Open

Grain Market Insider Interactive Quote Board

• Corn is trading quietly on either side of unchanged with the September contract up 3/4 cent at $3.83-1/4 while December is unchanged at $4.06.
• The ProFarmer tour brought up disease in the crop multiple times, and farmers who are finding corn rust are reporting heavy cases of it. This could cut effected yields by 20-40%.
• Estimates for today’s export sales report see corn sales in a range between 1,000k and 2,600k tons with an average guess of 1,917k. This would compare to 2,833k last week and 1,509k a year ago at this time.

Corn Futures Show Signs of Life: With the front-month roll from September to December, corn has shown renewed strength. Prices rallied to close last week above the 50-day moving average, a constructive signal. Early this week, corn filled the post–July 4th gap near 413, with the next upside target seen at the gap near 430. On the downside, the 50-day average serves as initial support, while a break could expose the gap below 400.

• Soybeans are trading slightly lower with the September contract down 3/4 cent at $10.26-1/2 while November is unchanged at $10.47-1/2. October soybean meal is up $0.30 to $284.60 and October soybean oil is down 0.05 cents at $52.67 cents.
• So far, China has made no new crop soybean purchases from the US, sourcing mainly from Brazil. As a result, basis in various parts of North Dakota that export through the PNW have seen basis fall between 1.50 and 1.80 under futures.
• Estimates for today’s export sales report see soybean sales between 400k and 1,000k tons with an average guess of 733k. This would compare with 1,137k last week and 2,403k a year ago.

Soybeans Eye Spring Highs: Soybean futures surged in early August after USDA cut 2025 harvested area by 2.5 million acres. Prices broke through heavy resistance and key moving averages around 10.30, which now act as support on pullbacks. On the upside, the next major resistance is at the spring highs near 10.80, a level that has repeatedly capped rallies over the past year.

• Wheat is mixed to start the day with September Chicago wheat down 1-1/2 cents to $5.00-3/4 while September KC wheat is unchanged at $4.85-1/2. Minneapolis wheat is slightly higher.
• The Canadian wheat crop for 25/26 was seen rising to 35.5 mmt from previous estimates of 34.2 mmt according to Bloomberg. Canola production is seen 4.6% higher.
• Estimates for today’s export sales report see wheat sales in a range between 400k and 700k tons with an average estimate of 533k tons. This would compare to 482k last week and 498k a year ago at this time.

Chicago Wheat Holds Range: Chicago wheat’s mid-June rally was short-lived, with futures retreating back toward the upper end of their 2025 trading range. Initial support lies just above 500, the early-August low. On the upside, a weekly close above 558 would signal renewed strength and open the door for a retest of the recent highs near 590. 

KC Wheat Continues Sideways Trend: KC wheat futures rallied sharply in June, briefly testing the April highs near 580 before weakening into month-end. The pullback pushed prices below the 50-day moving average, which now stands as key resistance on any rebound. Support is first seen at the recent lows near 505, followed by secondary support at the May low around 500.

Spring Wheat Holds Below Moving Averages: Spring wheat futures faced pressure in July as crop conditions improved and weather turned favorable across key growing areas. While August has seen some support, gains remain limited. Technically, strong resistance sits just above 600 at a cluster of major moving averages, with a secondary target near 650 if momentum strengthens. On the downside, recent lows around 580 are expected to provide solid support against further weakness.

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. 

Grain Market Insider Interactive Quote Board

• Corn futures are slightly lower this morning with December futures down 3/4 of a cent at 408-3/4.
• Pro Farmer’s U.S. corn yield estimate of 182.7 bpa last week offered some support to the market, but the 97 million planted acres nationwide continues to give buyers pause.
• After a dry stretch this week, rain is expected to return to the Corn Belt after September 6. Cooler-than-normal temperatures should slow maturity and remain overall beneficial for the corn crop.

Corn Futures Show Signs of Life: With the front-month roll from September to December, corn has shown renewed strength. Prices rallied to close last week above the 50-day moving average, a constructive signal. Early this week, corn filled the post–July 4th gap near 413, with the next upside target seen at the gap near 430. On the downside, the 50-day average serves as initial support, while a break could expose the gap below 400.

• Soybeans are trading higher to start Wednesday with November soybeans up 1-3/4 cents at 1051-1/2.
• A top Chinese trade representative is set to visit Washington this week, raising hopes among soybean traders and producers that oilseed trade will be a priority. However, recent negotiations have focused more on technology and rare earth minerals than on agriculture.
• Despite U.S. soybeans being priced below Brazilian offers, rumors suggest China is already half covered or more of their needs through October—a key month when buyers typically shift purchases from Brazil to the U.S.

