Midday

All prices as of 10:30 am Central Time

• Corn futures are under pressure to start the week as forecasts call for an expanded planting window across the Midwest later this week.
• Monday’s USDA Crop Progress report is expected to show corn planting between 24% and 26% complete as of Sunday.
• In Argentina, the Buenos Aires Grain Exchange reported corn harvest at 30% complete, with steady crop conditions and an unchanged production estimate of 49 million metric tons.

• Soybean futures opened the week slightly lower, with soybean meal under pressure while soybean oil held modest gains.
• Traders anticipate Monday’s USDA Crop Progress report will show U.S. soybean planting between 18% and 21% complete as of Sunday. Early-week rains are expected to briefly slow planting before warmer, drier weather returns heading into the weekend.
• U.S. Agriculture Secretary Rollins suggested that several new trade deals could be announced as early as this week. However, relations with China remain uncertain, with President Trump confirming multiple conversations with President Xi Jinping but no formal trade negotiations yet underway.

• Wheat futures opened the week sharply lower, pressured by forecasts calling for continued moisture across the southern Plains over the next two weeks.
• Traders are anticipating a 1%–3% improvement in winter wheat good-to-excellent ratings in this afternoon’s USDA Crop Progress report.
• Losses in Paris milling wheat futures on Monday added additional outside pressure to the U.S. wheat market.

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 turned mixed at midday as traders reacted to growing optimism around trade and speculation that the USDA may raise its corn export projections, given the current strong pace of exports.
• Argentina is experiencing favorable weather conditions for its harvest, with progress reaching 30% completion. This week, conditions have improved by 3%, contributing to the overall positive outlook. In Brazil, weather for the safrinha crop has also improved, supporting better growth prospects for the season.
• Over the next five days, precipitation is expected to concentrate in the northern Plains, Oklahoma, Texas, and the Eastern Corn Belt. However, the 8-10 day forecast indicates a shift towards below-normal precipitation for most of the Midwest, except for the southwest Plains, which may still receive more consistent rainfall.
• Ukraine’s planting pace is 17% behind average due to cold temperatures into early May, which has been limiting process and their export pace so far this marketing year has reached 18.25 mt, down from 22.23 a year ago.

• Midday trade saw soybean markets turn mixed, despite earlier session gains driven by possible signs of a resolution between the U.S. and China regarding tariffs and trade.
• The Philippines has announced its willingness to purchase more U.S. soybeans, further fueling optimism in the market. The potential for new non-Chinese demand for U.S. soybeans remains a key driving force for the soybean market.
• The Buenos Aries Grain Exchange reported soybean conditions in Argentina are up 7% from the prior week to 43% good/excellent and the harvest pace has now reached 14.5%.

• Wheat prices are pushing higher at midday for the second consecutive day, following the Paris milling wheat contract’s lead and as the U.S. Dollar stabilizes after its recent decline.
• Early today, much-needed rain showers are moving across Oklahoma, Kansas, and Nebraska, providing essential relief and boosting soil moisture for the wheat crop.
• An area of concern is the North China Plains, where drought conditions appear to be worsening as China’s wheat crop enters the heading 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 are mixed at midday on recent rainfall across the corn belt and a drier weather forecast for early May, which will rapidly progress planting.
• Weekly export sales for corn were in line with expectations at 45 mb. Year-to-date commitments total 2.273 billion bushels, up 26% from last year.
• The Office of the United States Trade Representative has reported that there are currently more than 30 trade deals being worked on this week.

• Soybean futures continue to trade higher at midday, as many are hoping for China and the US to start negotiation talks amid 30 other countries doing the same.
• Weekly soybean export sales totaled 10 mb which were on the low end of trade expectations. Year-to-date commitments are at 1.729 billion bushels, up 13% from a year ago.
• Paraguay’s soybean production estimate for 2024/25 was increased by 5% to 10.2 mmt, due to favorable weather conditions.

• Wheat prices are seeing pressure at midday due to beneficial rainfall which is seen improving soil and crop conditions.
• Weekly export sales for wheat came in at 9 mb, in line with expectations. Year-to-date commitments total 782 mb, which is up 13% from last year.
• Egypt’s Supply Minister expects the country to import 4.5 mmt of wheat for the 2025/26 season.
• LSEG raised their 2025/26 wheat production forecast for India by 1% to 114.6 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. 

