Consus Ag Consulting AM Market Briefing

Wednesday, June 18th, 2025

Futures were narrowly mixed overnight with grains firmer and soybeans steady to weak. Consolidation is developing ahead of another disrupted trading week. Markets have a normal close today and will remain closed until Thursday night for the Juneteenth holiday tomorrow. Many traders may opt to shore up positions today and make it an extended weekend. Most attention this morning is on outside markets, mainly the Fed interest rate decision later today, and escalated tensions in the Mideast. There are now thoughts the US may enter the fighting, and this is keeping investors out of several markets, including commodities. US weather is having more of an impact on the market following rating declines to both wheat and soybeans last week. Wheat is also seeing some quality concerns as rains delay harvest. Forecasts are calling for much hotter temperatures across the US this weekend and into next week. Areas that miss precipitation will likely start to show crop stress, especially in the Western Belt, where field scouts are already reporting dry soils. The market is struggling to attract fresh buying interest though, and until it does, futures will struggle.

Visit our YouTube channel, Consus Ag Consulting, for timely market video content, including our early morning “3 Things to Watch” with a quick look at the day’s top stories and our Friday afternoon livestock update! Click on the following link for this morning’s update.

3 things to watch