Midday

The CME and Total Farm Marketing Offices will be closed Friday, July 4, in Observance of Independence Day

 

All prices as of 10:30 am Central Time

• Corn futures have reversed higher at midday, supported by rising wheat futures and short covering as we drift closer to the July 4th holiday.
• Weekly ethanol production fell to 316 million gallons, down from 318 million gallons the week prior, but is up 1% from the same period last year. Ethanol stocks were also down to 24.1 million barrels, which was last year’s level of 23.6 million barrels.
• StoneX has raised their corn production estimate in Brazil to 136.1 mmt, up 2.1 mmt from the groups previous estimate.

• Soybeans continue to trend higher at midday, supported by the soybean oil market and a recent bill that prohibits the use of biofuels made from materials outside of North America.
• According to Anec, Brazil’s soy exports are seen reaching 13.93 mmt in June, up from the previous estimate of 13.83 mmt.
• AmSpec Agri group reported that Malaysia’s palm oil exports increased to 1.29 mmt in June, up 0.6 mmt from May.

• All three wheat contracts are now higher at midday on short covering and Black Sea war concerns.
• LSEG has raised their wheat production forecast for Ukraine to 20.7 mmt, up 3% from their previous estimate.
• Weakness in the dollar is also contributing to the minor rally at midday and could help keep support under 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 prices remain lower at midday, pressured by improving crop conditions and favorable weather conditions.
• Monday’s Crop Progress report showed crop conditions improving 3% to 73% good-to-excellent.
• AgRural has raised their corn production estimate for Brazil to 130.6 mmt, up 2.1 mmt from their previous forecast.

• Soybeans continue to trend weaker at midday on higher soybean stocks and bearish weather forecasts.
• Yesterday’s Crop Progress report showed soybean conditions steady at 66% good-to-excellent.
• The US and Italy are set to form a new task force in order to boost US soybean exports to Italy, Brooke Rollins announced yesterday.

• Wheat classes are mixed at midday, with Chicago and HRW contracts trading higher at midday, supported by a weaker dollar and lower harvested acres.
• Winter wheat conditions fell 1% to 48% good-to-excellent while harvest improved from 18% last week to 37% this week.
• Argus Media estimates that Ukraine wheat production is now seen at 21.9 mmt, down from the groups earlier estimate of 23.7 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 trade is quiet Monday morning as markets await the USDA Acreage and Grain Stocks reports.
• Analysts expect a slight increase in U.S. planted corn acreage, while June 1 stocks are projected to be lower than a year ago.
• Pockets of dryness are emerging east of the Mississippi River, and warmer-than-normal temperatures over the next 10 days may further stress crops in areas that have missed recent rains.

• Soybean futures are higher Monday morning ahead of the USDA report at 11 a.m., supported by news of a trade truce with China over the weekend.
• A daily flash sale of soybean meal to unknown destinations also provided an early boost.
• Trade expectations call for a slight increase in planted acreage from March intentions, while June 1 soybean stocks are projected to be near last year’s 970 million bushels.

• Wheat futures are slightly higher to start the week, supported by positive trade developments over the weekend.
• Traders are anticipating total U.S. wheat acreage to come in between 45 and 46 million acres in today’s USDA report, though more attention may be paid to stocks figures, which will represent 2024-25 beginning supplies.
• Weather remains a key factor, with storms forecast across Kansas, Nebraska, and the Dakotas likely to slow winter wheat harvest progress. The Northern Plains also experienced heavy weekend rains and tornadoes in North Dakota, adding to concerns.

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 remain higher at midday on some short covering going into the weekend after the recent drop in prices.
• Bage reported corn harvest in Argentine for the 2024/25 season has now reached 55.3%, up 5.7% from last week. The group left their production estimate of 49 mmt unchanged.
• Datagro has raised their Brazilian corn crop estimate to 134 mmt, up almost 1% from the groups previous estimate.

• Soybeans are seeing support today on short covering heading into the weekend potentially breaking a five-day losing streak.
• Bage pegs Argentine’s soybean harvest for the 2024/25 season at 98.3% complete, up 1.8% from the week prior. The group kept their production estimate unchanged at 50.3 mmt.
• Datagro raised bumped their soybean production estimate for Brazil by 1.5 mmt to 173.5 mmt.

