Soybeans Up Nearly 6¢ | Tuesday, May 27, 2025

As of 9 a.m. CT, July corn was up 2½¢ at $4.62 per bushel.

July soybeans were up 5½¢ at $10.65¾ per bushel.

July wheat contracts were lower. CBOT wheat was down 8¾¢ at $5.33¾ per bushel. KC wheat was down 10½¢ at $5.28¼. Minneapolis wheat was down 4½¢ at $6.02.

“USDA is expected to release its weekly crop progress and conditions report this afternoon, after being closed for the Memorial Day holiday yesterday,” said Arlan Suderman, chief commodities economist at StoneX. “The report is expected to show that both the corn and soybean crops are being planted in a very timely way, with most of the Midwest enjoying improved moisture as well. It will likely show some planting delays continuing for areas of the southern and eastern Midwest. However, the market doesn’t expect that to be a significant factor when much of the remainder of the Midwest sees a nearly ideal start to the growing season. We still face risks of dryness stressing early seedling growth in the central part of the Midwest over the coming week to 10 days, focused on northern Illinois, northwestern Indiana, [and] parts of Missouri and Iowa.

“The focus is expected to shift more to longer-range weather patterns as we turn the calendar to June next week. Forecasters still speak of elevated risks of a hot, dry growing season for central and western portions of the Midwest this summer. Forecasts in June should provide some insight into whether that is a pattern that will be developing.”  

August live cattle were down 45¢ at $210 per hundredweight (cwt) as of 9:01 a.m. CT. August feeder cattle were down 33¢ at $300.05 per cwt. July lean hogs were down 48¢ at $101.08 per cwt.

July crude oil was down 39¢ at $61.14 per barrel.

The U.S. Dollar Index June contract was up to 99.32.

June S&P 500 futures were up 75 points. June Dow futures were up 409 points.

Published: 9:39 a.m. CT