Corn continues to trade higher at midday, supported by short covering after a streak of lower trading for both July and December futures.
Monday’s Crop Progress report showed corn planting progressed 6% from the week prior to 93% complete. This is right in line with the 5-year average and ahead of last year’s pace.
AgRural has raised their corn production estimate for Brazil from 124.8 mmt to 128.5 mmt for the 2024/25 season.
Soybeans remain firm at midday as 17% of the soybean area in the US is currently under drought. This compares to just 2% of the area under drought this time last year.
Yesterday’s Crop Progress report showed soybean planting now sits at 84% complete, up 8% from last week and 4% higher than the 5-year average.
AgRural increased their soybean production estimate for Brazil to 169 mmt, up from 167.7 mmt in their previous estimate.
All three wheat classes are now trading higher at midday on support from drought conditions across the HRS growing area.
Yesterday’s Crop Progress report showed Spring wheat planting jumping 8% to 95% complete. This compares 93% complete during the same week last year and the 5-year average of 90% planted. Winter wheat conditions were seen improving 2% to 54% good-to-excellent.
The Australian Bureau of Agriculture and Resource Economics and Sciences has projected a 10% cut to the wheat output in the country to 30.6 mmt. The group cited dry conditions as the reason for the cut.
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 higher at midday, buoyed by double-digit gains in the wheat market.
However, Brazil’s ongoing harvest and a wet forecast across the Corn Belt this week may limit upside in the near term.
Geopolitical tensions are offering some support, as Russia and Ukraine ramp up attacks ahead of peace talks in Turkey — including a Ukrainian drone strike on Russian nuclear bombers over the weekend.
Soybean futures are lower on Monday, pressured by favorable Midwest moisture and stalled U.S.–China trade negotiations.
July crush margins fell to a two-year low at $1.26 per bushel, adding to market weakness.
Analysts estimate soybean planting progress reached 85%–88% in Monday’s Crop Progress report. Initial crop condition ratings are expected between 64% and 68% good to excellent.
Despite peace talks scheduled for this week Russia and Ukraine continued to step up attacks on the other, with a weekend drone attack by Ukraine hitting Russian nuclear bombers.
Monday’s Crop Progress report is expected to show a 1–2 point improvement in winter wheat ratings, with spring wheat also likely to rebound from last week’s 45% good-to-excellent reading.
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 mixed to slightly lower at midday, with December futures on pace for their sixth consecutive lower close.
An active pattern across the Corn Belt is bringing a near-ideal mix of rain and sunshine, setting up excellent early-season conditions for the quickly planted crop as it heads into mid-June.
Corn export sales for the week ending May 22 totaled 36.1 mb for 2024-25 and 1.2 mb for 2025-26. Shipments reached 62.9 mb, well above the 45.2 mb weekly pace needed to hit USDA’s 2.6 bb target. Total commitments now stand at 2.527 bb, up 28% from a year ago.
Soybean futures are lower at midday as favorable U.S. weather and lack of new news weighs on the market.
Soybean and soybean oil futures remain rangebound as the market awaits long-delayed updates to U.S. biofuels policy, particularly the Renewable Fuel Standard’s volume obligations.
U.S. soybean meal export sales for the week ending May 22 totaled 179,000 tons for the upcoming marketing year — over three times expectations and the 8th largest combined weekly total on record.
Wheat futures are mixed at midday, with winter wheat futures lower and spring wheat futures higher.
Tuesday’s Crop Progress report showed spring wheat rated just 45% good to excellent — the lowest initial rating since 2021 and well below expectations.
India’s ag ministry estimates this year’s wheat crop at a record 117.5 MMT, up 4 MMT from last year, making imports increasingly unlikely.
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 continues to back off at midday, pressured by favorable growing conditions over the next 6-10 days.
The USDA announced that Mexico was a buyer of 104,000 tons of U.S. corn for delivery during the 2024/25 year. An additional 101,096 tons of U.S. corn were also sold to unknown destinations for delivery during the 2024/25 year as well.
The European Commission has cut their forecast for corn production from 65 mmt to 63.8 mmt.
Soybeans have reversed lower at midday on pressure from recent rainfall and a favorable weather outlook heading into June.
The U.S. trade court has ruled that many of President Trump’s global tariff policies were illegal and could have to be removed. The Trump administration has already filed a notice that they are planning to appeal the decision.
Malaysia is looking to implement the use of B30 biofuels in its transportation sector by 2030 as the country continues to increase its environmental sustainability efforts.
Wheat prices continue to trend lower at midday, pressured by overnight rains in Oklahoma and Kansas.
Sovecon has raised their Russian wheat export forecast for the 2025/26 season to 40.8 mmt, up from the groups previous estimate of 39.7 mmt.