Soybeans Eye Spring Highs: Soybean futures surged in early August after USDA cut 2025 harvested area by 2.5 million acres. Prices broke through heavy resistance and key moving averages around 10.30, which now act as support on pullbacks. On the upside, the next major resistance is at the spring highs near 10.80, a level that has repeatedly capped rallies over the past year.

• All three wheat classes are lower to start the day Wednesday.
• December Chicago wheat futures are 4-1/2 cents lower at 527-1/4. December KC wheat futures are 4-1/4 cents lower at 513-1/2. December MIAX spring wheat futures are 2-1/2 cents lower at 587-1/4. 
• Harvest pressure continues to weigh on the wheat market, with spring wheat harvest surpassing 50% as of Sunday, according to USDA. Ample wheat supplies from Europe and Russia are also curbing global shortage concerns.

Chicago Wheat Holds Range: Chicago wheat’s mid-June rally was short-lived, with futures retreating back toward the upper end of their 2025 trading range. Initial support lies just above 500, the early-August low. On the upside, a weekly close above 558 would signal renewed strength and open the door for a retest of the recent highs near 590. 

KC Wheat Continues Sideways Trend: KC wheat futures rallied sharply in June, briefly testing the April highs near 580 before weakening into month-end. The pullback pushed prices below the 50-day moving average, which now stands as key resistance on any rebound. Support is first seen at the recent lows near 505, followed by secondary support at the May low around 500.

Spring Wheat Holds Below Moving Averages: Spring wheat futures faced pressure in July as crop conditions improved and weather turned favorable across key growing areas. While August has seen some support, gains remain limited. Technically, strong resistance sits just above 600 at a cluster of major moving averages, with a secondary target near 650 if momentum strengthens. On the downside, recent lows around 580 are expected to provide solid support against further weakness.

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. 

Grain Market Insider Interactive Quote Board

• September corn is trading 3/4 cents higher at $3.90 while December is unchanged at $4.12-1/4. Yesterday’s export inspections were good at 1,305k tons.
• The ProFarmer Crop Tour projected large yields and a record US corn harvest for 2025, but mentioned disease in the Midwest a number of times that could impact yields at harvest, and this has worried funds. The average yield was pegged at 182.7 bpa which compares to the USDA’s 188.8 bpa.
• Corn crop ratings were unchanged from last week at 71% good to excellent. 83% of the crop is in dough stage, 44% is dented, and 7% is mature. 

Corn Futures Show Signs of Life: With the front-month roll from September to December, corn has shown renewed strength. Prices rallied to close last week above the 50-day moving average, a constructive signal. Early this week, corn filled the post–July 4th gap near 413, with the next upside target seen at the gap near 430. On the downside, the 50-day average serves as initial support, while a break could expose the gap below 400.

• September soybeans are up 8-1/2 cents at $10.34 while November is up 7 cents at $10.54-1.2. October bean meal is up $1.90 at $291.10 while October bean oil is down 0.58 cents at 53.92 cents.
• Crop Progress saw soybean ratings improve one point from last week to 69% good to excellent. 89% of the crop is setting pods while 4% is dropping leaves.
• Yesterday’s export inspections were poor at 383k tons which compared to 503k a week ago and 420k a year ago. Top destinations were to Indonesia, Mexico, and Italy.

Soybeans Eye Spring Highs: Soybean futures surged in early August after USDA cut 2025 harvested area by 2.5 million acres. Prices broke through heavy resistance and key moving averages around 10.30, which now act as support on pullbacks. On the upside, the next major resistance is at the spring highs near 10.80, a level that has repeatedly capped rallies over the past year.

• Wheat is mixed this morning with gains in Chicago wheat and losses in KC and Minneapolis. September Chicago wheat is up 1-1/4 cents at $5.08 and September KC wheat is down 1-3/4 cents at $4.95-1/4.
• Crop Progress saw spring wheat ratings fall one point to 49% good to excellent. The spring wheat harvest is now 53% complete which compares to 69% at this time a year ago. The winter wheat harvest is now 98% complete which compared to 99% a year ago at this time.
• Yesterday’s export inspections were good at 946k tons which compared to 400k last week and 552k tons a year ago at this time. Top destinations were to Indonesia, the Philippines, and the Korean Republic. 

