Corn prices dip at midday as traders monitor potential tariff policy changes and await the release of the USDA’s Prospective Plantings Report on March 31st.
Brazilian corn prices continue to climb, fueling ongoing rumors that Brazil may be purchasing U.S. corn. While the rising prices make this possibility more plausible, there has been no official confirmation yet.
The Buenos Aries Grain Exchange said Argentine harvest is 13.6% complete. The weather is expected to be dry for a couple more days, than rains are expected which could delay harvest.
The U.S. corn area continues to be under drought, but the drought monitor dropped 2% down to 53%, which is still up compared to 34% a year ago. Although some precipitation is expected across the eastern Corn Belt, the western part is still expected to be dry.
Soybean prices remain under pressure at midday as traders digest yesterday’s disappointing export sales report and the ongoing uncertainty surrounding tariffs. While soybean meal is seeing some gains, soybeans and soybean oil continue to trade lower.
The Buenos Aries Grain Exchange raised the Argentine soybean conditions to 29% good to excellent, up from 24% last week and 31% at this time last year. They also lowered the Argentine production number by 1 million tons to 48.6 million.
The Mato Grosso soybean harvest is now 97% complete compared to the 93% average at this time.
With U.S. tariffs still in place, China is expected to source soybeans exclusively from Brazil. However, Brazil’s exportable soybean supply may be depleted by late summer, which could create an opportunity for U.S. soybean exports to fill the gap.
U.S. soybean areas under drought dropped by 4% last week to 42%, compared to 30% a year ago.
Wheat turns mixed at midday, supported by tightening global supplies and ongoing concerns about potential weather-related damage to the winter wheat crop in the U.S.
Weather concerns continue over the health of the HRW crop in the U.S. Plains, as dryness is expected to persist for the next two weeks. The portion of the U.S. winter wheat area affected by drought increased by 7% last week, now reaching 34%, compared to 17% at this time last year.
Wheat prices continue to face pressure following yesterday’s export sales report, which showed negative old crop exports due to cancellations.
The International Grains Council lowered global wheat stocks to 259 million tons, down from 265 last month.
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.
Corn remains higher at midday, supported by strong weekly export sales announcements.
Weekly corn export sales came in at 61 mb, which was in line with trade expectations. Year-to-date commitments now total 2.048 billion bushels, up 25% from last year.
Much of the Midwest is slated to see some precipitation over the next 7-10 days but favors mostly the eastern Corn Belt.
Soybean prices remain pressured at midday by poor weekly export sales results from last week.
Weekly soybean export sales came in below expectations at 13 mb. Year-to-date commitments total 1.669 billion bushels, up 13% from a year ago.
Abiove lowered their Brazil soybean production estimate for 2025 from 171.7 mmt to 170.9 mmt. This compares to the USDA’s estimate of 169 mmt.
The USDA attaché in Beijing sees Chinese soybean imports reaching 106 mmt for 25/26.
Wheat prices remain soft at midday amid a rising dollar and potential acreage increases in the upcoming acreage report.
Weekly wheat export sales came in at 10 mb, which was below trade expectations. Year-to-date commitments total 766 mb, up 13% from last year.
Prices may find support on dips as drought conditions persist through much of the Southern Plains and Black Sea region.
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.
Corn futures remain mixed, as prices continue to face pressure due to expectations of a significant increase in planted acreage this spring, along with ongoing concerns about tariffs, as President Trump maintains an aggressive stance.
Yesterday S&P Global Commodity Insights increased its 2025 planted corn estimate for US corn to 94.3 million acres, up 800,000 acres from the previous forecast in January and up 3.7 million acres from 2024.
The Safrinha corn planting in Brazil is nearing completion, with 89.6% of the crop planted as of this week, compared to 92.3% at the same time last year and the five-year average of 90.4%. While the lack of abundant rain in recent weeks has allowed producers to make significant planting progress, additional rainfall is needed to ensure the crops continues to develop.
