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Market Update

May 25 Corn close 4.85

-.0525

Dec 25 Corn close 4.62

-.015

May 25 Soybean close 10.4175

-.01

Nov 25 Soybean close 10.285

+.03

May 25 SRW close 5.475

-.0825

Jul 25 SRW close 5.6175

-.085

June CAD .7233

+.0009

Closing Chatham elevator bids


-Corn and wheat closed lower to start the week, and soybeans were mixed with little change.

-Today's US export inspection report had corn and above trade expectations at 72 and 22.2 million bushels, and beans were within expectations at 20 mil bu.

-All 3 are ahead of last year's export pace, corn exports are currently 58% of the USDA's crop year estimate, 85% for soybeans, and 82% for wheat.

-Friday's COT report showed little change to the funds corn position, still hanging in long roughly 50k contracts, funds were sellers of beans, increasing the short position to 50k short, and buyers of 9909 contracts of wheat, trimming the short position to just over 100k contracts.

-US export sale of 120k MT of corn for this crop year to Japan was announced this morning.

-Tariff news over the weekend had Trump administration announce the exemptions on electronics from reciprocal tariffs and included products from China.



Have a good night.

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USDA reports and schedule

Looking for the publish dates of the USDA reports for 2023? Visit our website. We keep an archive of the reports that go back to 2016.

USDA Reports

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