Chicago Wheat Holds Range: Chicago wheat’s mid-June rally was short-lived, with futures retreating back toward the upper end of their 2025 trading range. Initial support lies just above 500, the early-August low. On the upside, a weekly close above 558 would signal renewed strength and open the door for a retest of the recent highs near 590. 

KC Wheat Continues Sideways Trend: KC wheat futures rallied sharply in June, briefly testing the April highs near 580 before weakening into month-end. The pullback pushed prices below the 50-day moving average, which now stands as key resistance on any rebound. Support is first seen at the recent lows near 505, followed by secondary support at the May low around 500.

Spring Wheat Holds Below Moving Averages: Spring wheat futures faced pressure in July as crop conditions improved and weather turned favorable across key growing areas. While August has seen some support, gains remain limited. Technically, strong resistance sits just above 600 at a cluster of major moving averages, with a secondary target near 650 if momentum strengthens. On the downside, recent lows around 580 are expected to provide solid support against further weakness.

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. 

Grain Market Insider Interactive Quote Board

• Corn futures are trading higher this morning with the September contract up 3 cents at $3.91-1/4 and December up 2-1/2 cents at $4.14. December is trading above the 21-day moving average for the first time since July 3 as funds begin exiting short positions.
• The ProFarmer Crop Tour projected large yields and a record US corn harvest for 2025, but mentioned disease in the Midwest a number of times that could impact yields at harvest, and this has worried funds. The average yield was pegged at 182.7 bpa which compares to the USDA’s 188.8 bpa.
• Friday’s CFTC report saw funds buy back a portion of their net short position. They bought back 31,464 contracts which reduced their short position to 144,650 contracts as of August 19.

Corn Futures Attempt to Bounce: After a quiet May–July stretch, corn futures broke support near 391 to start August. However, losses tied to last week’s bearish USDA report were quickly reversed with a strong finish to the week. With December now the front month, a gap sits below the market between 380 and 400. On the upside, targets include an unfilled gap at 413, resistance at 420, and a second gap near 430. 

• Soybeans are trading slightly lower with the September contract down 1 cent at $10.35-1/2 while November is down 1/4 cent at $10.58. October soybean meal is up $5.70 at $294 while October soybean meal is down 0.18 cents at 54.77 cents.
• Some weakness today could be coming from comments made by China over the weekend. The country said that “rampant” US protectionism threatens agricultural ties as a result of the tariffs. Trade is likely concerned that China does not agree to a trade deal.
• Friday’s CFTC report saw funds as buyers of soybeans by 35,273 contracts which flipped their net short position to a net long position of just 3 contracts. They sold 13,070 contracts of bean oil and bought back 24,070 contracts of meal.

Soybeans Rally Through Resistance: Soybean futures rallied sharply in early August after a bullish USDA report cut 2.5 million acres from 2025 harvested area projections. Prices broke through resistance near 1030 and have since held above it, with this zone now acting as support on any pullback. On the upside, the next key resistance stands at the spring highs near 1080, a level that has capped rallies for the past year. 

• All three wheat classes are trading higher this morning with September Chicago wheat up 4-1/2 cents to $5.09 while September KC wheat is 3 cents higher to $5.01. Wheat has been sluggish but has likely been following corn’s recent turn higher.
• The Argentinian wheat crop is expected to improve following rains in key areas boosting soil moisture and helping uptake of nutrients as farmers re-fertilize the crop.
• Friday’s CFTC report saw funds as net sellers of Chicago wheat by 8,837 contracts which increased their net short position to 98,132 contracts. They sold 825 contracts of KC wheat which left them short 51,380 contracts.

Chicago Wheat Holds Range: Chicago wheat’s mid-June rally was short-lived, with futures retreating back toward the upper end of their 2025 trading range. Initial support lies just above 500, the early-August low. On the upside, a weekly close above 558 would signal renewed strength and open the door for a retest of the recent highs near 590. 

KC Wheat Continues Sideways Trend: KC wheat futures rallied sharply in June, briefly testing the April highs near 580 before weakening into month-end. The pullback pushed prices below the 50-day moving average, which now stands as key resistance on any rebound. Support is first seen at the recent lows near 505, followed by secondary support at the May low around 500.

Spring Wheat Holds Below Moving Averages: Spring wheat futures faced pressure in July as crop conditions improved and weather turned favorable across key growing areas. While August has seen some support, gains remain limited. Technically, strong resistance sits just above 600 at a cluster of major moving averages, with a secondary target near 650 if momentum strengthens. On the downside, recent lows around 580 are expected to provide solid support against further weakness.

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. 

