Corn remains higher at midday, marking its sixth consecutive day of gains, supported in part by the EU’s announcement to pause any tariff countermeasures.
Drought conditions across U.S. corn-growing regions declined by 11 percentage points, now affecting only 28% of the area.
Argentine corn harvest was slowed down by the rain and moved to 23% completed. The Buenos Aires Exchange left production unchanged at 49 mmt while the Rosario’s exchange rose their corn production by 4 mmt to 48.5 mmt.
CONAB raised Brazil’s corn production by 2 mmt to 124.7 mmt, just below USDA’s 126 mmt.
Soybeans continue to move higher at midday, despite escalating trade tensions between the U.S. and China. Soybean oil and soybean meal are also posting gains midday Friday.
Rumors persist that China will continue purchasing large volumes of Brazilian soybeans through September, pushing Brazil’s FOB values higher and placing them at a premium of nearly 20 cents per bushel to the U.S.
The percentage of U.S. soybean-growing areas under drought dropped 11 points over the past week to just 22%, following much-needed rainfall.
USDA confirms the sale of 121,000 tons of US soybeans for delivery to unknown destinations. 55 tons is for 24/25 and the remaining 66 ton is for 25/26.
Wheat continues to push higher at midday, managing to overcome some of the bearish pressure from Thursday’s WASDE report.
Wheat futures are gaining throughout Friday’s session, supported by a weakening U.S. Dollar Index, which has dropped to its lowest level since last September.
With warm and dry conditions expected in the southwestern Plains, the extended U.S. forecast has led to some fund short-covering early Friday. At the same time, the Southern Plains hard winter wheat regions are facing extreme dryness, which could result in another drop in crop conditions.
Western Australia’s planted wheat area is expected to decline by 400,000 hectares, or 9%, while warm, dry conditions are forecast to persist in the Black Sea region through the end of April. Meanwhile, ongoing dryness in Eurasian wheat areas is also affecting winter wheat.
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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, supported by the 90-day tariff pause that went into effect at 12:01am this morning.
Weekly corn export sales were in line with trade expectations at 40 mb. Year-to-date commitments total 2.166 billion bushels, up 24.5% from last year.
Conab raises their estimate for Brazil’s total corn crop for the 2024/25 season to 124.74 mmt, up from their last estimate of 122.76 mmt.
The Rosario Grains Exchange sees Argentina’s corn crop at 48.5 mmt compared to their last forecast of 44.5 mmt.
Soybeans are firm at midday, getting support from the US pausing tariffs as well as the EU pausing tariffs on US products.
Weekly soybean export sales totaled 6 mb which was below trade expectations. Year-to-date commitments currently sit at 1.703 billion bushels, up 14% from a year ago.
Conab has raised Brazil’s 2024/25 soybean crop estimate from 167.37 mmt to 167.87 mmt.
Wheat prices have backed off at midday, pressured by anticipation that today’s WASDE report will show increases to US and world ending stocks.
Weekly wheat export sales came in at 8 mb which was in line with expectations. Year-to-date commitments total 784 mb, up 13% from last year.
IKAR sees Russia’s wheat harvest at 82.5 mmt. They also view Russia’s total grain harvest at 129.5 mmt compared to 126 mmt harvested last year.
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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.
Driven by the announcement of retaliatory tariffs from China this morning, corn trade remains mixed by midday.
Corn exports remain strong, even in the absence of purchases from China. The steady export pace suggests that the USDA may raise its export forecast once again.
Dr. Cordonnier kept his Brazil and Argentina corn estimates unchanged, noting that the southern half of Brazil’s safrinha crop will begin pollinating in late April to early May, with rainfall being critical during this period.
Ethanol production dropped to a 10-week low of 300 million gallons, down from 312 million the previous week and 3% lower than the YA. A total of 102 million bushels were used in the production process.
Soybean futures are trading mixed at midday, holding fairly steady after China’s tariff announcement. China is imposing an 84% retaliatory tariff on U.S. goods. While soybean meal prices are posting gains, soybean oil is experiencing losses.
The U.S.-China trade war presents significant challenges to the soybean market, as the U.S. is the second-largest soybean exporter and China is the world’s leading soybean importer.
Strong Chinese demand for Brazilian soybeans has pushed Brazil’s soybean premiums higher, making U.S. soybeans more competitive in the market. Additionally, the U.S. dollar is falling this morning and may be resuming its downward trend.
