Corn prices shift higher at midday on support from tariff delays for Mexico and Canada.
The US Census Bureau estimated January corn exports at a new record high of 243 mb.
January ethanol exports came in at 195 million gallons, up 32% from the same month last year.
Brazil’s corn exports are seen reaching 337,635 mmt during March compared to 140,561 during March 2024.
Soybean futures look to rebound at midday as the market digests the news of tariff delays for USMCA goods.
The US Census Bureau estimated January soybean exports at 191 mb, down from 219 mb in January 2024.
China’s combined soybean imports for January and February rose 4.4% to 13.61 mmt. Imports are now expected to slow down this month with the trade war starting.
Brazil’s soybean exports are seen reaching 14.8 mmt in March compared to 13.5 mmt during the same period last year. Brazil is expected to take a large share of export business away from the US as the ongoing tariff situation is still a cause for concern.
Wheat prices remain weak at midday on rainfall across key growing parts of the US and rising global production estimates.
The US Census Bureau placed January wheat exports at 49 mb, down from 55 mb in January 2024.
US winter wheat under drought conditions climbed 2% from last week to 24%. This also compares to 15% this same time last year.
The Russian Ag Ministry said they could limit wheat exports if the winter wheat crop isn’t sufficient.
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 trading continues to rise at midday, as optimism grows following a heavy-volume selloff earlier in the week. Traders are hopeful that tariffs could be eased on certain products, including corn.
Corn weekly export sales came in at 38 mb and were in line with expectations. With old crop sales at 1.951 billion, up 26% from YA vs the USDA forecast of up 7%.
Total corn commitments to Mexico have reached a record 705 million, with fulfilled shipments totaling 405 million, leaving 300 million still outstanding.
Dry conditions in Brazil are starting to attract market attention, with dry weather expected to persist over the next two weeks. While it’s not a concern now, the situation will need to be monitored closely as the dryness continues.
Soybeans continue to trade higher at midday, building on yesterday’s strength amid ongoing tariff uncertainties. Soybeans, soybean meal, and soybean oil are all posting gains.
USDA confirms the sale of 20,000 tons of U.S. soy oil for delivery to an unknown destination for the 24/25 year.
Weekly soybean exports came in at 38 mb, in line with expectations. Old crop commitments are at 1.631 billion, up 13% from YA vs the USDA forecast of up 8%.
Brazil’s soybean crop is now forecasted at 171.6 mmt, down from the previous estimate of 174 mmt, due to hot and dry weather in key growing areas. Despite the decrease, the crop is still projected to be 11% higher than the 2023/24 season.
Wheat remains higher at midday, as optimism grows that a tariff compromise for grains can be reached with Canada and Mexico.
Weekly wheat exports came in at 15 mb and were in line with expectations. Year-to-date commitments are at 746 mb, up 10% from the YA vs the USDA forecast of up 20%.
Wheat fundamentals could shift significantly depending on how the U.S. wheat crop and Black Sea crops finish. Weather conditions this month and into April will play a crucial role in crop development during this critical period.
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 turn mixed at midday, remaining under pressure following last week’s USDA report showing nearly a 4% increase in U.S. corn planting estimates and ongoing tariff concerns.
The corn market remains volatile as tariff negotiations persist, but there is some relief following comments from the Commerce Secretary suggesting that tariffs with Mexico and Canada could be eased.
President Trump and the Mexican President have a call scheduled for tomorrow to discuss tariffs. If the corn tariff on Mexico is lifted, it could lead to a rebound in the corn market after a period of significant weakness in the last few trading sessions.
The average daily ethanol production for the week ending February 28th averaged 1.093 million barrels. It is estimated that the amount of corn used for this week’s ethanol production was 110.28 million bushels.
Soybean prices continue higher at midday following remarks from the U.S. Commerce Secretary suggesting that tariffs could be eased with Canada and Mexico. Soybeans and soybean meal are seeing gains, while soybean oil is trading lower.
USDA confirms 20,000 tons of soy oil to unknown destinations for the 24/25 year.
China purchased several cargo loads of Brazilian soybeans yesterday, while the U.S. Gulf basis is falling due to a lack of Chinese demand for U.S. soybeans.
Dr. Cordonnier kept the South American soybean estimate unchanged, as dry conditions persist in Brazil and northern Argentina. Central Argentina is forecast to receive heavy rains over the next five days, with potential flooding in some areas, though drier weather is expected to return once the rain passes.
Wheat prices continue to trade higher at midday, supported by a weaker U.S. dollar and the potential easing of tariffs, which is encouraging buying.
USDA confirms the U.S. export sale of 130,000 tons of wheat to South Korea for the 24/25 year.