We are excited to offer you a new way to follow the markets!   While CME Group policy changes mean our daily updates will no longer show pricing data, you can now explore our interactive quote board, featuring up-to-date charts to help you track market trends.

Grain Market Insider Interactive Quote Board

• Corn futures are trading unchanged to slightly lower in the back months with September unchanged at $3.87-1/4, December unchanged at $4.11-3/4, and March down 1/2 cent at $4.29-1/4. For the week, December corn is currently up 7 cents.
• The ProFarmer tour found huge yields in both Minnesota and Iowa corn, tour records. Minnesota was seen at 202.86 bpa while Iowa was seen at 198.43 bpa. However, the tour found disease in some field which could lower yields at harvest.
• Yesterday’s export sales were strong for corn at 2,833k tons which compared to 1,959k last week and 1,410k a year ago at this time. Top buyers were unknown, Mexico, and Spain.

Corn Futures Attempt to Bounce: After a quiet May–July stretch, corn futures broke support near 391 to start August. However, losses tied to last week’s bearish USDA report were quickly reversed with a strong finish to the week. With December now the front month, a gap sits below the market between 380 and 400. On the upside, targets include an unfilled gap at 413, resistance at 420, and a second gap near 430. 

• Soybeans are trading higher this morning following large gains posted yesterday as soybean oil led the complex higher. September soybeans are currently up 2-1/4 cents at $10.36-3/4 while November is up 2-1/2 at $10.58-1/2. October soybean meal is unchanged at $290 while October soybean oil is up 0.10 cents at 53.68 cents.
• The ProFarmer tour similarly found big pod counts for soybeans in Minnesota with 1,248 pods found in 3’x3′ square which is well above last year. In Iowa they found 1,384 pods which was also above the previous year.
• Soybean export sales yesterday were ok at 1,137k tons which was up from 755k last week and compared to 1,633k a year ago. Top destinations were to unknown, Spain, and Mexico.

Soybeans Rally Through Resistance: Soybean futures rallied sharply in early August after a bullish USDA report cut 2.5 million acres from 2025 harvested area projections. Prices broke through resistance near 1030 and have since held above it, with this zone now acting as support on any pullback. On the upside, the next key resistance stands at the spring highs near 1080, a level that has capped rallies for the past year. 

• All three wheat classes are trading slightly lower this morning with September Chicago wheat down 1 cent at $5.06 while September KC wheat is down 1-1/2 cents at $5.01-3/4. For the week, Sep Chicago wheat is currently unchanged while KC is down 5 cents.
• The Argentinian wheat crop is expected to improve following rains in key areas boosting soil moisture and helping uptake of nutrients as farmers re-fertilize the crop.
• Yesterday’s export sales report saw wheat sales fall to 482k tons which was down from 723k last week and 493k a year ago at this time. Top buyers were Mexico, South Korea, and Thailand.

Chicago Wheat Holds Range: Chicago wheat’s mid-June rally was short-lived, with futures retreating back toward the upper end of their 2025 trading range. Initial support lies just above 500, the early-August low. On the upside, a weekly close above 558 would signal renewed strength and open the door for a retest of the recent highs near 590. 

KC Wheat Continues Sideways Trend: KC wheat futures rallied sharply in June, briefly testing the April highs near 580 before weakening into month-end. The pullback pushed prices below the 50-day moving average, which now stands as key resistance on any rebound. Support is first seen at the recent lows near 505, followed by secondary support at the May low around 500.

Spring Wheat Holds Below Moving Averages: Spring wheat futures faced pressure in July as crop conditions improved and weather turned favorable across key growing areas. While August has seen some support, gains remain limited. Technically, strong resistance sits just above 600 at a cluster of major moving averages, with a secondary target near 650 if momentum strengthens. On the downside, recent lows around 580 are expected to provide solid support against further weakness.

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. 

We are excited to offer you a new way to follow the markets!   While CME Group policy changes mean our daily updates will no longer show pricing data, you can now explore our interactive quote board, featuring up-to-date charts to help you track market trends.

Grain Market Insider Interactive Quote Board

• Corn futures are trading higher this morning and have maintained support at the $4.00 level this week. September futures are up 2 cents at $3.82 while December is up 1-3/4 to $4.05-3/4.
• The ProFarmer tour found yields in Illinois at 199.58 bpa which were below their estimates from last year and below USDA guesses. In Western Iowa, yields were found between 195.03 and 207.25 bpa which were above last year. While yields look promising, some disease risks were found as well.
• Estimates for today’s export sales report see corn sales in a range between 950k and 2,000k tons with an average guess of 1,525k tons. This would compare to 1,959k a week ago and 1,410k a year ago.

