3 Big Things Today, June 27, 2025

1. Grain, Soybean Futures Higher in Overnight Trading

Grain and soybean futures were higher in overnight trading on concerns about dry weather in the Canadian Prairies and hot weather in the U.S. Midwest. 

Southern Canada is expected to turn warmer and drier, increasing stress on crops in early July, Commodity Weather Group said in a note to clients. 

Dry weather in the U.S. northern Plains and Canadian Prairies may possibly curb yields, the forecaster said. 

In Europe, meanwhile, hot and dry weather will lead to stress on 60% of the bloc’s corn crop, CWG said. 

Heat advisories and warnings have been in effect this week in much of the eastern U.S. where a heat wave continues through at least today, according to the National Weather Service. 

Heat indexes in eastern Illinois and much of Indiana are forecast to hit triple digits again today. 

Drought is spreading slowly in Nebraska where more than 77% of the state is now facing drought conditions, according to the U.S. Drought Monitor. That’s up from 76% a week earlier. 

Still, only 6.1% of a nine-state region that includes Iowa and Illinois, the biggest producers of both corn and soybeans, was suffering from drought as of June 24, the monitor said, down from 7.5% the week prior. 

Corn futures for December delivery rose 6 1/2¢ to $4.27 1/2 a bushel overnight on the Chicago Board of Trade. 

Wheat futures for September delivery gained 6¢ to $5.42 3/4 a bushel, while Kansas City futures added 4 1/2¢ to $5.38 1/4 a bushel. 

Soybean futures for November delivery rose 6¢ to $10.22 1/2 a bushel. Soymeal was up 40¢ to $287.50 a short ton and soy oil gained 0.04¢ to 52.89¢ a pound. 

2. Export Sales of Corn, Beans Fall Weekly

Export sales of corn and beans declined in the week that ended on June 19, according to data from the Ag Department. 

Corn sales were reported at 741,200 metric tons, down 18% from the previous week and 17% from the prior four-week average, the agency said. 

Colombia was the big buyer at 191,000 tons, followed by Japan at 178,900 tons and Mexico at 105,300 tons. An unnamed country purchased 100,400 tons and Spain took 93,000 tons. 

The weekly total would’ve been higher, but Egypt canceled orders for 70,700 tons and Turkey nixed shipments of 55,000 tons. 

Exports for the week dropped 16% to 1.47 million tons. 

Soybean sales last week totaled 402,900 metric tons, down 16% week to week, USDA said. Still, that was up 83% from the prior four-week average. 

The Netherlands bought 63,400 tons, Mexico was in for 60,600 tons, Germany took 58,300 tons and Bangladesh purchased 55,000 tons. An unnamed country canceled cargoes of 38,600 tons. 

Exports last week came in at 265,600 tons, down 24% on a weekly basis, the government said. 

Wheat sales also dropped, falling to 255,200 metric tons from 427,200 tons the previous week, USDA said. 

Japan was in for 93,600 tons, Mexico bought 83,200 tons, South Korea took 22,500 tons Jamaica purchased 17,400 tons and Colombia was in for 14,000 tons. 

Exports of U.S. wheat for the week totaled 256,300 tons, down from 363,500 tons the week prior, the agency said in its report. 

3. Storms Forecast in Parts of Central Iowa

Storms are expected in parts of central Iowa this evening into tomorrow morning with strong winds being the main concern, according to the National Weather Service. 

More storms will follow this weekend, though the risk of severe weather on Sunday is low, the agency said. 

Temperatures in the area will remain high, reaching into the high 90s on both Saturday and Sunday. 

Further east, heat advisories have been issued for several states including parts of Illinois, Indiana and Ohio. 

In northern Indiana and southern Michigan, heat indexes are forecast to rise as high as 101 degrees Fahrenheit this afternoon into the evening. 

Some scattered showers may bring “limited” relief, NWS said.