Grains Continue to Climb. Thursday, July 3, 2025

Ahead of 9:15 a.m. CT, December corn was up 5¼¢ at $4.38¾ per bushel.

November soybeans were up 6¼¢ at $10.54¼ per bushel.

September wheat contracts were also higher. CBOT wheat was up less than a penny at $5.64½ per bushel. KC wheat was up 4¢ at $5.46¼. Minneapolis wheat was up 5¢ at $6.54.

This morning, USDA announced new export sales to unknown destinations:

• 150,000 metric tons of corn for the 2024/2025 marketing year,
• 226,000 metric tons of soybeans for the 2024/2025 marketing year,
• 195,000 metric tons of soybean cake and meal — 45,000 metric tons for the 2024/2025 marketing year and 150,000 metric tons for the 2025/2026 marketing year.

USDA also released the weekly U.S. Export Sales report this morning.

“USDA reported corn net export sales of 532,700 metric tons for the current marketing year and 940,200 for 2025/2026,” said The Brock Report. “Overall sales were within expectations, but they were more weighed toward new crop. Trade guesses had been 400,000-1 million metric tons for old crop and 500,000 to 900,000 for new.

“Soybean net export sales came in at 462,400 metric tons for old crop and 239,000 for 2025/2026, within trade guesses that ranged from 300,000-700,000 for old crop and 0-300,000 for new.”

August livestock were mixed ahead of 9:15 a.m. CT. Live cattle were up $1 at $213.45 per hundredweight (cwt). Feeder cattle were up 45¢ at $309.48 per cwt. Lean hogs were down 55¢ at $107.35 per cwt.

August crude oil was down 27¢ at $67.18 per barrel.

The U.S. Dollar Index September contract was up to 96.68.

Tags: wheat, live cattle, feeder cattle, lean hogs, corn, soybeans, EXPORT SALES