebounding Monday after hitting fresh contract lows last week.
• Last week’s pressure came in part from the Kansas Wheat Quality Council tour, which reported a bearish yield estimate of 53.7 bushels per acre — the second highest on record.
• Managed money funds have continued to pile onto the short side, pushing combined net short positions in Chicago and KC wheat to a record 204,000 contracts as of last Tuesday.

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 drifting lower at midday, pressured by rains in the forecast for much of next week across the Midwest.
• Despite the needed rainfall next week, the overall weather outllook for June-August leans warm and dry according to the NOAA.
• Conab raised their corn production estimate in Brazil by 2.2 mmt to 126.9 mmt for the 24/25 season.
• French corn is now seen at 90% complete, which is well ahead of last year’s 70% finished at this time.

• Soybeans continue to trade higher at midday, supported by drought conditions across the US soybean area. Drought conditions jumped 2% from last week to 17%, this compares to 9% of the US soybean area seeing drought conditions last year.
• BAGE reported that Argentine’s soybean harvest improved 20% last week and now sits at 65% complete.
• Yesterday’s NOPA crush was larger than anticipated at 190.226 mb and was the highest on record for the month of April.

• Wheat remains weaker at midday, pressured by beneficial rains scheduled for next week and better production prospects for Kansas.
• Estimated wheat yields in Kansas are 53 bpa, according to scouts on the Wheat Quality Council tour. Currently that estimate if realized would be the highest yield for the state since 2021.
• About 73% of the French soft wheat crop is rated as good or very good according to FranceAgriMer.

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 mixed at midday with old crop higher while new crop contracts are lower.
• Corn futures have fallen to their lowest levels since November this week, pressured by rapid planting progress and favorable early-season weather across key U.S. growing regions.
• U.S. corn export sales for the week ending May 8 totaled 66 million bushels (mb) for the 2024-25 marketing year and 20 mb for 2025-26. Shipments reached 55.6 mb, surpassing the 46.8 mb weekly pace needed to meet the USDA’s target of 2.6 billion bushels (bb).

• Soybean futures are sharply lower at midday, following a steep drop in soybean oil futures, which are limit down.
• Energy markets are under pressure after overnight reports suggested that Iran may be willing to abandon its nuclear weapons ambitions in exchange for the immediate lifting of sanctions — raising concerns about a potential surge in crude oil supply hitting the market.
• In trade news, India has reportedly expressed willingness to eliminate all tariffs on U.S. goods as a bilateral trade agreement between the two nations moves closer to completion.

• Wheat futures are slightly higher at midday, continuing to rebound from oversold conditions and firming off recent lows as the market corrects.
• On day two of the Wheat Quality Council Tour in Kansas, scouts surveyed 211 fields between Colby and Wichita, reporting an average yield of 53.3 bushels per acre (bpa). That’s 2.8 bpa higher than day one and about 10 bpa above last year’s estimate, reflecting improved crop conditions in the region.
• Northern Europe looks to be dry for the next two weeks and same story for China’s primary wheat areas, where drought has expanded.

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 edging higher at midday, supported by a recovery from oversold levels
• The July-December calendar spread has narrowed significantly, moving from a 33-cent inverse at the end of April to a 1-cent carry early this morning. Futures have been under pressure recently due to expectations of sharply increased U.S. acreage, a faster-than-normal planting pace, and improving drought conditions.
• Global corn ending stocks are projected to decline by an additional 10 million metric tons in 2025–26, despite increased production in both Brazil and the United States.

• Soybean futures are mixed at midday as traders await direction near recent highs, with weather and trade developments likely to determine the next move.
• Soybean planting in the U.S. is running well ahead of the 5-year average, with several more days of clear weather forecast before rains return to the Midwest.
• Traders remain hopeful for progress on 45Z, favoring proposals that prioritize North American feedstocks and exclude foreign used cooking oil.

• Winter wheat futures have rebounded at midday, following new contract lows reached yesterday. Support is coming from a weaker U.S. Dollar Index and value buyers entering the market at oversold levels.
• Improving global weather conditions continue to pressure wheat prices, with wetter forecasts ahead for both Ukraine and Russia in the Black Sea region.
• Wheat futures hit new contract lows again on Tuesday, with Minneapolis futures also closing at fresh contract lows.

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 remains weaker at midday as weather remains favorable for planting to continue to progress rapidly.
• Yesterday’s Crop Progress report showed corn planting jumped 22% from last week to 62% complete. This also compares to 47% done at this time last year.
• The USDA raised Brazil’s corn crop to 130 mmt, up from 126 mmt in their previous estimate.

• Soybeans continue to trade lower at midday despite yesterday’s WASDE report, which showed friendly data.
• Yesterday’s Crop Progress report showed soybean planting in the U.S. at 48% complete, compared to 30% last week and 34% done at this time a year ago.
• Despite trade negotiations between the U.S. and China to back off tariffs for 90-days, a rising dollar is keeping Brazil more competitive for export business.

• The wheat market is trying to bounce higher at midday but is still feeling pressure from a rising dollar which makes the U.S. less competitive on the world stage.
• Yesterday’s Crop Progress report showed Spring wheat planting at 66% done compared to 44% last week. Winter wheat conditions are seen at 54% good-to-excellent, which compares to 51% good-to-excellent last week.
• Weather outlook for the Plains states this week shows rainfall over the next week, which could boost conditions. However, in the Northern Plains, temperatures could reach up into the 90s followed by lows into the 30s this weekend.

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.