Wednesday July 1st, 2025, 5:00 AM CST BY: Cole Raisbeck
Grain markets were higher on Tuesday as the market digested the planted acreage and quarterly Grain Stocks reports. Wheat led the gains, finishing 10-12 cents higher. Corn closed 6 cents higher after trading as much as 10 cents lower earlier in the day. Soybeans finished 5 cents higher.
Corn planted acres came in at 95.3 million acres, in line with the March Prospective Plantings report and slightly above the average trade prediction. Soybean planted acres were 85.4 million acres, in line with expectations and just over ½ million acres higher than the March estimate. Wheat planted acres came in at 42.7 million acres, about 1 million acres below trade expectations.
The USDA also reported a flash sale of 100,000 MT of wheat to Nigeria.
TO DO: Reminder: the grain markets will be closed this Friday, July 3rd, in observation of the July 4th holiday.
WHAT WE’RE THINKING:
The two large positives from yesterday’s report were the lower grain stocks number for corn, and the wheat acres number being less. The USDA is projecting the lowest number of wheat acres harvested in 149 years. This was enough to prevent the market from continuing to slide, but the market may need more bullish news or continued hot and dry forecasts to post a meaningful rally in early July.
WHAT TO WATCH:
With the reports behind us, the market’s focus now shifts to July weather. We will be watching conditions across the Corn Belt as hot weather moves in, along with global weather.
Overnight Markets
September Corn: The trading range is 5¢, the last trade shows corn futures are up 2¢ at $4.18 per bushel.
August Soybeans: The trading range is 11¢, the last trade shows prices up 1¢ at $11.25 per bushel.
Wheat: Chicago wheat is up 5¢, KC wheat futures are up 4¢, Minneapolis wheat is up 4¢.
Global Stock Markets: The stock market in China is up 0.44%, while stocks in Japan are up 0.59%. European stocks are down 0.25%.
Outside Markets: The US Dollar Index is up 0.21 at 101.40. Crude oil is down 60 cents per barrel at $68.64. S&P futures are up 17 points at 7,530.50. Dow futures are up 120 points at 52,550 and gold futures down $48 at $3,974.
Livestock Futures: Livestock Futures finished mixed. August Live Cattle were $1.15 lower at $242.42. August Feeder Cattle were $2.87 lower, finishing at $364.60. July Lean Hogs were 50 cents higher, settling at $94.32.
TODAY’S CHART: December Corn
About This Chart: This is the daily chart of December 2025 Corn Futures. The market posted a hook reversal higher on Tuesday, making a new contract low just before the Acreage and quarterly Grain Stocks reports, then reversing higher and trading above Monday’s high. December corn finished the day 6 cents higher at $4.36. The first area of resistance comes in near last week’s high at $4.46.