5/30/2025 8:00 am

Corn and soybeans are lower along with Chicago wheat as US/China talks are stalled while chatter the EPA will approve 19 refinery biofuel waivers for the 2024 year. Negotiations still going on for the other years back to 2016.

Weekly export sales were in the range on corn but slowing as cheaper S. American values gain market share for Aug forward. Soybean sales were disappointing but meal and soyoil export sales were big.

Look for 2 sided trade in corn today with CN holding above $4.43 support yet. July soybean support at $10.40. Mpls wheat continues to move higher on short covering while KWN holds support above $5.20-5.25.

 5/12/2025