All prices as of 10:30 am Central Time

• Corn futures remain under pressure at midday, weighed down by the potential extended U.S. planting window due to ongoing weather conditions, as well as improving crop outlooks in South America.
• Beneficial rainfall across key areas of Brazil’s safrinha corn belt prompted Dr. Cordonnier to raise his Brazilian production estimate by 3 MMT to 125 million — still slightly below the USDA’s 126 MMT projection. He also increased his Argentine corn forecast by 1 MMT to 49 million, just under the USDA’s 50 MMT estimate.
• U.S. corn remains the cheapest on the global market, but strong export competition is expected to ramp up once Brazil’s safrinha harvest begins in June and July.
• Ethanol production rebounded to 304 million gallons, up from 297.5 million the previous week, marking an 8% increase year-over-year. The production process utilized 103.5 million bushels of corn, averaging 14.8 million bushels per day.

• Soybeans are trading higher at midday, supported by reports of “friendly” trade talks and tariff negotiations between President Trump and China. Strength is also seen across the soy complex, with soybean meal and soybean oil both posting gains.
• China reportedly bought up to 8 cargoes of Brazilian beans yesterday and is set to auction of 624,000 tons of beans from state reserves.
• Soybeans are getting a slight lift as producers increasingly discuss the likelihood of shifting even more acreage to corn this season, citing ongoing weather and pricing concerns. The current forecast continues to favor corn planting, potentially trimming soybean acreage further.
• The USDA reported that 8% of the U.S. soybean crop was planted as of Sunday, up 2 percentage points from the previous week and ahead of the five-year average of 5%. In the Midwest, Missouri leads with 15% of its crop planted, while Iowa follows at 11%.

• Wheat futures are lower at midday across all three classes, pressured by forecasts calling for increased rain chances in the Southern Plains, which could benefit hard red winter wheat conditions.
• Wheat is receiving some support as drought conditions persist in the Black Sea region, with China now also experiencing drought in its winter wheat areas, which could further tighten global supply.
• As drought conditions in China worsen, there is growing speculation that wheat purchases could be included in the trade deal with the U.S. if China’s domestic wheat conditions do not improve.
• Ukraine and Russian wheat production remain critical to global supplies this year. While crop conditions are holding steady, soil moisture deficits persist, and additional rainfall will be crucial to avoid potential production declines.

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 lower at midday, pressured by yesterday’s Crop Progress report which showed corn planting in the US at 12% complete, which is ahead of last year’s pace and the 5-year average.
• Yesterday’s export inspections for corn were strong, coming in at 1.703 mmt, which compares to 1.661 mmt a year ago. Top destinations were Mexico, Japan, and South Korea.
• Precipitation is expected to work its way through the Plains and Western corn belt over the next week limiting drought concerns as Spring planting progresses.

• Soybean prices continue to trade higher at midday, following the rebound in the macro market.
• Yesterday’s Crop Progress report showed soybean planting in the US at 8% complete, up 1% from a year ago and 3% higher than the 5-year average.
• China could soon start to feel the pressure of starting negotiation talks with the US as it is expected that Vietnam, Japan, and India will have trade deals done.

• Wheat prices remain lower at midday on faster planting pace and widespread moisture chances over the next week.
• Yesterday’s Crop Progress report showed spring wheat plantings at 17% complete, up 10% from last week and 5% from the 5-year average. Winter wheat ratings were seen slipping 2% to 45% good-to-excellent.
• SovEcon has raised their Russian wheat export estimate for the month of April from 1.90 mmt to 2.0 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 are holding steady at midday as the market weighs the supportive impact of a weakening U.S. Dollar against concerns over trade instability with key U.S. partners.
• Significant rainfall is forecast across Corn Belt regions west of the Mississippi River over the next seven days, while Eastern Corn Belt areas are expected to receive minimal precipitation. A warming trend is also expected, helping to prepare fields for planting.
• The U.S. Dollar Index has dropped sharply to start the week, falling to its lowest level in three years. Meanwhile, gold futures continue to surge, reaching new all-time highs above $3,400 per ounce.

