Eddyville

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Market Commentary 06/02/2025

Corn started stronger to start the week but finished lower along with beans to end the day. Neither corn nor beans could find the strength to continue higher with lack of bullish news, a wet forecast, and increasing tensions between Russia and Ukraine, and increasing trade tensions between the US and China. Export sale for corn were lower, but still strong from a year ago. US corn is 93% planted and 69% in good to excellent condition. US Soybean planting is 84% complete with 67% in good to excellent condition. Live and Feeder Cattel are back to trading higher after some recent sell offs. Beef demand seems to be strong, and the inventory is still tight. The weather maps look wet for much the Midwest Starting tonight for the next 7 days. Rain will be very welcomed in the west, and not so welcomed in the east and to the South. Regardless, rain doesn’t make a market weather rally right now. Make sure to get offers in and to be ready to sell when the opportunity comes. Have a good evening. 

Have a price target in mind for your next sale? Using firm bid offers are a great way to capture volatility during the busy planting season!

** This communication has been prepared by Cargill, Incorporated.  The information in this communication does not constitute “investment service,” “investment advice,” or “financial product advice” as defined by laws and/or regulations in any jurisdiction, and the contents of this communication should not be construed as investment, legal or tax advice.  Each person should seek independent investment, legal and tax advice concerning the consequence of entering any transaction.