Corn Futures Rise – U.S. Planting Pace Mixed, Weather Adds Uncertainty
Corn futures climbed on Tuesday, supported by rising wheat prices and weather-related delays in key U.S. states. Traders are closely watching planting progress and rainfall in the Corn Belt.
Exclusive Offers on CMBroker
Corn
yellow feed grade, moisture: 14.5% max
98%
FCA 0.23 €/kg
(from UA)
📊 Market Situation & Price Development
The July 2025 contract on the CBOT closed 7 ct higher at 454.50 ct/bu, while June corn on the Euronext rose €1.75 to €199.50/t.
| Market | Contract | Price | Daily Change | Trend |
|---|---|---|---|---|
| CBOT | Jul 25 | 454.50 ct/bu | +7.00 (▲ 1.57%) | ⬆️ |
| Euronext | Jun 25 | €199.50/t | +1.75 | ⬆️ |
🌍 Key Market Drivers
- Planting Progress Meets Expectations – But Uneven
According to the USDA’s Crop Progress Report, U.S. corn planting reached 78% as of Sunday, in line with expectations and ahead of the 5-year average (73%) and last year (67%).
– Delays were noted in: Illinois (–3%), Kentucky (–11%), Ohio (–12%), Tennessee (–3%) - Weather Outlook Raises Concerns
Rain is forecast for the next 7 days across the Eastern Corn Belt, which could further delay planting in already late areas.
This increases speculation that some farmers may claim crop insurance rather than plant late corn. - Emergence Ahead of Average
50% of planted corn has emerged, compared to a historical average of 40%, supporting early growth where planting is complete. - Argentina Export Tax Hike Announced
Argentina’s reduced 9.5% export tax will expire on June 30 and return to 12% starting July 1. This may incentivise short-term shipments and reduce competitiveness in Q3. - Spillover from Wheat Strength
Rising wheat prices have pulled corn higher as part of the broader grain complex.
💼 Trading Strategy & Market Outlook
Corn shows near-term strength but remains weather-sensitive. Uncertainty about late planting and Argentine export flows could increase volatility.
Strategy:
– Bullish bias continues above 450 ct
– Monitor Eastern Corn Belt precipitation
– Exporters may benefit from short-term Argentine front-loading
📈 3-Day Price Forecast (CBOT Jul 25)
| Date | Expected Range (ct/bu) | Forecast |
|---|---|---|
| May 22 | 450–458 | ⬆️ Supported |
| May 23 | 448–455 | ➡️ Consolidation |
| May 24 | 447–460 | ➡️ Weather-driven |
🌦️ 14-Day Weather Outlook – Corn Belt (USA)
| Region | Trend | Notes |
|---|---|---|
| Iowa/Nebraska | 🌤️ Mostly dry | Planting nearly complete |
| Illinois | 🌧️ Delays expected | May slow final planting progress |
| Ohio/Kentucky | 🌧️ Wetter | Further setbacks are likely; some acres may be abandoned |
| Indiana | 🌧️ Rainy | Emergence is likely to continue, planting lags |