The USDA’s latest Crop Progress and Conditions report, released on June 9, 2025, highlighted steady advancements in US corn, soybean, and wheat production. Corn planting reached 97%, aligning with the five-year average, with 87% of the crop emerged and 71% rated good-to-excellent. Soybeans saw 90% planted, ahead of the typical pace, with 68% in good-to-excellent condition. Winter wheat harvest is at 4%, with crop conditions showing a slight improvement.
Market reactions were largely bearish, market players say, as favorable weather and solid planting progress eased supply concerns. Corn futures dipped, reflecting sufficient Midwest rainfall and a lack of weather risks. Soybeans experienced mixed trading, initially buoyed by optimism over US/China trade but later softening due to the strong planting numbers and healthy crop ratings. Wheat futures fell notably, pressured by the onset of the winter wheat harvest and improved crop conditions, which suggested ample near-term supply.
Market players say the report underscores a promising start to the growing season, with weather conditions supporting timely planting and healthy crop development. However, markets remain cautious, balancing these positive indicators against global trade dynamics and upcoming reports, such as the WASDE. For now, the data points to a stable supply outlook, tempering bullish sentiment in the grain markets.
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Written by Murphy Campbell