While corn demand has remained strong this year, China’s corn imports for January and February were the slowest in seven years, down 97% compared to the same period in 2024.
Ethanol production jumped to 325 million gallons, up from 312 million the previous week and up 5.6% from the YA.
Soybean futures turn lower at midday, continuing to face pressure from sluggish U.S. exports and expectations of a large crop from South America. Soybeans, soybean meal, and soybean oil turn lower at midday.
Heavy rains are forecast to arrive in the Pampas at the end of the week, potentially slowing the soybean harvest. However, the lack of rainfall in Brazil is allowing the harvest to progress smoothly. As of this week, Brazil’s soybean harvest is 69.8% complete, compared to 61.6% at this time last year and the five-year average of 64.9%.
Tariff negotiations continue to weigh on the soybean markets, as the lack of dialogue with China regarding trade limits any potential rallies, heightening concerns about the future of U.S. soybean demand.
U.S. soybean prices would be competitive with Brazil if not for the 10% tariff, as Brazilian soybean premiums have recently risen. To support prices, strong domestic soybean demand in the U.S. is crucial, as exports decline with a large volume of soybeans now available in Brazil.
Wheat markets remain mixed at midday, driven by ongoing weather concerns across the U.S.
Light precipitation has moved through western Kansas, but the rest of the southern Plains remain dry with very high winds. The extended forecast for the southern Plains offers little promise of rain over the next two weeks and beyond, with temperatures expected to remain above normal for the foreseeable future.
S&P Global has lowered its estimate for 2025 U.S. wheat acreage by 500,000 acres to 46.6 million, compared to the USDA’s estimate of 46.1 million.
LSEG left their Russian production estimate unchanged at 79.6 million tons vs the USDA at 81.5.
The phone call between President Trump and President Putin did not result in a ceasefire agreement; instead, they agreed to halt attacks on energy infrastructure. However, Ukraine accused Russia of attacking energy infrastructure within hours of the call. Trump and Zelensky are expected to speak today.
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.
Corn prices are soft at midday, pressured by weather forecasts which show rain for much of the Midwest over the next week.
Brazil’s government is ready to move forward with raising the ethanol blend in the country to 30%, up from 27% currently.
Corn planting in Texas is viewed as 32% complete, which is in line with last year but 1% lower than the 5-year average.
Soybean futures remain slightly higher at midday on forecasted rainfall in South America which would slow their harvest progression.
Yesterday’s NOPA crush came in at a 5-month low at 177.87 mb, down from 187.9 mb in January. Bean oil stocks hit an 8-month high of 1.503 billion bushels in February.
Indonesia is set to raise their palm oil export tax from the current 3%-7.5% to 4.5%-10% to support the mandate to increase palm oil usage in biodiesel.
President Trump hinted at the possibility that an agreement between the US and China could come in the near future which could give the soy-complex a boost.
Wheat prices remain steady at midday on support from warm and dry conditions in the US southern Plains states.
Yesterday’s weekly crop report showed US winter wheat ratings declining in both Kansas and Colorado by 4% and 7% to 48% and 60% respectively. Oklahoma and Texas good-to-excellent ratings were unchanged from the week prior at 28% and 48% respectively.
President Trump and Russia’s Putin are expected to have a phone call today about a potential ceasefire agreement.
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.
A warmer, drier forecast for Brazil through the end of the month is adding weather premium back into the corn market to start the week.
Managed money funds shed more net long positions than expected in Friday’s COT report, cutting holdings to 132,000 contracts as of last Tuesday—down sharply from over 361,000 in early February.
U.S. corn demand remains solid, with export sales running 25% ahead of last year, while both ethanol demand and production continue to outpace last year’s levels.
Soybeans are slightly lower to start the week as harvest continues to progress in both Brazil and Argentina.
Weakness in palm oil futures is adding pressure, though midday soybean oil futures are holding onto slight gains.
Despite recent weakness, soybean futures continue to find solid support around the $10 level. This psychological threshold has acted as a magnet for front-month futures since September, with prices spending very little time trading significantly above or below it.