LSEG kept their Russian production estimate unchanged at 79.6 mt but raised their EU27+UK production forecast to 139.4 mt, a 1.2% increase, as crop conditions have improved.
The U.S. Plains are expected to remain dry with moderate temperatures, while the Black Sea region is also forecast to stay dry. Wheat conditions in these areas are not expected to change at this time.
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 fall at midday on pressure from the implementation of tariffs.
China announced a 15% tariff on U.S. corn in retaliation of the additional 10% tariff the U.S. placed on China.
Yesterday the USDA announced a sale of 114,000 mt of corn to Mexico for delivery in 24/25.
Corn used for ethanol in January totaled 457.4 mb, down 4.6% from December but up 3.7% from January 2024.
Soybean futures continue to trade lower at midday due to the ongoing trade war.
China announced they would impose a 10% tariff on U.S. soybeans in retaliation of the U.S. tariffs on China. The country also announced they would halt soybean imports from U.S. companies, CHS, LDC, and EGT.
Soybean crush for the month of January was seen at 212.6 mb, up 9.4% from January 2024.
Wheat prices, much like the rest of the grain market, are weaker at midday. July Chicago futures look to trade lower for a seventh straight session.
U.S. winter wheat crop conditions have been updated as of March 2. Kansas and Oklahoma saw slight improvements by 4 and 1 points, respectively. Ratings were seen falling for Texas, Montana, Nebraska, and South Dakota.
Russia’s February wheat exports came in at a 1.90 mmt, which is a 5-year low for the 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 futures are lower at midday, continuing on last week’s market weakness.
If futures fail to rebound by today’s close, this would mark the seventh straight session of declines.
Favorable weather persists in South America following a weekend of beneficial rainfall. In Brazil, second-crop corn planting in Mato Grosso reached 85% completion last week, slightly ahead of the five-year average.
Soybean futures are lower at midday and on pace for their fourth consecutive day lower.
Weekend rains in Argentina provided much-needed relief, adding pressure to the market as the new week begins.
The IMEA reported soybean harvest for Mato Grosso was 82% complete as of late last week, this is five percentage points ahead of the five-year average.
Wheat futures are slightly lower at midday after last week’s massive drop in prices.
Threat of tariffs with both Mexico and Canada, set to begin on Tuesday, are continuing to weigh on futures to start the week.
A mostly warm and dry pattern is expected to be in place over both the U.S. Plains as well as the Black Sea region over the coming week.
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.
At midday, corn prices dropped as rains in South America alleviated some of the drought stress on crops, coupled with the confirmation of the tariff start date.
The corn market remains volatile and under pressure after President Trump confirmed yesterday that tariffs will not be delayed and are set to take effect on March 4. Traders, however, remain skeptical about the implementation date, as negotiations are ongoing through the weekend.
The Outlook Forum kept ethanol projections unchanged for the 2025/2026 season, while lowering exports by 50 million bushels. U.S. corn plantings are expected to increase by 3.8%, reaching 94 million acres in 2025, compared to 90.6 million acres in 2024.
Argentina’s corn harvest has started and is 5.4% complete. Crop conditions improved by 3% last week, with 21% of the corn now rated as good/excellent.
Soybeans turned lower at midday across the entire soy complex as the market remains under pressure from tariff concerns and expectations of a record crop in Brazil.
USDA confirms the sale of 20,000 tons of US soy oil for delivery to unknown destinations in the 24/25 year.
Brazilian soybean prices are significantly lower than those in the U.S., with newly harvested beans now available. China continues to cancel previously purchased U.S. beans in favor of the cheaper South American supply.
Argentina’s soybean crop conditions rose 7% last week to 24% of the crop now good/excellent as weather conditions improve in the area.
Wheat trades lower at midday as global supply increases and export challenges are expected to persist.
Wheat exports are projected at 850 mb for the 2025/2026 marketing year, unchanged from the current year. The U.S. is expected to face competition from other wheat suppliers, including Russia. USDA’s Chief Economist noted that the U.S. is likely to continue experiencing export challenges in the 2025/2026 year.
Weather in the eastern Corn Belt over the next five days is expected to bring increased moisture, while the western plains will remain dry. Yesterday’s drought monitor continues to show dry conditions across much of the plains, which could stress the 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.
Corn prices continue to trade lower at midday after the USDA was seen increasing corn acres and ending stocks.
The USDA estimates that 25/26 corn acres are at 94 million, up from 90.6 million acres this season. Ending stocks are seen at 1.965 billion bushels, above trade expectations and well above the 1.540 billion bushels last season.
Weekly export sales for corn came in at the low end of trade expectations at 36 mb. Old Crop commitments total 1.916 billion bushels, up 28% from last year.
Soybeans are finding support at midday after the Outlook Forum showed soybean acres and ending stocks falling for the 25/26 season.
