TFM Midday Update 10-28-2025

CORN

Corn futures are firm at midday, supported by China/US trade talks and higher soybean prices. December futures are up 6-3/4 cents to $4.35-1/2, while March futures are 5-1/4 cents higher to $4.49-1/2.
AgRural estimates that Brazil is now 55% planted, up slightly from last year’s pace of 53% done through the same week.
The US corn harvest is seen at 72% complete according to a Reuters poll. This is behind last year’s 81% harvested at this time.

Soybeans are once again sharply higher as optimism continues to increase regarding this week’s meeting between the US and China. November soybeans are up 20-1/4 cents to $10.87-1/2, while March futures are 18-3/4 cents higher to $11.14-1/4.
According to a Reuters survey, the US soybean harvest has advanced to 84% complete, slightly behind last year’s 89% complete through the same week.
Brazil’s soybean planting is seen at 36% complete according to AgRural. Planting advanced 12% from last week and is now on par with last year’s pace.

Wheat prices continue to trend higher early in the week as the rest of the grain complex is also higher. December Chicago is up 7-00 cents to $5.33-00, December KC is 9-1/4 cents higher to $5.23-1/2, and December Minneapolis is up 8-00 cents to $5.68-25.
Estimates showed winter wheat planting jumping to 85%, up from 76% planted last week. Crop conditions are seen at 50% good-to-excellent, which is up from 38% in the same week last year.
Wheat harvest in South America is seeing delays as rains continue to fall in Brazil. The US could also see some precipitation stretch across the Southern Plains this week.

Tanner Wilson