• Soybean futures are trading lower at midday Monday, pressured by U.S. economic concerns, a declining equities market, and persistent technical resistance within the soybean complex.
• July soybean futures spent much of last week consolidating near the 200-day moving average, a historically significant resistance level for front-month soybeans over the past two years. Unless decisively broken, this level is expected to continue capping gains.
• Ahead of Monday afternoon’s Crop Progress report, traders anticipate soybean planting progress to range between 10% and 12%, compared to the historical average pace of 7%.

• Wheat futures are slightly lower across all three classes to start the week, despite continued weakness in the U.S. Dollar.
• Beneficial rainfall fell across much of the Plains over the weekend, with additional moisture expected in the coming days. This should support improvements in crop condition ratings in upcoming weekly progress reports.
• Despite concerns over winter dryness, Russian wheat conditions are reported to be 90% good to satisfactory. Consultancy SovEcon raised its Russian wheat production estimate by 1.1 million metric tons to 79.7 million metric tons.

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 Friday, April 18, in Observance of Good Friday

 

All prices as of 10:30 am Central Time

• Corn futures moved higher by midday, driven by weather concerns, as forecasts call for wet conditions across much of the Midwest over the next 10 days to two weeks, potentially causing planting delays.
• US Corn export sales for the week ended April 10th were 61.5 mb for 24/25. Shipments last week were 74 mb and well above the 47.6 mb needed weekly to reach 2.550 bb.
• Total corn commitments are now up 2.228 bb and up 27% over a year ago.
• Earlier this week, the Argentine government devalued the peso in an effort to encourage producers to sell, a move that is expected to place some pressure on the corn markets.
• Showers in Brazil’s southern safrinha corn regions have been disappointing so far, though rain chances are forecast into next week. Meanwhile, the drier conditions have allowed Argentina’s corn harvest to reach 28% completion.

• Soybeans continue to trade lower at midday, heading into the holiday weekend, with additional pressure from escalating tariffs on China and a lack of supportive market fundamentals. Soybeans and soybean meal are posting losses, while soybean oil is experiencing gains.
• U.S. soy exports for the week ending April 10th were 20.4 mb for 24/25 and another 6.7 mb for 25/26. Shipments were 26.5 mb and above the 12.3 mb needed weekly to reach 1.825 bb.
• Soybeans continue to trade lower at midday, heading into the holiday weekend, with additional pressure from escalating tariffs on China and a lack of supportive market fundamentals. U.S. soy exports for the week ending April 10th were 20.4 mb for 24/25 and another 6.7 mb for 25/26. Shipments were 26.5 mb and above the 12.3 mb needed weekly to reach 1.825 bb.Total soy commitments are now 1.719 bb and are up 13% from a year ago.
• Weather-related delays are expected to impact planting across the Southeast Midwest and Eastern Bean Belt, with heavy precipitation forecast from this weekend into next week.
• Tariff negotiations with China remain ongoing; however, the resilience in soybean prices indicate that market participants are pricing in the potential for a trade resolution.

• Wheat futures continue to trade higher at midday, supported by additional fund short covering ahead of the holiday weekend, alongside beneficial rains moving across the U.S.
• U.S. wheat export sales for the week ending April 10th were 2.8 mb for 24/25 and 10.1 mb for 25/26. Shipments of 17.8 mb were below the 21.8 mb needed weekly to reach 820 mb.
• Total wheat commitments are now 787 mb and are up 14% versus a year ago.
• SovEcon this morning raised Russian winter wheat production to 52.2 mt, up from their previous forecast of 50.7. Global wheat production was revised slightly higher as well, up 0.4% to 795.77 mt on higher Australian 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. 

The CME and Total Farm Marketing Offices will be Closed Friday, April 18, in Observance of Good Friday

 

All prices as of 10:30 am Central Time

• Corn futures remain firm at midday, supported by upcoming weather systems which could bring heavy rainfalls, further delaying planting progress.
• The EU and Spain have increased corn buying from the US while tariffs are paused. EU corn imports are up nearly 2 mmt from the same time last year, while Spain’s corn imports from the US are at 30-year highs.
• Ukraine’s corn production is estimated to increase 14% from last season to 27.9 mmt according to LSEG. Favorable weather forecasts for April and more corn acres are the reasons for the increase in production this season.