USDA confirms the sale of 198,000 tons of U.S. soybeans for delivery to an unknown destination for 24/25.
Wheat markets trade mixed at midday, influenced by a weakening U.S. dollar and growing weather concerns for the U.S. wheat crop, including cool temperatures, flooding, and dryness.
Wheat conditions in the U.S. are gradually deteriorating, with the area affected by drought continuing to expand.
Wheat remains largely unaffected by the tariff conflict with China, as China has made no wheat purchases this year, while Canada and Mexico continue to be exempt from tariffs.
U.S. wheat remains competitive in global markets, with soft red wheat priced lower than French wheat and hard winter wheat priced below Russian wheat.
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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 trend higher at midday, supported by countries showing interest in making tariff agreements.
Yesterday’s Crop Progress report showed corn plantings in the top 18 states at 2% complete, down 1% from last year, but in line with the 5-year average.
IMEA said that the Mato Grosso region’s corn harvest could reach 47 mmt, which is up slightly from last month’s forecast of 46.9 mmt.
Soybeans are building momentum at midday on concerns over a workers strike in Argentina which would affect the countries ports.
According to AgRural, Brazil’s soybean harvest is 87% complete compared to 78% during the same period last year.
IMEA pegs the Mato Grosso area’s soybean harvest at 50.3 mmt, up from their previous estimate of 49.6 mmt.
President Trump has announced he will place another 50% tariff on China if they do not remove their 34% retaliatory tariff.
Wheat prices remain higher at midday, getting support from a recovering macro market and weather concerns this weekend.
Yesterday’s Crop Progress report showed HRW conditions at 43% good-to-excellent, down 9% from last year. SRW conditions were seen at 63% good-to-excellent, down 5% from a year ago.
Agricultural group, Argus, leaves their Ukraine wheat production forecast unchanged from the November estimate at 23.7 mmt.
SovEcon forecasts a sharp decline in Russia’s wheat exports for March. They estimate exports will be 1.9 mmt, down from 4.8 mmt in March of 2024.
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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 starting the week unchanged to slightly higher, tracking gains in the wheat market and attempting to build on last week’s strong finish.
Corn has been relatively insulated from the market fallout triggered by the Trump administration’s higher-than-expected tariffs. With Mexico — corn’s largest export destination — exempt from the new measures and China largely absent from recent U.S. corn purchases, the immediate impact on corn trade flows appears limited. This has helped the corn market hold up better than soybeans amid broader trade uncertainty.
Excessive rainfall leading to flooding along the Ohio River Valley has delayed field work over the last week. The outlook for the next ten days looks promising however with warmer and drier than normal conditions forecast for much of the southern Corn Belt.
Soybean futures are higher to start the week, clawing back some of last week’s sharp losses despite lingering concerns over tariffs.
On Friday, China announced it would match the U.S. tariff of 34%, effectively raising the total tariff on U.S. soybeans to 49%. While the impact on old-crop soybeans is expected to be minimal — given that export sales are already at 93% of the USDA’s current estimate — the new-crop export program is likely to take a hit.
Palm oil prices dropped to a 10-week low on Monday as the market was weighed down by a sharp decline in crude oil prices. The weakness in related vegetable oils added to the pressure — China’s Dalian exchange saw bean oil futures fall nearly 4%, while Dalian palm oil dropped closer to 6%. The selloff reflects broader macroeconomic concerns and waning demand signals across the global veg oil complex.
Wheat futures are higher to start the week as weather-related uncertainty injects fresh volatility into the market. Concerns over excessive moisture in some regions and deepening drought in others are keeping traders on edge.
Massive weekend flooding likely caused significant damage to soft red winter (SRW) wheat across the Delta and southern Midwest, as widespread heavy rains stretched from Texas through Arkansas and into the Ohio Valley. The full extent of the impact will become clearer as fields begin to dry and assessments can be made in the coming days.
The forecast through the end of the month calls for warmer and drier conditions across much of the Southern Plains, which is likely to exacerbate the ongoing drought in hard red winter (HRW) wheat regions. With soil moisture already limited in key areas like western Kansas and the Texas Panhandle, crop stress is expected to increase.