Wheat prices are higher to start the week as warmer, drier-than-normal conditions persist across the U.S. Plains.
Strong export demand and a weaker U.S. dollar are likely encouraging fresh buying after last week’s price decline.
Traders remain cautious as reciprocal tariffs are expected to take effect in early April, adding uncertainty to trade relations.
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.
Corn prices are trading lower at midday, with yesterday’s rally fading quickly. Prices have dipped back to this week’s lows, and the market remains volatile as traders await the USDA’s Prospective Plantings report, set for release on March 31. Uncertainty surrounding tariffs continues to add pressure, keeping the market on edge.
USDA confirms the US export sales of 218,604 tons of corn for delivery to an unknown destination in 24/25.
The corn market faced additional pressure yesterday following rumors that China was set to purchase a significant volume of Brazilian corn cargoes, which is somewhat unusual for this time of year.
The U.S. and safrinha corn crops will play a crucial role in global supplies later this year, and any signs of weather-related issues could trigger significant market reactions.
Soybean prices are turning higher at midday as the Brazil harvest progresses, and concerns over U.S. spring weather remain premature. While soybean meal is trading lower, soybean oil is experiencing gains at this time.
USDA confirms the US export sales of 20,000 tons of soyoil for delivery to an unknown destination in 24/25.
Soybean market pressure has returned following the cancellation of the oilseed workers’ strike in Argentina. The cancellation was because of government meeting earlier in the week.
U.S. tariffs have led to Brazilian soybean premiums rising due to strong demand from China, which has also provided some support to U.S. prices.
The Rosario Grain Exchange has reduced its outlook for Argentina’s 24/25 soybean crop, dropping its estimate to 46.5 mmt from 47.5 mmt previously.
Wheat prices are trending lower this morning across all three classes, with wheat futures pulling back after stronger-than-expected weekly export sales were released yesterday.
Some beneficial moisture is expected in the Northeast Plains and Eastern Midwest over the next week, easing weather concerns in parts of the U.S. However, the Western and Southern Plains remain dry.
The U.S. winter wheat area experiencing drought increased by 3% this week, reaching 27%, compared to 14% last year. Meanwhile, U.S. spring wheat under drought has risen to 39%.
French SRW conditions for the week remain unchanged at 74% good/excellent.
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.
Corn prices continue to bounce higher at midday after closing near the 200-day moving average yesterday. Production cuts in South America are also boosting prices today.
Weekly corn export sales totaled 38 mb which were in line with trade expectations. Year-to-date commitments sit at 1.990 billion bushels, up 25% from last year.
The Rosario Grain Exchange cut their corn production estimate for Argentina to 44.5 mmt. Well below the USDA’s current estimate of 50 mmt.
Strategie grains has raised their EU corn production estimate for 25/26 to 60 mmt, up 1.9 mmt from last season.
Soybean futures continue to trend higher at midday on support from production cuts in South America.
Weekly soybean export sales came in above expectations at 29 mb. Year-to-date commitments total 1.656 billion bushels, up 14% from a year ago.
The Rosario Grain Exchange lowered their soybean production estimate for Argentina by 1 mmt to 46.5 mmt.
Wheat prices continue to firm at midday on concerns over inland hurricanes which are expected for much of the Plains and Midwest states this weekend.
Weekly wheat export sales totaled 31 mb which was above trade expectations. Year-to-date commitments total 775 mb, up 14% from last year.
IKAR has lowered their Russian wheat export forecast from 42.5 mmt to 40 mmt.
There is yet to be a cease fire agreement between Russia and Ukraine. Recent reports state Russia has continued to advance in Ukraine before an agreement is reached.
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.
Corn futures continue to trade lower at midday as attention shifts back to weather conditions in South America and the U.S., along with ongoing discussions surrounding tariffs. This follows a neutral USDA report released yesterday regarding corn.
Global exporter stocks are at their third-lowest level on record, and Brazil’s safrinha corn crop will be crucial to the global supply situation.
