Corn Down Slightly. Wednesday, June 11, 2025
Ahead of 9:30 a.m. CT, July corn was down less than a penny at $4.38½ per bushel.
July soybeans were down 3¢ at $10.54¾ per bushel.
July wheat contracts were higher. CBOT wheat was up 3¼¢ at $5.37¾ per bushel. KC wheat was up 6¢ at $5.33¼. Minneapolis wheat was up 5¢ at $6.18¼.
“China and the United States appear to once again have an agreement after another set of high-level trade talks,” said Arlan Suderman, chief commodities economist at StoneX. “I mentioned yesterday how the differences between the two countries are vast — probably wider now than they were two months ago. Yet, they are establishing a pattern of finding areas to agree on each time they have high-level talks.
“The details of the current agreement are just coming out, but President Trump’s post on social media suggests that U.S. tariffs on China roll back to 55%, while China gets 10%. Of course, that 10% is likely on top of all of the other tariffs that China continues to charge. The 55% charged by the United States includes Trump’s baseline 10% reciprocal tariff, along with a 20% tariff for fentanyl trafficking and a 25% tariff reflecting pre-existing tariffs.
“The agreement apparently includes guarantees that China will supply magnets and rare earth minerals to the United States, while we loosen restrictions on technology that we export, and allow Chinese students to enroll in our colleges and universities. The latter had received increased scrutiny after a total of three Chinese nationals were arrested over the past two weeks while trying to smuggle biologicals that could have been used for agroterrorism into the United States via the University of Michigan. The agreement is still subject to final approval from both Trump and Chinese President Xi Jinping.”
Ahead of 9:30 a.m. CT, August livestock were mixed. Live cattle were down $1.28 at $216.93 per hundredweight (cwt). Feeder cattle were down $2.45 at $310.70 per cwt. Lean hogs were up $1.08 at $110.88 per cwt.
July crude oil was up $1.50 at $66.48 per barrel.
The U.S. Dollar Index June contract was down to 98.73.
June S&P 500 futures were up 18 points. June Dow futures were up 140 points.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
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