Corn Futures Attempt to Bounce: After a quiet May–July stretch, corn futures broke support near 391 to start August. However, losses tied to last week’s bearish USDA report were quickly reversed with a strong finish to the week. With December now the front month, a gap sits below the market between 380 and 400. On the upside, targets include an unfilled gap at 413, resistance at 420, and a second gap near 430. 

• Soybeans are higher this morning with the September contract up 1-1/4 cents to $10.16-1/4 while November soybeans are up 1 cent at $10.37. September soybean meal is up $0.20 at $292.20 while September soybean oil is up 0.26 cents at 51.46 cents.
• In Illinois, the crop tour found soybean pod counts at 1,479.22 per 3’x3′ plot which compared to 1,419.11. Illinois soybeans may be weaker than initially thought. Western Iowa pod counts were better than last year between 1,279.25 in the Northwest and 1,562.54 in the Southwest.
• Estimates for today’s export sales report see soybean sales in a range between 200k and 1,100k tons with an average guess of 800k tons. This would compare to 755k a week ago and 1,633k a year ago at this time.

Soybeans Rally Through Resistance: Soybean futures rallied sharply in early August after a bullish USDA report cut 2.5 million acres from 2025 harvested area projections. Prices broke through resistance near 1030 and have since held above it, with this zone now acting as support on any pullback. On the upside, the next key resistance stands at the spring highs near 1080, a level that has capped rallies for the past year. 

• All three wheat classes are trading higher this morning with wheat leading the grain complex in general. The lack of a deal between Russia and Ukraine may be supportive or funds may finally be buying back short positions due to oversold conditions.
• Russia’s Jul-Aug exports off 38% year over year as new vessel approval rules stall loadings; terminals overflowing with 120 ships awaiting clearance.
• Estimates for today’s export sales report see wheat sales in a range between 500k and 825k tons with an average guess of 631k. This would compare to 723k tons a week ago and 493k a year ago.

Chicago Wheat Holds Range: Chicago wheat’s mid-June rally was short-lived, with futures retreating back toward the upper end of their 2025 trading range. Initial support lies just above 500, the early-August low. On the upside, a weekly close above 558 would signal renewed strength and open the door for a retest of the recent highs near 590. 

KC Wheat Continues Sideways Trend: KC wheat futures rallied sharply in June, briefly testing the April highs near 580 before weakening into month-end. The pullback pushed prices below the 50-day moving average, which now stands as key resistance on any rebound. Support is first seen at the recent lows near 505, followed by secondary support at the May low around 500.

Spring Wheat Holds Below Moving Averages: Spring wheat futures faced pressure in July as crop conditions improved and weather turned favorable across key growing areas. While August has seen some support, gains remain limited. Technically, strong resistance sits just above 600 at a cluster of major moving averages, with a secondary target near 650 if momentum strengthens. On the downside, recent lows around 580 are expected to provide solid support against further weakness.

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. 

We are excited to offer you a new way to follow the markets!   While CME Group policy changes mean our daily updates will no longer show pricing data, you can now explore our interactive quote board, featuring up-to-date charts to help you track market trends.

Grain Market Insider Interactive Quote Board

• Corn futures are lower this morning with September down 3/4 cents to $3.78-3/4 and December down 2 cents to $4.01-1/4. 
• ProFarmer Crop Tour finds IN corn yield at 193.8 and NE at 179.5.  The IN yield is the highest since tour started in 2003 and NE is the highest since 2021.
• Dalian corn hits a new contract low; U.S. sales to Mexico supportive, but dry Midwest weather, cooler temps, and weak export demand provide resistance.

Corn Futures Attempt to Bounce: After a quiet May–July stretch, corn futures broke support near 391 to start August. However, losses tied to last week’s bearish USDA report were quickly reversed with a strong finish to the week. With December now the front month, a gap sits below the market between 380 and 400. On the upside, targets include an unfilled gap at 413, resistance at 420, and a second gap near 430. 

• Soybeans are mixed with the September contract up 1/4 cent at $10.1325, November down 1 cent at $10.32-3/4, Sep meal up 3.40 dollars at $290.80, and Sep bean oil down 0.38 cents to 51.30 cents. 
• ProFarmer tour shows lower IN pod counts (1,376 vs 1,409 LY) but record-high NE (1,348 vs 1,172 LY).
• Soymeal strength continues to offset weaker soyoil with Sep crush up towards 191.  Dalian oils complex trades lower, American Soybean Association urges Trump for China trade deal, and Brazil may curb crush on poor margins.