The USDA pegs soybean acres at 84 million for the 25/26 season which is below last season’s 87 million acres. Ending stocks are seen at 320 mb, well below the current season’s 380 mb.
Weekly export sales for soybeans totaled 15 mb, which were in line with expectations. Year-to-date commitments total 1.622 billion bushels, up 14% from a year ago.
Wheat prices are sliding lower at midday after wheat acres and ending stocks were seen increasing for the 25/26 season.
The USDA increased the all-wheat acreage number for the 25/26 season from 46.1 million acres to 47 million acres. Ending stocks were seen increasing to 826 mb, up from the current estimate of 794 mb.
Weekly export sales for wheat came in at the low end of expectations at 10 mb. Year-to-date commitments total 733 mb, up 10% from last year.
Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.
Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.
Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies.
Corn prices are trading lower at midday, still receiving pressure from increased spring planting estimates and favorable rain conditions in South America.
As the spring planting season approaches, the production outlook for the United States is becoming more optimistic. The USDA is scheduled to release its spring planting estimates on Thursday morning, with expectations pointing to a higher corn acreage forecast.
Heavy rainfall across much of Argentina has provided much-needed relief to the country’s corn crops. According to the Rosario Grains Exchange, over 3.9 inches of rain have already fallen, with more precipitation expected in the coming days.
The safrinha corn planting in Argentina has hit 65%, while the 1st crop corn harvest in Brazil’s Parana state has reached 42% complete.
Soybeans are trending lower at midday, pressured by ongoing rains in Argentina and the continued Brazil harvest. The entire soy complex is seeing losses at midday.
Dr. Cordonnier lowered his Brazil soybean estimate by 1 mt, now slightly above the USDA’s forecast at 169 mt, citing dry conditions in the southern growing regions. The estimate for Argentina remains unchanged at 48 mt.
The estimated soybean harvest in Paraná is 40% complete and continues to make progress as favorable weather conditions persist.
U.S. soybean plantings are expected to decrease by 3.1% in 2025 compared to 2024, but yields are projected to average 52.1 bpa, up from 50.7 bpa in 2024.
Wheat prices are softer at midday on increasing rainfall chances across the plains states, specifically in Kansas.
The USDA’s state condition report showed Oklahoma winter wheat conditions declining 6% to 34% good-to-excellent. Texas improved 4% to 37% good-to-excellent.
SovEcon estimates Russia’s wheat exports for February could total just 2 mmt which is down from 4.1 mmt from February 2024.
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 struggle at midday amid the proposed tariffs for Mexico and Canada which are scheduled to start on March 4.
AgRural estimates that Brazil’s safrina corn crop is 64% planted, compared to 73% planted at this time last year.
AgroConsult estimates Ukraine’s corn production could reach 30.5 mmt this year, up 17% year-over-year.
Soybean prices remain mostly weaker at midday on beneficial rainfalls slated for Brazil this week which will help to improve crop conditions.
AgRural lowered their forecast for Brazil’s soybean production from 171 mmt to 168.2 mmt.
Brazil has made a push on harvest pace which now stands at 39% complete, compared to 40% done this time last year.
Wheat prices are softer at midday on increasing rainfall chances across the plains states, specifically in Kansas.
The USDA’s state condition report showed Oklahoma winter wheat conditions declining 6% to 34% good-to-excellent. Texas improved 4% to 37% good-to-excellent.
SovEcon estimates Russia’s wheat exports for February could total just 2 mmt which is down from 4.1 mmt from February 2024.
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 lower to start the week due to improved weather conditions in Argentina and steady planting progress in Brazil.
Brazil’s second crop corn planting in Mato Grosso, the country’s largest corn-producing state, has accelerated in recent weeks after a slow start. As of Friday, planting reached 67% complete, aligning with the five-year average but still trailing last year’s pace.
May corn futures breached technical support, falling below the 20-day moving average to start the week. Corn has not recorded consecutive closes below this level since early December.
Soybean futures are lower to start the week, following the downward trend in corn and wheat futures.
A wetter forecast in Argentina for the coming week is expected to further improve crop condition ratings, which saw a slight increase last week.
AgRural has lowered its estimate for Brazil’s soybean crop to 168.2 million metric tons from last month’s 171 million, citing lower yield projections in the south. As of late last week, Brazil’s soybean harvest was 39% complete, close to the 40% recorded at this time last year.
Wheat futures are leading the grain complex lower on Monday, following the sharp decline in Paris milling wheat, which gapped lower to start the week.
Warmer temperatures in the U.S. Plains this week are likely reducing weather risk premiums in the winter wheat markets.
Despite closing lower in three of the last four trading sessions, wheat futures remain in an uptrend and continue to hold above key moving averages.
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.