The EU has slightly raised their total soft wheat production estimate from 126.3 mmt to 126.6 mmt.
Canada cut their wheat production estimate by 3% to 35.3 mmt due to dryness across the southern Prairies.
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 trending lower at midday, pressured by favorable growing conditions and beneficial weather outlook heading into the first part of June.
Yesterday’s Crop Progress report showed corn planting at 87% complete with 67% of the crop emerged. Initial crop ratings are seen at 68% good-to-excellent, which was below the average guess of 73%.
South Africa’s Crop Estimates Committee has lowered their corn production forecast slightly to 14.6 mmt, down 0.1% from their previous estimate.
Soybeans are seeing weakness at midday, pressured by recent rains and planting progress outpacing the 5-year average.
Yesterday’s Crop Progress report showed soybean planting has now reached 76% compared to the 5-year average of 68% at the same time. 50% of the crop has also emerged.
According to Anec, Brazil’s soy exports are now seen reaching 14.03 mmt in May compared to the group’s previous estimate of 14.52 mmt.
Wheat futures remain slightly higher entering midday as prices rebound following yesterday’s sell-off.
Yesterday’s Crop Progress report showed winter wheat conditions at 50% good-excellent, down 2 points from last week but 2 points higher from the same week last year. Spring wheat ratings are seen at 45% good-to-excellent, which was well below the average trade guess of 70%.
The EU’s soft wheat exports as of May 25th totaled 18.8 mmt, down 34% from a year ago.
Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.
Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.
Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies.
Corn prices continue to trend weaker at midday, pressured by rainfall over the weekend and lower wheat prices.
Paran and Datagro have raised their corn production forecast for Brazil to 132.7 mmt, up from their previous forecast of 131.7 mmt last month.
EU corn yields are widely expected to be higher this season due to favorable weather conditions. Yields are expected to reach 7.45 mt per hectare compared to the 5-year average of 7.09 mt per hectare.
Soybeans have reversed lower at midday on pressure from the rest of the grain market, which is also weaker at midday due to rainfall over the weekend.
Datagro has raised their soybean production estimate for Brazil to 172 mmt, up from 171.2 mmt in their previous estimate.
Soybean acreage in India is reportedly set to shrink as farmers are looking to plant more corn and sugarcane due to higher returns. Lower oilseed output could force the world’s largest importer of edible oils to increase buying from other countries.
Wheat futures continue to drift lower after heavy rains moved through the Southern Plains over the holiday weekend.
Russia hit Ukraine with missile attacks over the weekend, leading President Trump to speak up on the possibility of further sanctions if peace talks aren’t negotiated.
According to the Rosario grains exchange, Argentina could be set to see their second-best wheat harvest for the 2025/26 season due to favorable weather and soil conditions for planting.
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 Monday, May 26, in Observance of Memorial Day
All prices as of 10:30 am Central Time
Corn
JUL ’25
457.25
-5.75
DEC ’25
448.75
-4.5
DEC ’26
465.25
-2.5
Soybeans
JUL ’25
1057.25
-10.25
NOV ’25
1047.5
-7.75
NOV ’26
1049
-5.5
Chicago Wheat
JUL ’25
539.5
-5
SEP ’25
555.25
-5.25
JUL ’26
615.25
-6
K.C. Wheat
JUL ’25
534
-6
SEP ’25
549.25
-5.75
JUL ’26
611.5
-2.25
Mpls Wheat
JUL ’25
601.75
1.5
SEP ’25
615.75
1.75
SEP ’26
676.5
3
S&P 500
JUN ’25
5803
-53.75
Crude Oil
JUL ’25
61.6
0.4
Gold
AUG ’25
3381.7
58.1
Corn futures are weaker at midday on pressure from the rest of the grain market ahead of the Memorial Day weekend.
The Buenos Aires Grain Exchange reported that Argentina’s harvest now stands at 38.8% complete, up 1.6% from last week.
The International Grains Council has raised their global corn stockpile estimate from 281 mmt last month to 284 mmt this month.
Soybean futures are lower at midday on general weakness heading into the long holiday weekend.
Buenos Aires Grain Exchange reported that Argentina’s soybean harvest improved 10% from last week, now at 74.3% complete.
US soybean area under drought conditions declined 1% from the week prior to 16%. This compares to just 7% at this same time last year.
Wheat prices remain weaker at midday, pressured by profit taking going into the weekend after this week’s rally.
The Buenos Aires Grain Exchange reported that Argentina’s wheat planting has got off to a slow start due to heavy rainfalls. Planting is just at 3.4% complete, down from 13.4% at this same time last year.