Wheat appears to be the least impacted grain market amid the ongoing tariff tensions. With Mexico and Canada exempt from the latest round of U.S. tariffs — and China having made no U.S. wheat purchases this year — the export outlook remains relatively stable. Additionally, the recent sharp decline in the U.S. dollar has provided key support, making U.S. wheat more competitive on the global market.
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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 trading lower at midday, facing mild pressure following China’s announcement of retaliatory tariffs. The tariffs, while notable, have a relatively minor impact on U.S. corn prices. This is largely due to China’s imports of U.S. corn have been modest, as the country has been increasing its domestic corn production.
The tariff announcement this past Wednesday continues to affect the market, although the direct impact on corn remains limited for the time being. This is due to Mexico, a key trade partner, being exempt from the tariffs under the USMCA agreement.
The Buenos Aries Grain Exchange pegged Argentine’s crop conditions at 33% good/excellent, up 6% on the week although they did mention concerns of upcoming frosts in the center-west and southern areas over the next week. The corn harvest in Argentina is currently 20% completed.
The US corn area under drought stands at 39% but that number is shrinking as precipitation continues across the eastern and southern Midwest.
Soybeans continue to trend lower at midday across the entire soy complex, pressured by China’s announcement of tariff retaliation. This has caused May beans to drop to their lowest level since Christmas Eve, amid significant outside market pressure.
China announced at 5 am today that they will now charge a 34% tariff on all US goods starting April 10th to match President Trump’s reciprocal tariff.
China was the top buyer of US soybeans again last week, but the new 35% level will certainly end any China demand for US beans.
The US soybean area that is under drought stands at 33% but expected soil moisture replenishment is expected to continue across the eastern and southeastern bean belt.
The Buenos Aires Grain Exchange reported that wet weather has delayed the start of Argentina’s harvest, though dry conditions are expected in the near future.
Wheat prices are moving lower at midday across the entire wheat complex, as beneficial precipitation moved through the Texas Panhandle and Oklahoma overnight, with more expected over the next couple of days. This is providing relief to the drier areas.
US winter wheat under drought stands at 37% but is expected to see improvement this week with the beneficial rains.
Ukraine’s wheat exports for the marketing year so far stand at 13.2 million tons, down 7% year over year.
French SRW conditions rose 2% last week to 76% good to excellent.
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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 getting some support from the wheat market at midday as prices start to turn higher. Flooding concerns across the southern half of the Midwest and the Delta could slow planting progress down, which will be viewed as supportive for prices as well.
Weekly corn exports were in line with trade expectations at 53 mb. Year-to-date commitments total 2.135 billion bushels, up 24% from last year.
Sweeping tariffs turned the corn market bearish overnight but concerns have been limited as Mexico and Canada will still receive exemptions due to the USMCA agreement.
Soybeans remain weaker at midday after yesterday’s newly added tariffs which brings concerns over China’s import business from the US. The new levy is now up to 54% for Chinese imports which could certainly sideline business from the country for the foreseeable future.
Weekly soybean exports came in at 15 mb, which was on the low end of expectations. Year-to-date commitments total 1.696 billion bushels, up 14% from a year ago.
The USDA Attache in Mexico reported that increased demand for meal and oil could raise Mexico’s soybean imports from the US by 1%.
Wheat prices have erased double-digit losses from this morning, now trading unchanged or slightly higher at midday, supported by the dollar falling.
Weekly wheat exports totaled 16 mb, which was in line with trade expectations. Year-to-date commitments sit at 780 mb, which is up 13% from last year.
The USDA Attache in India says that total wheat production in the country for the 25/26 season could reach a record 115 mmt.
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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 markets continue to decline as traders brace for the announcement of new tariffs expected during this afternoon’s tariff ceremony.
Traders remain concerned over the ongoing uncertainty surrounding a trade deal with Mexico, the U.S.’s largest corn buyer. Should a last-minute agreement be reached between the U.S. and Mexico today, it could provide a quick boost to the corn market.
A highly active weather pattern is expected to persist through the weekend across the central, eastern, and particularly the southeastern Corn Belt, where heavy rainfall is anticipated. While this could cause significant delays in spring fieldwork and early planting, the increased soil moisture is currently seen as a more critical factor.
StoneX updated their 1st crop corn production in Brazil to 25.9 mt, down from last month of 26.53 mt and 2nd crop Safrinha was lowered to 101.62mt, down from 102.13 last month.
