Corn Ends the Day Lower | Monday, June 2, 2025

July corn ended the day down 5¾¢ at $4.38¼ per bushel.

July soybeans closed down 8¼¢ at $10.33½ per bushel.

July wheat contracts closed higher. CBOT wheat ended the day up 5¢ at $5.39 per bushel. KC wheat was up 6½¢ at $5.39¾. Minneapolis wheat was up 1¾¢ at $6.27¼.

“The mixed trade we had all last week carried over into the start of this week’s market action as well,” said Karl Setzer, partner at Consus Ag Consulting. “Grains were on the strong side to start the week with wheat leading the way. Elevated fighting in the Black Sea and uncertain wheat flow from the region supported the complex. This will likely bring the U.S. additional export demand, even if just short-term. Building concerns over weather stress on the U.S. wheat crop added buying interest, especially with managed money traders heavily short the entire grain complex.

“We are also seeing more of a difference in opinion on U.S. corn production as growing conditions are well divided between the eastern and western Corn Belt. Favorable corn conditions are being reported in the west while delays continue in parts of the east. We are now at prevent-plant insurance dates on corn, further removing the interest in planting a crop with negative returns.

“Soybeans were under pressure from weakness in the global oilseed market and larger estimates on the Brazilian crop."

August live cattle ended the day up $1.65 at $211 per hundredweight (cwt). August feeder cattle closed up $2.93 at $301.75 per cwt. July lean hogs were up 5¢ at $104.98 per cwt.

As of 3:07 p.m. CT, July crude oil was up $2.33 at $63.12 per barrel.

June S&P 500 futures were up 35 points. June Dow futures were up 106 points.

Published: 3:30 p.m. CT

Corn Up More Than 3¢: 9:37 a.m. CT

As of 9:07 a.m. CT, July corn was up 3¼¢ at $4.47¼ per bushel.

July soybeans were down 4¼¢ at $10.37½ per bushel.

July wheat contracts were higher. CBOT wheat was up 9¼¢ at $5.43¼ per bushel. KC wheat was up 10¾¢ at $5.44. Minneapolis wheat was up 2¾¢ at $6.28¼.

"I am watching today's USDA Crop Progress report, to be released at 3 p.m. CT," said Al Kluis, managing director of Kluis Commodity Advisors. "I will be watching the planting progress in Ohio, Michigan, Tennessee, and Kentucky. Many private analysts are taking corn acreage and yields lower." 

Shortly past 9 a.m. CT, August live cattle were up 75¢ at $210.10 per hundredweight (cwt). August feeder cattle were up 55¢ at $299.38 per cwt. July lean hogs were up 10¢ at $105.03 per cwt.

July crude oil was up $1.79 at $62.58 per barrel.

The U.S. Dollar Index June contract was down to 98.63.

June S&P 500 futures were down 25 points. June Dow futures were down 264 points.

Published: 9:37 a.m. CT