Current Trade:
Corn: 2 to 3 higher ($4.60 to $4.86) 10 cent range
Beans: 13 to 18 higher ($16.19 to $14.26) 24 cent range
Wheat: 11 to 12 higher ($10.29 to $10.11) 20 cent range
First Glance:
Corn Planted Acreage: 95.338 MA (94.371 MA Estimate)
March Stocks: 9.024 BBU (9.104 BBU Estimate)
- Corn continues to get interest from US farmers with the report saying acreage is about 1 MA higher than expected. The wildcards in the number are planting weather and how many farmers do not have enough fertilizer now that prices have shot higher because of the war. Any overall reduction to planted corn acreage from here brings $5 December futures in play on any perceived pollination scare.
Beans Planted Acreage: 84.700 MA (85.549 MA Estimate)
March Stocks: 2.105 MBU (2.067 MBU Estimate)
- The bean switch was more obvious with bean acres jumping nearly 5 MA over 2025, but still below pre-report estimates. Bean acres will creep higher if fertilizer prices do not fall in the next 4-6-weeks. Friday’s EPA announcement continues to be a supportive demand story as does high crude oil prices.
Wheat Planted Acreage: 43.775 MA (44.786 Estimate)
March Stocks: 1.300 MBU (1.310 MBU Estimate)
- Wheat had the most obvious acreage loss, but the dry S Plains weather and Straits closure continue to help wheat push higher. Wheat is on pace to have the highest daily close since last June.
Overview
The market will quickly go back to trading the war as these numbers are suggestions with farmer input coming before the war. None of the numbers is a surprise and the June number will be far more important. Crude oil reversed early losses on news Iran’s cyber military will be starting cyber-attacks on US companies in the Middle East if the war does not start. The new crop charts look neutral to bullish to add support for any bullish fundamental news. This will be today’s only report.
December Corn - Daily
November Beans – Daily
July Wheat – Daily
Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. No market data or other information is warranted by Reliance Capital Markets II LLC as to completeness or accuracy, express or implied, and is subject to change without notice. Any comments or statements made herein do not necessarily reflect those of Reliance Capital Markets II LLC, or their respective subsidiaries, affiliates, officers or employees. Disclaimer: Past performance is not indicative of future results. Strategic Trading Advisors is a registered DBA of Reliance Capital Markets ll LLC.
About Jody Lawrence
Jody Lawrence has been in the commodity brokerage and agriculture marketing business since 1992 and started Strategic Trading Advisors in 1999 and runs it today with his son Brady. The daily market comment his company publishes has over 7000 subscribers in 33 states and 3 countries and provides a concise overview of the world markets with ideas on farm hedging and marketing. Jody also travels the country giving 60-70 marketing meetings a year through his 22-year strategic partnership with Helena Agri-Enterprises.
About Brady Lawrence
Brady Lawrence is an Agriculture Market Specialist and Financial Advisor that focuses on commodities markets, futures and options brokerage, and helping individuals and families plan for retirement and their financial futures. Brady joined Jody at Strategic Trading Advisors in 2018 after college and supports the market research and brokerage sides of the business.