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Grain Market Insider Interactive Quote Board

• Corn is trading slightly lower again this morning but has held relatively firm as soybeans and wheat sell off. December corn is down 3/4 cents to $4.17-1/2 while March is down 1/4 cent to $4.35-3/4.
• Estimates for the weekly EIA report see ethanol production lower than last week at 1.067 million barrels per day, and the average stockpile estimate is 22.442m bbl compared to 22.549m a week ago.
• Private analyst firm Allendale released an estimate for corn production yesterday of 16.63 billion bushels with a yield of 187.52 bpa. This is much closer to the USDA estimate rather than ProFarmers 182.3 bpa.

Corn Futures Bounce From August Lows: Corn futures showed renewed strength with the front-month roll from September to December, closing last week above the 50-day moving average. The July 4th gap near 413 has been filled, with the next upside target at 430. On the downside, the 50-day average is key support, with a break exposing the gap below 400.

• Soybeans are lower again this morning and are on track for a third consecutively lower close. Prices are at support at the 200-day average. November soybeans are down 5-3/4 cents to $10.25-3/4, October soybean meal is down $0.40 to $277.20, and October bean oil is down 0.24 cents to 51.20 cents.
• Yesterday, Allendale projected that the national soybean yield would come in near 53.28 bpa with production at 4.27 bb. This would be slightly below the USDA estimate.
• US soybean crushings were seen at 204.8 million bushels in July which was up 5.9% from the same period last year and above June crushings of 196.9 mb. The increase in crush is creating a large supply of meal which weighs on prices.

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 trading lower to start the day. December Chicago wheat is down 6-3/4 cents at $5.15-1/4 while December KC is down 5-3/4 cents to $5.04-1/2. 
• SovEcon raised their 25/26 Russian wheat export forecast to 43.7MMT from 43.3MMT noting better crop prospects, but quality issues are a concern and may impact yields.
• The Crop Progress report saw the spring wheat harvest 72% complete as of Sunday which is up from 53% the previous week and the 5-year average of 69%. 

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 is trading slightly lower to start the day with the December contract down 1-1/4 cents to $4.21-3/4 while March is down 1 cent to $4.39-3/4. Yesterday, corn prices remained firm despite sell-offs in the other grain markets.
• Demand for US corn is pushing record start to the marketing year.  Current corn export sales on the books are the second best in the past 25 years.  Another strong week of sales this week could like make the 2025-26 ,marketing year the strongest start ever, eclipsing the 2021-22 marketing year.
• Yesterday’s Crop Progress report saw corn ratings fall by 2 points from last week to 69% good to excellent. 90% of the crop is in dough stage, 58% is dented, and 15% of the crop is mature.

Corn Futures Bounce From August Lows: Corn futures showed renewed strength with the front-month roll from September to December, closing last week above the 50-day moving average. The July 4th gap near 413 has been filled, with the next upside target at 430. On the downside, the 50-day average is key support, with a break exposing the gap below 400.

• Soybeans are starting the day lower again today with November down 1-1/2 cents to $10.39-1/2 while March is down 1-1/2 cents as well to $10.73-1/2. October meal is down $0.60 to $277.70 and October bean oil is down 0.44 cents to 51.83 cents.
• US soybean crushings were seen at 204.8 million bushels in July which was up 5.9% from the same period last year and above June crushings of 196.9 mb. The increase in crush is creating a large supply of meal which weighs on prices.
• Soybean crop ratings fell by more than expected from last week, dropping 4 points to 65% good to excellent. 94% of the crop is setting pods and 11% is dropping leaves.

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 Chicago and Minn lower but KC slightly higher. December Chicago wheat is down 1/4 cent at $5.28 while December KC is up 1-1/4 cents to $5.12-1/2. Yesterday’s export inspections were decent for wheat.
• SovEcon raised their 25/26 Russian wheat export forecast to 43.7MMT from 43.3MMT noting better crop prospects, but quality issues are a concern and may impact yields.
• The Crop Progress report saw the spring wheat harvest 72% complete as of Sunday which is up from 53% the previous week and the 5-year average of 69%. 

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

• Technical buying and short covering have supported the corn market into the end of August.  December corn futures finished the month trading higher on Friday’s close.  The first positive month since May.  An improved technical picture should keep buyers active.  Dec corn futures have traded higher 5 out of the 6 years in the month of September.
• Current dry weather forecasts and disease concern have the market pricing in a small overall crop compared to the USDA August forecast.  With the strong export demand the feeling of the corn supply picture tightening overall is supporting the market.
• Demand for US corn is pushing record start to the marketing year.  Current corn export sales on the books are the second best in the past 25 years.  Another strong week of sales this week could like make the 2025-26 Marketing year the strongest start ever, eclipsing the 2021-22 marketing year.

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.

• Lack of a potential trade deal with China from this past week of negotiations is pressuring the market and Chinese buyer look to Brazil, Argentina, and Uruguay for soybean supplies in the window they typically buy US soybeans.
• Dry weather forecast support the soybean market as areas on the corn belt have seen there driest August in over 100 years.  The poor finishing weather will likely limit the potential final crop size as harvest approaches.
• Despite the lack of Chinese soybean exports sales, purchases of US soybeans by non-China  buyers are off to a strong start.  Reported sales excluding China and Unknown destinations are off to the strongest start since 2018-19 as other countries have sources soybeans from the United States.  Regardless, US still will need Chinese purchases to hit projected export targets for the 2025-26 marketing year.

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 trading lower following the long weekend with December Chicago wheat down 9-1/2 cents to $5.24-3/4 while Dec KC wheat is down 9 cents at $5.10-3/4. Larger Russian production may be pressuring wheat.
• Friday’s CFTC report saw funds as buyers of wheat. They bought back 23,528 contracts of Chicago wheat reducing their net short position to 81,587 contracts. They bought back 2,699 contracts of KC wheat leaving them short 48,681 contracts.
• SovEcon raised their 25/26 Russian wheat export forecast to 43.7MMT from 43.3MMT noting better crop prospects, but quality issues are a concern and may impact yields.

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 is trading higher to start the day following yesterday’s first notice day for September contracts. September is currently trading 3-1/2 cents higher at $3.89 while December is up 2 cents at $4.12.
• Yesterday’s export sales report saw corn sales strong but fall from last week at 2,072k tons. This compared to 2,833k last week and 1,509k a year ago. Top destinations were to Mexico, Colombia, and unknown.
• 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%.

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 lower this morning apart from the September contract which is in delivery and is up 3 cents at $10.31-1/4. The November contract is down 5-1/4 cents to $10.42-3/4, October soybean meal is down $1.00 at $281.90 and October soybean oil is down 0.44 cents at 51.51 cents.
• Analysts are estimating that the USDA soybean crush will come in around 207 million bushels for July. If this number is realized, the crush would be up 5.1% from the 197.1 mb processed in June and up 7.2% from July 2024.
• Yesterday’s export sales report saw soybean sales increase from last week to 1,183k tons from 1,137k last week and 2,472k tons a year ago. Top buyers were unknown, Mexico, and Taiwan.

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 Chicago unchanged and KC and Minneapolis lower. December Chicago wheat is unchanged at $5.29 while December KC is down 1/2 cent at $5.15-1/4.
• Yesterday’s export sales saw wheat sales fall to 1,183k tons from 1,137k tons last week. This compared to 498k tons a year ago. Top buyers were Vietnam, Nigeria, and Mexico.
• 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.

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 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.