Sharp Decline in Corn | Monday, June 16, 2025

At the market close, July corn was down 9¾¢ at $4.34¾ per bushel.

July soybeans were unchanged at $10.69¾ per bushel.

Jamey Kohake, senior risk manager with Pinion said the Friday renewable volume obligation numbers were seemingly forgotten, affecting the weaker close, “[Estimates for] the second crop down in South America are getting larger and larger, and that’s overhanging into our markets with no significant weather situation out there.”

Kohake said the strength is all in the soybean oil market, which was strong at the close. Still, he added, there’s a lot of pressure coming out of South America with their record crop.

The wheat markets were lower at the close. July CBOT wheat was down 7¼¢ at $5.36½ per bushel. September KC wheat dropped 4¼¢ at $5.50¾ per bushel. September Minneapolis wheat fell 9¼¢ at $6.36 per bushel.

August live cattle were up $3.10 at $215.55 per hundredweight (cwt). August feeder cattle was $3.80 higher at $310.22 per cwt. August lean hogs increased $2.55 at $112.67 per cwt.

Just before 3:00 p.m. CT, June crude oil was down $1.44 at $69.85 per barrel.

June S&P 500 futures were up 52 points. June Dow jumped 302 points.

The June U.S. Dollar Index was down 95 points.

Published: 3:30 p.m. CT

Corn Starts Week Sharply Down: 9:39 a.m. CT

Just after 9:00 a.m. CT, July corn was down 10½¢ at $4.34 per bushel.

July soybeans were 2¾¢ higher at $10.72½ per bushel.

“The mixed trend of the market has carried over into this week’s start with grains in the red and soybeans higher. Soybeans continue to take strength from soy oil following last Friday’s announcement that the proposed biodiesel blend rate would increase to 5.6 billion gallons, more than trade was expecting.” Karl Setzer, partner with Consus Ag Consulting said, “While soybean gains are limited to start the week, soy oil is again sharply higher with thoughts we will see a record crush total for May.”

The wheat markets started the week in the red. July CBOT wheat was down 8½¢ at $5.35¼ per bushel. September KC wheat dropped 6¼¢ at $5.48¾ per bushel. September Minneapolis wheat fell 6¢ at $6.39¼ per bushel.

August live cattle were up $2.95 at $215.40 per hundredweight (cwt). August feeder cattle was $2.37 stronger at $308.80 per cwt. July lean hogs were $1.15 higher at $111.27 per cwt.

June crude oil was down $2.21 at $69.08 per barrel.

June S&P 500 futures were up 65 points. June Dow jumped 463 points.

The June U.S. Dollar Index was down 470 points.