Hedge Plus Reports

5.4 million bushels of '26/27 corn to South Korea...

Private exporters reported sales of 136,000 metric tons of corn for delivery to South Korea during the 2026/2027 marketing year

Wheat Sentiment: 3/10 Bearish

Wheat remains weighed down as expanding winter harvest operations strip out early-season risk premium. Immediate cash pipeline satisfaction offsets brewing Southern Hemisphere production anxieties and tightening European industrial grain pools

Soybeans Sentiment: 5/10 Neutral

Soybeans are trying to find a baseline after technical breakdowns triggered intense systematic fund selling. A green-energy tailwind is providing structural support and balancing the bearish weight of an incredibly rapid domestic planting pace

Corn Sentiment: 4/10 Mildly Bearish

Corn faces a defensive fundamental environment dominated by strong growing conditions and expanding South American supplies. Robust domestic processing demand offers a safety net, but lack of early-season crop duress keeps things capped

Selected grain contracts at settlement...

A technical driven, automated fund selling exodus steered the grain markets as weather outlooks offer little present fear...

July CORN: down 3½ cents to $4.40½

July SOYBEANS: down 15½ cents to $11.65¼

July WHEAT: down 5¾ cents to $6.03

The hog markets were a rare exception to the ag market selloffs today...

July hogs picked up $1.80 to wrap up the day at $101.65

Timely rainfall across the U.S. and Europe maintains a highly favorable, low-stress outlook for early corn and soybean development. Meanwhile, severe moisture deficits are shrinking the wheat crop in Australia, as a stalled monsoon threatens early planting windows across India

The first look at this year's spring wheat crop shows a good to excellent rating of 47%, dragged heavily by Montana where only 1% of the crop is rated G-to-E. It should be noted that 84% of the crop there is rated fair. Last year's initial rating had the crop at 50% G-to-E

The first soybean ratings for 2026 put this year's crop at 66% good to excellent, which like with corn, was just slightly below what was anticipated. Brisk planting continues with 87% planted as of 5/31 and emergence has now reached 65% versus the 5 year average of 57%

Initial U.S. corn ratings put the crop at 67% good to excellent. That's a little below what was expected, and 2% behind this time last year, but certainly not a score that would spark any fears. The crop is 93% planted and 76% emerged with good rains in the near term forecast