Soybeans Rally Through Resistance: Soybean futures rallied sharply in early August after a bullish USDA report cut 2.5 million acres from 2025 harvested area projections. Prices broke through resistance near 1030 and have since held above it, with this zone now acting as support on any pullback. On the upside, the next key resistance stands at the spring highs near 1080, a level that has capped rallies for the past year. 

• The wheat markets are trading mixed this morning with  September Chicago up 1-3/4 cents at $5.0025,  Sep KC wheat down 3/4 cents to $4.9875, and September Mpls wheat up 1-1/2 cents to $5.7000. 
• USDA may be overstating world wheat trade by 8-10 mmt; Argentina and Australia futures hit new lows; EU exports down 14% vs last year.
• Russia’s Jul-Aug exports off 38% yoy as new vessel approval rules stall loadings; terminals overflowing with 120 ships awaiting clearance.

Chicago Wheat Holds Range: Chicago wheat’s mid-June rally was short-lived, with futures retreating back toward the upper end of their 2025 trading range. Initial support lies just above 500, the early-August low. On the upside, a weekly close above 558 would signal renewed strength and open the door for a retest of the recent highs near 590. 

KC Wheat Continues Sideways Trend: KC wheat futures rallied sharply in June, briefly testing the April highs near 580 before weakening into month-end. The pullback pushed prices below the 50-day moving average, which now stands as key resistance on any rebound. Support is first seen at the recent lows near 505, followed by secondary support at the May low around 500.

Spring Wheat Holds Below Moving Averages: Spring wheat futures faced pressure in July as crop conditions improved and weather turned favorable across key growing areas. While August has seen some support, gains remain limited. Technically, strong resistance sits just above 600 at a cluster of major moving averages, with a secondary target near 650 if momentum strengthens. On the downside, recent lows around 580 are expected to provide solid support against further weakness.

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. 

We are excited to offer you a new way to follow the markets!   While CME Group policy changes mean our daily updates will no longer show pricing data, you can now explore our interactive quote board, featuring up-to-date charts to help you track market trends.

Grain Market Insider Interactive Quote Board

• Corn futures are lower this morning with September down 3-1/4 cents to $3.79-3/4 and December down 3-3/4 cents to $4.02-3/4. This comes following large yield numbers from the crop tour and good USDA crop ratings.
• The ProFarmer Crop Tour has wrapped up in Ohio and in South Dakota. In Ohio, corn yield was estimated at 185.69 bpa which compared to 196 bpa from the WASDE report but is above last year’s 183.29 bpa. In South Dakota, yields were seen at 174.18 bpa which was above the USDA guess of 168 bpa.
• Yesterday’s Crop Progress report saw corn ratings fall one point from last week to 71% good to excellent with 97% silking, 72% in dough stage, 27% dented, and 3% mature.

Corn Futures Attempt to Bounce: After a quiet May–July stretch, corn futures broke support near 391 to start August. However, losses tied to last week’s bearish USDA report were quickly reversed with a strong finish to the week. With December now the front month, a gap sits below the market between 380 and 400. On the upside, targets include an unfilled gap at 413, resistance at 420, and a second gap near 430. 

• Soybeans are slightly higher with the September contract up 1/4 cent at $10.20-3/4. November up 1/4 cent at $10.41-3/4, Sep meal up $5.10 at $285.50, and Sep bean oil down 0.69 cents to 52.58 cents. Soybeans are now technically overbought.
• The ProFarmer tour saw soybean results above last year in both Ohio and South Dakota. In Ohio, number of pods in a 3’x3′ plot were 1287.28 which compared to 1229.93 last year. In SD, they were 1188.45 compared to 1025.89 last year.
• The Crop Progress report saw soybean conditions unchanged at 68% good to excellent with 95% of the crop blooming and 82% setting pods, both on par with the 5-year average.

Soybeans Rally Through Resistance: Soybean futures rallied sharply in early August after a bullish USDA report cut 2.5 million acres from 2025 harvested area projections. Prices broke through resistance near 1030 and have since held above it, with this zone now acting as support on any pullback. On the upside, the next key resistance stands at the spring highs near 1080, a level that has capped rallies for the past year. 

