Corn
Scott Varilek with Kooima Kooima Varilek says $243 was the line in the sand for the June live cattle or funds would liquidate and it held after Brooke Rollins canceled her trip to Arizona which alleviated fears of a border reopening.
Garrett Toay with AgTraderTalk says the HRW wheat market was adding weather premium with forecasts continuing to look hot and dry for the Southern Plains.
Farm Journal Field Agronomists are launching the 2026 season, planting fields and starting to test the soybean innovations and management strategies that will deliver answers and insights farmers need.
Darin Newsom, senior market analyst with Barchart, says wheat is holding weather premium with the deteriorating crop conditions but longer term higher energy prices could spark some inflationary buying in grains.
Two Midwest growers say increased competition between corn and soybeans for acres could help rebalance supplies and provide a financial boost.
The soybean market looked like it was ready to breakout but Sam Hudson with Cornbelt Marketing says they hit chart resistance and saw profit taking.
However, Bryan Doherty with Total Farm Marketing says the corn and soybean markets are at a crossroads in the new crop contracts and need a catalyst to get above resistance.
The nation’s corn crop is currently 11% planted, sitting 2 points ahead of the five-year average. Although many Illinois farmers are waiting to plant because of wet conditions, much of the latest national crop progress comes from Illinois and Indiana.
Soybeans and multi-year highs in the soybean oil market led the grain complex higher on Tuesday according to Mike Minor with Professional Ag Marketing.
Soybeans saw early gains Tuesday with help from a rally in both bean oil and soybean meal and that is supporting corn says Hillari Mason with Pro Farmer. However, several other factors were supporting early strength.