• Chicago and Minneapolis wheat remain higher at midday along with corn and soybeans on short covering and drought conditions increasing. HRW contracts are edging slightly lower at midday.
• Winter wheat drought conditions climbed 6% to 20% under drought. HRS areas under drought also rose 3% to 25% under drought.
• Bage reported wheat planting in Argentine advanced 12.4% to 72.7% complete.

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 have reversed lower at midday as weakness in commodities is spilling over into prices.
• Weekly export sales for corn came in at 41 mb, which was in line with expectations. Year-to-date commitments now total 2.660 billion bushels, up 27% from the same week last year.
• Larger Brazilian harvest and rain showers across the US are limiting any upside potential for corn prices this week.

• Soybeans are drifting lower at midday on continued pressure from bearish weather and weaker grain prices.
• Weekly soybean export sales were in line with trade expectations at 21 mb. Year-to-date commitments total 1.818 billion bushels, which is up 11% from a year ago.
• Ukraine’s soybean harvest is seen at 6.1 mmt, down from 6.5 mmt last season. However, soy exports are seen increasing slightly from 3.4 mmt last season to 3.6 mmt this season.

• Wheat prices continue to see downside pressure as the rest of the commodity market struggles this week.
• Weekly wheat export sales came in at 9 mb, which was below trade expectations. Year-to-date commitments total 242 mb, up 8% from the same week last year.
• The US Dollar dropped to a 3-year low overnight which could bring some short-term support to wheat prices but for now futures contracts remain weaker.

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

Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.

Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies. 

All prices as of 10:30 am Central Time

• Corn futures continue to struggle at midday on bearish weather patterns and high production estimates in South America.
• Ethanol production came in at 318 million gallons, up 3.6% from the same week last year but was down from 326 million gallons last week. Ethanol stocks creeped higher to 24.4 million barrels, up from 23.4 million barrels last year.
• AgroConsult has raised their estimate for Brazil’s safrina crop after a recent survey. The group now pegs Brazil’s safrina corn crop at 123.3 mmt, up from their previous estimate of 112.9 mmt.

• Soybeans are lower at midday, pressured by a favorable weather outlook for growing conditions and lack of bullish news.
• China and Brazil are reportedly working on an agreement exclusively for soy exports to meet China’s import needs.
• According to Anec, Brazil’s soy exports are now seen reaching 14.99 mmt in June, up from the groups previous estimate of 14.36 mmt.

• Wheat prices remain weaker at midday on pressure from the rest of the grain market and geopolitical risks cooling off.
• Sovecon has raised their wheat production estimate for Russia to 83 mmt, which is now in line with the USDA’s estimate.
• Egypt reportedly bought between 300-400k mt of wheat from Russia, Ukraine and Romania over the past couple of weeks. This may create more downside pressure in wheat prices as global competition stiffens along with the ongoing tariff situation.

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 weaker, pressured by sharply lower wheat prices and rainfall throughout the Midwest.
• Monday’s Crop Progress report showed corn ratings fell 2% to 70% good-to-excellent but is up from 69% a year ago.
• AgRural reported that Brazil’s safrina corn harvest is just 13% complete, well behind last year’s pace of 34% for the same time period.

• Soybean prices are weaker at midday on continued pressure from rain showers across much of the soybean growing areas.
• Yesterday’s Crop Progress report showed soybean ratings unchanged from last week at 66% good-to-excellent but is down 1% from last year.
• According to the Indonesian Palm Oil Association, Indonesia’s palm oil exports dropped to 1.78 mmt in April down from 2.88 mmt in March.

• Wheat futures are sharply lower at midday on news of a ceasefire agreement between Iran and Israel.
• Winter wheat harvest advanced to 19% complete but is down from 38% at this time last year. Winter wheat ratings fell to 49% good-to-excellent which compares to 52% the same week a year ago. HRS conditions were also seen falling 3% to 54% good-to-excellent, well behind last year’s rating of 71%.
• ASAP-Agri has lowered their Ukrainian wheat output by 3% to 21.74 mmt. The group also stated yields could fall 3.5% to 4.37 tons per hectare.

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 lower to start the week, with the market testing recent contract lows amid continued pressure from favorable U.S. weather.
• Grain markets showed limited reaction following the weekend’s reported U.S. strikes on Iranian nuclear sites. However, with Iran threatening retaliation, volatility is expected to remain elevated.
• Weather across the Corn Belt remains mostly non-threatening in the wake of the weekend heat wave. Rains are forecast for much of the region this week, with the heaviest totals expected in Iowa and lighter amounts across the Eastern Corn Belt.