Ethanol production rebounded to 312.5 million gallons, up from 310 million the previous week, however this is down 1% from the YA.
Soybean prices continue to show weakness at midday as traders await the tariff announcement President Trump is expected to make today at 3 p.m. Central Time. Concerns persist, as some countries adopt a hardline stance, while others, such as Israel and Vietnam, are easing tariffs on U.S. goods. As a result, soybean and soybean meal prices continue to decline, while soybean oil sees modest gains.
StoneX updated their Brazil production of soybeans to 167.54 mt, down from their previous estimate of 168.34 last month and compared to the USDA of 169.
USDA confirms the sale of 135,000 tons of U.S. soybean meal for delivery to the Philippines in 24/25.
Early soybean planting in the U.S. is expected to be delayed as heavy rains are forecasted through the weekend in Arkansas, Kentucky, and the southern regions of Illinois and Indiana.
Wheat prices are trading mixed at midday with an improved weather outlook for the southern Plains, where soil moisture is expected to improve through the weekend. Traders continue to watch carefully as market pressure persists due to uncertainty surrounding the upcoming tariff announcement and the forecast for drier weather afterward.
The Kremlin has expressed concerns to President Trump that Russia is adhering to the moratorium on energy strikes, while Ukraine is not. In response, President Trump has voiced dissatisfaction with both sides for failing to honor the agreement.
Ukraine’s April wheat exports are expected to reach 1 million tons, down from 1.1 million in March according to the deputy minister.
The weekly wheat state condition reports from USDA are expected to begin next Monday.
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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 build momentum at midday, mostly driven by reciprocal tariffs that will go into effect tomorrow.
Weather concerns could also be adding in premium to the corn market this week. Over the next 5 days, heavy rainfall will stretch across Oklahoma, Arkansas, Illinois, Kentucky, and Indiana, increasing concerns over flooding.
Corn planting in the South is moving along rapidly. Louisiana jumped 20% to 81% complete. Texas planting progress jumped 10% from last week to 55% complete. Mississippi and Arkansas sit at 30% and 22% planted, respectively.
Soybean futures remain firm at midday, supported by yesterday’s report showing lower soybean acres in the U.S.
Agricultural Secretary, Brooke Rollins, announced that the USDA will be releasing more than $500 million to fund expansions in biofuel infrastructure across the country.
February Crush data will be released later today. Trade analysts see crush for the month at 188.7 mb. If realized, February crush would be down 11.2% from January and 2.4% from last year.
Wheat prices trend higher at midday on global production cuts and lower anticipated wheat acres.
Yesterday’s wheat conditions report showed Kansas unchanged from the week prior while Oklahoma and Texas fell 4% and 5% respectively. Nebraska improved 11% thanks to some beneficial rainfall.
Agricultural group, Argus, dropped their Russian wheat output to 80.3 mmt from 81.5 mmt in their last forecast.
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 trading lower at midday ahead of the USDA’s Prospective Plantings and Grain Stocks report, set for release at 11 a.m. CDT.
With a flood of market-moving data and the end of both the month and quarter, afternoon trade could see increased volatility.
Heavy rainfall is expected over the next week across the Ohio and southern Mississippi River valleys, likely delaying early fieldwork. Meanwhile, next week’s forecast calls for cooler but drier conditions across much of the U.S.
In Brazil, weather remains favorable for second-crop corn, with normal to above-normal moisture expected over the next two weeks. Given historically tight domestic corn stocks, weather conditions will remain a key focus in the months ahead.
Soybean futures are higher at midday ahead of the USDA’s Prospective Plantings and Grain Stocks report.
Brazil’s soybean harvest reached 81% completion late last week, ahead of last year’s pace of 73.6% for the same period.
The USDA’s Prospective Plantings report is expected to estimate soybean acreage at 83.8 million acres, down 3.3 million from last year due to weaker profitability compared to corn.
Wheat futures are slightly higher at midday Monday after hitting new contract lows late last week in both Chicago and Minneapolis.
Weak export sales and forecasts for moisture in parts of the Plains contributed to last week’s price drop.
Expectations for today’s USDA report calls for all wheat seedings at 46.48 million acres, up from 46.10 million in 2024, with quarterly stocks expected at 1.215 billion bushels, an increase from 1.087 billion last March.
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