• All three wheat classes are trading lower with September Chicago down 2-3/4 cents at $5.00, and it did slip below that level overnight. Sep KC wheat is down 4-1/2 cents at $5.02. There has been talk about larger global production despite the USDA lowering that number in the WASDE report.
• Spring wheat crop conditions rose 1 point from last week to 50% good to excellent with 36% of the crop now harvested, on par with the 5-year average. The winter wheat harvest is now 94% complete which is also on par with recent years.
• Yesterday’s export inspections report saw wheat inspections at 395k tons which compared to 415k last week and 374k tons a year ago. Top destinations were Mexico, Japan, and Republic of South Africa.

Chicago Wheat Holds Range: Chicago wheat’s mid-June rally was short-lived, with futures retreating back toward the upper end of their 2025 trading range. Initial support lies just above 500, the early-August low. On the upside, a weekly close above 558 would signal renewed strength and open the door for a retest of the recent highs near 590. 

KC Wheat Continues Sideways Trend: KC wheat futures rallied sharply in June, briefly testing the April highs near 580 before weakening into month-end. The pullback pushed prices below the 50-day moving average, which now stands as key resistance on any rebound. Support is first seen at the recent lows near 505, followed by secondary support at the May low around 500.

Spring Wheat Holds Below Moving Averages: Spring wheat futures faced pressure in July as crop conditions improved and weather turned favorable across key growing areas. While August has seen some support, gains remain limited. Technically, strong resistance sits just above 600 at a cluster of major moving averages, with a secondary target near 650 if momentum strengthens. On the downside, recent lows around 580 are expected to provide solid support against further weakness.

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. 

We are excited to offer you a new way to follow the markets!   While CME Group policy changes mean our daily updates will no longer show pricing data, you can now explore our interactive quote board, featuring up-to-date charts to help you track market trends.

Grain Market Insider Interactive Quote Board

• Corn futures are trading lower to start the day with the December contract remaining in its downward channel. Friday’s rally brought it to the top of this channel, but no important technical resistance has been broken yet.
• Analyst group ASAP Agri increased its estimate for the 2025 Ukrainian corn harvest to 30.9 mmt from its previous estimate of 27.6 mmt citing favorable weather and key rains in July.
• Friday’s CFTC report saw funds as sellers of corn. They sold 2,364 contracts as of August 12 which left them with a net short position of 176,114 contracts.

Corn Futures Slump to Start August: After a quiet May–July stretch, corn futures broke support near 391 to start August. A weekly close below this level could shift focus to the August 2024 low near 360, while upside targets include an unfilled gap at 413, resistance at 420, and a second gap at 430. 

• Soybeans are trading lower following significant gains on Friday and gains of a whopping 55 cents last week in the November contract which was kicked off by a bullish WASDE report. November futures remain above all major moving averages. Both soybean meal and oil are lower as well.
• On Friday, NOPA crush numbers were released, and July crush jumped to 195.699 million bushels which was well above the average trade guess of 190.8 mb and was a six-month high for the month of July. It was up 5.6% from the June’s 185.27 mb.
• Friday’s CFTC report saw funds as buyers of soybeans by 30,660 contracts which reduced their net short position to 35,270 contracts. They sold 10,527 contracts of bean oil and bought back 24,238 contracts of meal.

Soybeans Test April Lows: Soybean futures remain locked in a broader sideways trend after failing to clear key resistance at the May high of $10.82 in mid-June. With largely favorable weather throughout much of the growing season, the market has struggled to build bullish momentum, and the path of least resistance has remained lower. Technically, a breakout above the 100-day moving average could open the door to filling the gap left over the July 4th weekend near $10.50. On the downside, initial support is seen around the $10.00 mark, with stronger technical support at the April lows near $9.80.

• All three wheat classes are trading lower this morning and are likely following the downward momentum of corn and soybeans. September Chicago wheat has managed to hold firm support above the 5-dollar mark.
• The US dollar is trading higher which may be pressuring the grain complex as a whole. Poor inflation and jobs data released recently, and Jerome Powell will speak at a central bank meeting this week potentially providing a decision on interest rate cuts.
• Friday’s CFTC report saw funds as sellers of Chicago wheat by 8,526 contracts which left them with a net short position of 89,295 contracts. They bought back 6,508 contracts of KC wheat leaving them short 50,555 contracts.

Chicago Wheat Holds Range: Chicago wheat’s sharp rally in mid-June proved short-lived, with futures retreating toward the upper end of their 2025 trading range. Initial support is expected just above the 500 level, which marked the lows back in May and has since acted as a solid floor. On the upside, a weekly close above 558 would be seen as a constructive technical signal and could open the door for a retest of the recent highs near 590.

