TFM Midday Update 12-29-2025

FROM ALL OF US AT TOTAL FARM MARKETING, HAVE A HAPPY AND PROSPEROUS NEW YEAR!

WEDNESDAY, DECEMBER 31: The CME has regular trading hours, and Total Farm Marketing offices will close at 3:00 p.m. (CT).

THURSDAY, JANUARY 1: The CME and Total Farm Marketing offices are closed.

CORN

Corn futures are lower at midday after trading to upside resistance late last week. March corn is currently down 6 cents at 444.
Weekly export inspections for corn remained strong for the week ended December 25, totaling just over 51.2 million bushels. While slightly below the prior week, the figure exceeded trade expectations and pushed cumulative marketing-year inspections above 1.0 billion bushels, compared with just 605 million at this point last year.
The weekly ethanol production report for the week ended December 19 will be released today. Output is expected to decline modestly, reflecting the typical seasonal slowdown during the holiday period.

Soybeans futures are lower at midday after last week’s Christmas rally. March soybean futures are currently down 8 cents trading at 1064-1/2.
Soybean export inspections for the week ended December 25 came in at the low end of expectations, totaling just 27.5 million bushels. Only two soybean cargoes were inspected for China during the reporting period.
Showers this week across much of Brazil’s soybean belt should help relieve stress from last week’s hot and dry conditions. Favorable growing weather is expected to continue into mid-January for most producing regions.

Wheat futures are following corn and soybeans lower at midday. March Chicago wheat futures are down 5 cents currently at 514. March KC wheat futures are down 6 cents and are currently trading at 527-1/2. March Spring Wheat futures are currently trading at 564-1/4 down 1-1/2 cents.
In the U.S., unseasonably warm temperatures across the Midwest over the Christmas period gave way to colder conditions over the weekend. However, the cold snap appears brief, with above-normal temperatures expected to return by midweek.
Between now and the 2026–27 Northern Hemisphere winter wheat harvest, global wheat supplies are expected to remain ample, supported by strong Southern Hemisphere production—most notably a record crop in Argentina.

Keegan Madigan