• Soybean prices are continuing to trade higher at midday after China announced overnight that they are ready to talk with the US about the trade war.
• Yesterday’s NOPA crush for the month of March came in at 194.551 mb, down from 196.406 mb in March of 2024, but up from 177.870 mb in February.
• Brazil is reportedly allowing COFCO, which is a China owned company, to build the world’s largest port in Santos. The port is estimated to increase the total export capacity by 10 mmt to 14.5 mmt.
• Anec has raised their Brazil soy export estimate for the month of April from 13.3 mmt to 14.5 mmt.

• Wheat futures are getting a boost at midday on a lower dollar and additional weather threats to the SRW growing areas which have already seen damage.
• The Buenos Aires Grain Exchange reported Argentina could see a record bumper wheat harvest if tax cuts get extended past June. As of now, BAGE is forecasting the second largest wheat output for the country ever.
• The Chicago Board of Trade has declared force majeure on Ohio River terminals due to flooding which has halted wheat loadouts. Additional rain could add further delays to river terminals in Ohio.

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 Friday, April 18, in Observance of Good Friday

 

All prices as of 10:30 am Central Time

• Corn futures are losing steam at midday, pressured by chances of rainfall over the next 5 days, which could bring heavy rains in the Southern corn growing areas and disrupt barge operations.
• Yesterday’s Crop Progress report showed corn plantings in the U.S. stand at just 4%, which is 2% behind last year’s pace.
• It’s been reported that Japan is expected to start negotiations with U.S. trade officials this week regarding the ongoing tariff situation.

• Weakness in soybean meal is keeping soybean prices lower at midday. Expected heavy rains across the Southern U.S. this week is also keeping pressure on futures today.
• Monday’s Crop Progress report showed soybean plantings at 2% complete, which is in line with the 5-year average but is just below last year’s pace.
• Brazil could be looking to raise their mandatory biodiesel blend to 15%, up from 14% as world veg oil prices are declining. This would lead to increased domestic usage in South America.

• Wheat remains weaker at midday, pressured by beneficial rainfalls in the key growing parts of the U.S.
• Yesterday’s Crop Progress report showed spring wheat plantings at 7% compared, up 1% from this time last year and in line with the 5-year average. Winter wheat ratings fell 1% from last week to 47% good-to-excellent.
• Pakistan forecasts lower wheat production amid dry weather conditions. Total output is seen at 28.6 mmt compared to 31.8 mmt last year.
• The dollar has fallen to its lowest level since April of 2022, which could offer some support to wheat prices, as other countries’ currencies become stronger. However, the ongoing tariff situation continues to be the main driving force affecting 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 opened the week mixed, with front-month contracts trading slightly lower, while deferred months are seeing upward momentum.
• Favorable planting weather is forecast across much of the Western Corn Belt this week. After Easter, conditions are expected to turn warmer and wetter, continuing into the end of the month.
• Second crop corn in Brazil continues to benefit from mostly favorable conditions over the next two weeks. Recent NDVI imagery shows the crop appearing greener than average, signaling strong overall plant health.

• Soybean futures are starting the week slightly higher, building on the strong finish seen last week.
• While China’s old-crop purchases remain mostly unaffected by trade tensions, concerns are rising over new-crop demand. Late last week, rumors swirled about China booking a large volume of Brazilian soybeans for delivery well into the fall—raising questions about U.S. export competitiveness later this year.
• This week will be shortened to four trading days, with markets closed Friday in observance of the Good Friday holiday.

• Wheat futures are sharply lower to start the week, pressured by forecasts calling for much-needed moisture across the dry Plains states in the coming weeks.
• The selloff comes despite a sharply weaker U.S. dollar, which has dropped to levels not seen since July 2023—typically a supportive factor for U.S. exports.
• Weather in Russia and Ukraine remains a watch point, with forecasts calling for drier and warmer conditions over the next 10 days. These key wheat-producing regions will need to be closely monitored heading into the heart of the growing season.

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

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