• Soybean futures are lower to start the week, following broader weakness across the grain complex.
• Export demand remains supportive, with U.S. soybean shipments on pace to meet USDA’s 2024/25 target. Notably, new-crop sales are running ahead of last year’s pace, even without significant Chinese participation.
• After weekend heat, rainfall is expected across much of the western Midwest this week. However, central Illinois and areas eastward are likely to stay drier than normal over the next seven days, which could begin to raise localized crop concerns if dryness persists.

• Wheat futures are trading lower to start the week, following losses in corn and soybeans amid broader pressure across the grain complex.
• Weekend developments in the Middle East have fueled a flight to safety, boosting demand for the U.S. dollar. The U.S. Dollar Index is sharply higher Monday, adding additional headwinds for U.S. wheat exports.
• Harvest activity likely advanced at a strong pace over the weekend, aided by warm, dry conditions across key U.S. growing areas. Globally, dryness remains a concern in Europe, though recent rains in Russia have helped ease drought worries there.

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 near unchanged at midday, with a lack of fresh headlines keeping the market rangebound.
• Geopolitical tensions remain elevated despite diplomatic overtures, as Iran prepares for peace talks with the EU in Geneva and former President Trump hints at diplomacy. Meanwhile, Israeli strikes reportedly targeted missile sites and Iran’s nuclear research facilities overnight.
• Weekly corn export sales totaled 35.6 mb for 2024/25 and 6.1 mb for 2025/26. Shipments reached 68.7 mb — well above the 44.5 mb weekly pace needed to meet USDA’s 2.650 bb target. Total shipments now stand at 2.631 bb, up 26% year over year.

• Soybeans, like corn, are trading near unchanged at midday.
• Weekly soybean sales totaled 19.8 mb for 2024/25 and 2.8 mb for 2025/26. Shipments reached 14.9 mb — above the 13.2 mb weekly pace needed to meet USDA’s 1.850 bb target. Total shipments now stand at 1.805 bb, up 11% from a year ago.
• Chinese customs data show a record May soybean import total of 13.9 MMT. Brazil supplied 12.1 MMT — up nearly 38% from last year — while U.S. shipments totaled just 1.63 MMT amid ongoing tariff headwinds.

• Wheat futures are trading slightly higher at midday Friday.
• Weekly export sales came in at 15.7 mb for 2025/26. Shipments totaled 13.4 mb, falling short of the 15.6 mb weekly pace needed to reach USDA’s 825 mb target. Total wheat commitments now stand at 233 mb, up 17% from a year ago.
• Traders continue to monitor heightened tensions in both the Middle East and the Black Sea region, where conflict between Russia and Ukraine remains a key geopolitical risk.

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 Thursday, June 19, in Observance of Juneteenth

 

All prices as of 10:30 am Central Time

• Corn futures remain higher at midday, supported by strength in the wheat market and heat concerns this weekend and into early next week.
• LSEG has lowered their corn production estimate in Ukraine by 1.4% to 27.8 mmt. The group cited a lower planted area as the reason for the cut in production.
• China’s customs data shows corn imports for the month of May declined 81.6% from a year ago to 190k tons. Year-to-date corn imports are down over 93% year-over-year to 630k tons.

• Soybean prices are being lifted at midday alongside the rest of the grain market as a heatwave enters the Midwest this weekend.
• The USDA announced yesterday the sale of 120k mt of U.S. soybean meal to unknown destinations for 2025/26 delivery.
• According to Anec, Brazil’s soy exports are seen reaching 14.37 mmt in June, up from 14.08 mmt in the groups previous estimate.

• Wheat prices continue to strengthen at midday on slow harvest pace and concerns over weather threats to winter wheat areas early next week.
• LSEG has left their production estimate for Ukraine unchanged at 20.1 mmt. The group mentioned that they could trim that number later as the country faces dry weather.
• Agrimer reported that soft red wheat exports are the lowest in 28 years this season as they face stiff competition from the Black Sea region.
• Russia’s export duty on wheat fell 13.3% from last week to 566 rubles per mt. The new rates are reported to remain in effect until June 24.

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.