According to Ukraine’s Agriculture Ministry website, the country’s wheat exports are down 14% from last year to 14.6 mmt.
Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.
Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.
Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies.
The CME and Total Farm Marketing Offices will be closed Monday, May 26, in Observance of Memorial Day
All prices as of 10:30 am Central Time
Corn
JUL ’25
463.75
2.75
DEC ’25
455.25
-0.25
DEC ’26
469
0.75
Soybeans
JUL ’25
1068.75
6
NOV ’25
1054.75
2.5
NOV ’26
1053
2.25
Chicago Wheat
JUL ’25
545
-4.25
SEP ’25
561.25
-2.5
JUL ’26
621.75
-0.5
K.C. Wheat
JUL ’25
538.5
-2
SEP ’25
553.75
-1
JUL ’26
611.75
-2
Mpls Wheat
JUL ’25
601.5
-2.75
SEP ’25
614.75
-2.25
SEP ’26
675
-3
S&P 500
JUN ’25
5857.5
-3.75
Crude Oil
JUL ’25
61.03
-0.54
Gold
AUG ’25
3318.6
-23.3
Corn futures are mostly lower at midday, pressured by recent rainfall and larger than expected South American crop.
Weekly export sales for corn came in at 56 mb, which was in line with expectations. Year-to-date commitments total 2.491 billion bushels, up 28% from last year.
According to Agroconsult, Brazil’s corn crop could be the second largest on record. The group estimates production may reach 140 mmt, which would be 9% above last year’s output.
Soybeans have reversed higher at midday, on support from potential cuts to Argentina’s crop after recent flooding.
Weekly export sales for soybeans totaled 12 mb, which was on the low end of trade expectations. Year-to-date commitments are up 13% from a year ago at 1.775 billion bushels.
Indonesia’s palm exports during the month of April were seen falling 32% from March to 1.384 mmt, according to Intertek Testing Services.
Wheat futures continue to see a slight pullback at midday after three consecutive up days in a row.
Weekly export sales for wheat were above expectations at 32 mb. Year-to-date commitments total 789 mb, up 13% from last year.
India, the second largest wheat grower in the world could see a record output this year due to favorable weather conditions during the crucial growing stage.
Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.
Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.
Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies.
Corn prices continue to trend higher at midday, supported by planting delays due to recent rainfall across the Midwest.
Ethanol production came in at 305 million gallons, which was up from 292 million gallons the prior week. Ethanol stocks fell to a 19-week low at 24.9 million barrels but are still above last year’s 24.2 million barrels for the same week.
LSEG raised their corn production estimate for Ukraine to 28.2 mmt. This was up 1% from their previous estimate.
Soybean futures continue to firm at midday, supported by a lower dollar and inability to break beneath support levels.
Anec sees Brazil’s soybean exports reaching 14.52 mmt in May, up from their previous estimate of 14.27 mmt.
EU oil seed and soymeal imports are up 11% and 13% respectively. EU vegetable imports, however, are down 24%.
Wheat futures strengthen at midday, supported by weakness in the dollar and concerns over crop conditions.
Argentina’s Economy Minister, Luis Caputo reported that Argentina will extend the deadline for export tax cuts for wheat shipments until March of 2026. The original deadline for the tax cut was set to expire on June 30, 2025.
Weather forecasts for Missouri and Southern Illinois are calling for 3 to 5 inches of rain over the next week which could help to keep some level of support for 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.
Corn futures continue to trend higher at midday, supported by a strengthening wheat market.
Yesterday’s Crop Progress report showed planting in the US jumping from 16% to 78% complete. This compares to 67% last year and the five-year average of 73% done at this time.
Despite strong demand for US corn, weather across much of the corn belt in the 6-10 forecast looks favorable for early development which could keep further upside potential limited.
Soybeans remain firm at midday on news that Argentina’s soybean crop could face “significant losses”, according to BAGE after recent storms.
Yesterday’s Crop Progress report showed planting progress improved 18% to 66% complete. This compares to 50% last year and the five-year average of 53% at this time.
Brazil’s oilseed group Abiove, has raised their soybean production forecast for the country slightly from 169.6 mmt to 169.7 mmt.
Wheat prices continue to climb at midday after yesterday’s crop progress report showed declining crop ratings.
Yesterday’s Crop Progress report showed winter wheat ratings falling 2% to 52% good-to-excellent. Spring wheat planting has now reached 82%, up from 66% the prior week and the five-year average of 65%.
The Rostov region of Russia as declared a farming emergency after recent frosts in the area effected the crop. However, Sovecon still pegs Russia’s wheat exports for May at 1.8 mmt, citing that recent frosts won’t have much of an effect on the winter 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.
