Midday Trade
- Corn 5 to 6 higher ($4.08 to $4.26)
- Soybeans 12 to 17 higher ($10.00 to $10.16)
- Wheat 12 to 15 higher ($5.51 to $5.65)
- Basis
- Live Cattle
- Lean Hogs
- Dow Jones
- Crude Oil
All three markets are continuing last week’s rally with beans up over 25-cents at one point and up over 60-cents a bushel in just the last 2-weeks on fund short covering and a steady stream of Chinese purchases over the last several weeks.
Sell another 25% of your 2024 new crop beans and the first 25% of your 2025 beans at the market and be watching for an updated bean Sales Target in today’s comment. This sale brings 2024 bean sales to 50% complete and is the first for 2025. The old and new crop corn and wheat Sales Targets are getting closer after the recent strength.
May 2025 Beans — Daily
Sales Targets
Last Updated: 09/09/2025
Sales Targets – Last Updated September 3rd ** Updated – 2024 and 2025 Bean Sales Targets ** Trading Profit or Losses Last Updated June 16th
Corn
Beans
Wheat
- 2023 Crop 25% at $4.15 – Dec ‘24 Finished Finished
- 65% Sold at $5.40 Avg* 100% Sold at $13.24 Avg* 100% Sold at $6.60 Avg
- Current Price $4.07
- 2024 Crop 25% at $4.45 – May ‘25 25% at $10.80 – May ‘25 20% at $5.80 – Dec ‘24
- No Sales Yet 50% Sold at $11.38 Avg 45% Sold at $6.52 Avg
- Current Price $4.28 $10.55 $5.65
- 2025 Crop 20% at $4.65 – Dec ‘25 25% at $10.90 – Nov ‘25 25% at $6.35 – July ‘25
- No Sales Yet 25% Sold at $10.60 20% Sold at $7.50 Avg
- Current Price $4.43 $10.58 $6.02
%’s are total of expected yields. Bold Prices are Updated Sales Targets. * price includes trading
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.