Corn and soybean futures ended Friday on a weaker note, with wheat closing mixed.
Corn saw gains earlier in the day as the USDA reported a private export sale of 125,000 tonnes of 2025-26 corn to unknown destinations this morning. However, the market eventually settled lower on continued heavy supply sentiment. Most traders and analysts expect the USDA to revise its 2025 average US corn yield estimate up from the current 181 bu/acre in Tuesday’s supply-demand update. September corn eased 1 ¾ cents to $3.82 ¾, and December was down 1 ½ cents at $4.05 ½.
Soybeans also remained under pressure from big US crop ideas, even as lower prices have generated additional export demand interest. September beans fell 6 ¼ cents to $9.67 ¾, and November lost 6 ¼ cents to $9.87 ½.
The Chicago and Kansas City winter wheat markets were lower today, but the spring wheat markets gained. Heavy global supplies following large Northern Hemisphere harvests have remained a bearish factor for wheat in general. The US spring wheat harvest remains in its early stages. The USDA has the 2025-26 US wheat export book at 10.309 million tonnes in shipped and unshipped sales, which is the highest since 2017-18 for this week. That is 20% ahead of last year and 45% of the USDA forecast, which is ahead of the 41% average pace. September Chicago fell 3 ¾ cents to $5.14 ½, and September Kansas City was down 3 ¼ cents at $5.18 ¼. September Hard Red Spring was up 4 ½ cents to $5.17 ½, and September Minneapolis added 2 ¾ cents to $5.76 ¾.