KC Wheat Pulls Back Below Key Averages, Support at June Lows: KC wheat futures saw a strong rally in June, briefly testing the April highs near 580. However, late-month weakness pulled prices back below both the 100 and 200-day moving averages, which now serve as key resistance levels. On the downside, initial support is seen at the June low of 517.75, with secondary support near the May low around 500.

Spring Wheat Futures Test Key Support After July Slide: Spring wheat futures have come under pressure in July, weighed down by improving crop conditions and generally favorable weather across key growing areas. Technically, a cluster of major moving averages just above the 600 mark presents the first layer of upside resistance, with a chart gap near 650 serving as a secondary target if momentum builds. On the downside, the May lows near 580 should provide firm support in the event of further weakness.

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. 

We are excited to offer you a new way to follow the markets!   While CME Group policy changes mean our daily updates will no longer show pricing data, you can now explore our interactive quote board, featuring up-to-date charts to help you track market trends.

Grain Market Insider Interactive Quote Board

• Corn is trading slightly higher this morning after December futures ended the day unchanged yesterday and are now just below the $4.00 mark. Futures seem to have found some support around the $3.90 area.
• Yesterday’s export sales were ok for corn at 1,959k tons but were down sharply from last week’s 3,334k and compared to 921k a year ago. Top buyers were Mexico, Japan, and Taiwan.
• Estimates for the CONAB report see corn planted acreage increasing to 231,680k hectares, up 121k from last month. Yield is also expected to rise by 198 kg/ha of 15.2%

Corn Futures Slump to Start August: After a quiet May–July stretch, corn futures broke support near 391 to start August. A weekly close below this level could shift focus to the August 2024 low near 360, while upside targets include an unfilled gap at 413, resistance at 420, and a second gap at 430. 

• Soybeans are trading higher this morning following sharp losses yesterday that were mainly caused by lower soybean oil and fears over poor export demand from China. Both soybean meal and oil are higher this morning.
• Projections for the NOPA crush report see July soybean crush at 190.8 million bushels. This would be up 4.3% from July last year and up 2.7% from the previous month.
• Yesterday’s export sales report saw soybean sales fall from last week to 755k tons. This compared to 1,013k last week and 1,566k a year ago at this time. Top buyers were unknown, Mexico, and the Netherlands.

Soybeans Test April Lows: Soybean futures remain locked in a broader sideways trend after failing to clear key resistance at the May high of $10.82 in mid-June. With largely favorable weather throughout much of the growing season, the market has struggled to build bullish momentum, and the path of least resistance has remained lower. Technically, a breakout above the 100-day moving average could open the door to filling the gap left over the July 4th weekend near $10.50. On the downside, initial support is seen around the $10.00 mark, with stronger technical support at the April lows near $9.80.

• Wheat is mixed this morning with Chicago wheat slightly higher while KC and Minneapolis trade lower. Today, President Trump and Putin will meat to discuss ending the war in Ukraine, and the results may impact wheat.
• Yesterday’s export sales were decent for wheat at 723k tons. This compared to 738k last week and 273k a year ago. Top buyers were South Korea, Mexico, and the Philippines.
• In Germany, the 2025 grain output forecast has been raised for both wheat and corn. Total grains are estimated at 43 mmt up from 41.7 mmt last month with wheat at 22.4 mmt compared to 21.6 mmt a month ago. This is due to larger acreage and better yields than expected. 

Chicago Wheat Holds Range: Chicago wheat’s sharp rally in mid-June proved short-lived, with futures retreating toward the upper end of their 2025 trading range. Initial support is expected just above the 500 level, which marked the lows back in May and has since acted as a solid floor. On the upside, a weekly close above 558 would be seen as a constructive technical signal and could open the door for a retest of the recent highs near 590.

KC Wheat Pulls Back Below Key Averages, Support at June Lows: KC wheat futures saw a strong rally in June, briefly testing the April highs near 580. However, late-month weakness pulled prices back below both the 100 and 200-day moving averages, which now serve as key resistance levels. On the downside, initial support is seen at the June low of 517.75, with secondary support near the May low around 500.

Spring Wheat Futures Test Key Support After July Slide: Spring wheat futures have come under pressure in July, weighed down by improving crop conditions and generally favorable weather across key growing areas. Technically, a cluster of major moving averages just above the 600 mark presents the first layer of upside resistance, with a chart gap near 650 serving as a secondary target if momentum builds. On the downside, the May lows near 580 should provide firm support in the event of further weakness.

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.