Corn Closes Up More Than 5¢. Tuesday, June 10, 2025

July corn ended the day up 5¼¢ at $4.38¾ per bushel.

July soybeans closed up 1¾¢ at $10.57¾ per bushel.

July wheat contracts closed lower. CBOT wheat ended the day down 7½¢ at $5.34½ per bushel. KC wheat was down 10¼¢ at $5.27¼. Minneapolis wheat was down 9¼¢ at $6.13¼.

“All three wheat classes posted sizable losses for a second consecutive session following improvements in winter and spring wheat crop conditions, as reported in the latest USDA Crop Progress report,” said the Grain Market Insider newsletter by Stewart-Peterson Inc. “Adding to the bearish tone was an overnight statement from Russia’s Deputy Prime Minister, projecting this year’s Russian grain harvest at 135 million metric tons — a 7% increase from last year.”

Concerning soybeans, the newsletter said: “Soybeans ended the day in positive territory, though well off their session highs. Beneficial weather continues to provide resistance, while optimism over potential trade deals is offering support. Reports indicate that U.S.–China trade talks went well yesterday, but no official agreement has been announced.”

The newsletter also noted that despite an increase in corn’s good/excellent rating in yesterday’s Crop Progress report, corn prices “rebounded off session lows” to end the day higher. This could “signal the beginning of position-squaring” prior to the June World Agricultural Supply and Demand Estimates (WASDE) report expected Thursday, June 12.

August live cattle ended the day down $1.05 at $218.20 per hundredweight (cwt). August feeder cattle closed up $1.50 at $313.15 per cwt. August lean hogs were down 30¢ at $109.80 per cwt.

As of 3:48 p.m. CT, July crude oil was down 56¢ at $64.73 per barrel.

June S&P 500 futures were up 31 points. June Dow futures were up 93 points.

Tags: corn, soybeans, wheat, futures, live cattle, feeder cattle, lean hogs