Last weeks USDA report was uneventful resulting in flat markets until late in the week when a warmer forecast and talks of trade with China spurred the markets. September futures ended the week 8 cents higher while December and March futures closed 10 cents higher. The funds bought back 38,000 contracts and headed into the extended weekend short 135,396 corn contracts. The funds bought 16,000 soybean contracts and are now long 51,396 contracts.
The USDA released their Quarterly stocks and Acreage report on Monday June 30th. Corn planted area came in at 95.2 million acres. This is 5% higher than a year ago and slightly below the March estimate. Compared to a year ago, planted acreage is expected to be higher in 41 of the 48 estimated states.
USDA Planted Acreage (Million Acres)
| June 30th 2025 | Average Est. | March 30th 2025 | Final 2024 | |
| Corn | 95.203 | 95.24 | 95.32 | 90.95 |
| Soybeans | 83.380 | 83.64 | 83.49 | 87.05 |
| Wheat | 45.478 | 45.41 | 45.35 | 46.07 |
Corn stocks on June 1 came in at 4.64 billion bushels. This was down 7% from a year ago. On farm stocks were down 16% from a year ago while off-farm stocks(elevators) were up 6% from a year ago.
USDA Quarterly Grain Stocks (Billion Bushels)
| June 30th 2025 | Average Est. | March 30th 2025 | June 30th 2024 | |
| Corn | 4.644 | 4.641 | 8.15 | 4.997 |
| Soybeans | 1.008 | .980 | 1.91 | .97 |
| Wheat | .851 | .840 | 1.23 | .696 |
Weekly crop conditions showed 73% of the corn crop in the Good/Excellent category, which is slightly up from last week and still ahead of last year and the five-year average.
With the June report behind us traders are going to focus on US weather and forecasts over the next couple weeks as we enter the major growing cycles for corn(tasseling and pollination). The 11-15 day forecast has warmer temperatures moving up from Texas into the Plains and expanding into the Midwest. If we were to see a ridge develop in the forecast on Monday or anytime early next week, things could get exciting on the CBOT. Until then traders are going to stick with the thought that this crop has the potential to be a big one.
Upcoming reports
| Date | Report |
| 7/7/2025 | Weekly Crop Conditions |
| 7/11/2025 | Crop Production |
