Consus Ag Consulting AM Market Briefing

Friday, June 20th, 2025

The mixed tone of the market continued last night with corn and soybeans favoring the upside and wheat showing moderate declines. Much of this morning’s trade is consolidation after a choppy week, including yesterday’s holiday closure. Not much has changed fundamentally in the past 24 hours with weather and geopolitical developments being primary factors in price discovery. For weather, much of the US Corn Belt is forecast to see high temperatures near 100 degrees for the next 4 to 5 days. Heat is expected to break down following this, but still remain quite warm. Overnight temperatures are what should be monitored the most in this scenario, as nighttime heat tends to negatively impact corn yields. Not much has changed on the Iran/Israel front, and President Trump claims he will make a decision on getting involved within the next two weeks. The US has made considerable trade talk progress with the UK, but others seem to have stalled. Officials claim the White House is close to a deal with India, but is struggling with Japan progress. Export sales will be released this morning and trade is expecting favorable numbers.

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3 things to watch