Traders will remain focused on the weather in Brazil and the U.S. over the next couple of months, as favorable growing conditions will be crucial to the market and crop yields.
Ethanol production slipped to 312 million gallons, down from 321 million gallons the previous week, however this is still up 3.7% from YA. Production was below expectations, with 106 million bushels of corn used in the process.
Soybeans remain lower at midday, following the mostly neutral USDA report released yesterday. The USDA kept the U.S. balance sheet for soybeans and soybean meal unchanged, but global ending stocks were reduced more than anticipated. As a result, soybeans, soybean meal, and soybean oil are all trading lower at midday.
Soybean traders continue to monitor weather conditions for the South American harvest, U.S. spring planting, and any updates on tariffs.
The Brazil harvest is now two-thirds complete, and ANEC expects Brazil’s soybean exports for March to reach 15.45 million tons, a 4% increase from last week’s forecast. Soybean prices are expected to stay under pressure due to declining U.S. exports, as a large harvest continues to come out of South America.
Some of the pressure on the soybean market this morning may stem from expected beneficial soil-replenishing rains across parts of the U.S. over the next two weeks.
Wheat futures are trading lower at midday, continuing to feel pressure from the USDA report released yesterday, which showed ending wheat stockpiles at 260.08 MMT, up from 257.56 MMT in the February report.
U.S. weather concerns for the ongoing wheat crop are easing, as beneficial rains are expected for the eastern part of the Northern Plains, along with a lack of cold temperatures in the forecast. Moisture is crucial as the U.S. crop begins to come out dormancy.
Traders remain concerned about the Black Sea region, as dry weather persists for the ongoing wheat crop.
Canada is expected to plant 2.6% more wheat in 2025 compared to 2024, while reducing its canola acreage.
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.
Corn prices remain higher at midday ahead of the March WASDE report which is expected to show slightly lower US and world ending stocks.
China’s Ag Ministry said imports of US corn are set to decline due to the ongoing trade war between the two countries.
Coceral has lowered their EU and UK corn production estimate from 297.8 mmt in December to 296.1 mmt.
Soybeans continue to be firm at midday as no major changes are expected in today’s supply and demand report.
AgRural estimates that Brazil’s soybean harvest has now reached 61%, up from 55% at this time last year.
According to grain and oilseed export group, Capeco, soybean production in the country is expected to drop from a record 11 mmt in 2024 to 9.5 mmt this year.
Wheat prices are softer at midday on expected higher ending stocks in today’s WASDE report.
Weekly wheat ratings showed both Kansas and Texas good-to-excellent conditions dropping by 2% and 6% respectively. Oklahoma improved 11% to 46% good-to-excellent.
Canada’s wheat plantings are seen at 26.9 million acres, slightly up from 26.6 million acres in 2024.
India’s wheat production this year could be a record at 115.43 mmt according to the countries farm ministry.
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.
Corn futures are steady to higher to start the week, following last week’s strong finish.
Stronger-than-expected export and ethanol demand now halfway through the marketing year makes a slight reduction in U.S. corn carryout in tomorrow’s USDA WASDE report likely.
Managed money cut its net long position in CBOT corn futures and options by 118,000 contracts through March 4 — the second-largest weekly selloff on record — bringing the net long to approximately 220,000 contracts
Soybeans start the week lower as uncertainty around U.S. soybean demand persists.
Tomorrow’s USDA WASDE report is expected to show U.S. carryout steady to higher compared to last month. While crush demand remains strong, export demand has slowed in recent weeks.
The IMEA reported that soybean harvest in Mato Grosso was over 91% complete as of late last week. Brazilian soybean for export are about 40 cents per bushel cheaper than U.S. soybeans for export.
Wheat futures are leading the market higher to start the week, aiming for a third higher close in the last four sessions.
Much of the U.S. winter wheat crop is expected to green up this week, with above-normal temperatures in the forecast.
According to Thursday’s drought monitor, 24% of U.S. winter wheat areas are experiencing some level of drought, up from 14% a year ago.
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.
