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Chicago corn and soybean futures closed lower on April 29, 2025, as U.S. planting accelerated and little new U.S.-China trade news emerged. Soft red winter wheat hit new contract lows on timely U.S. rainfall and Russian supply questions, while the EPA issued an emergency waiver for higher-ethanol gasoline and no new biofuel subsidies were announced.
Favorable planting weather and South American crop conditions reduce weather premium, pressuring corn, soybean and soyoil prices, while the lack of biofuel subsidies weighs on soyoil demand.
grainews.caP.J. Huffstutter, ReutersApr 29, 2025After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 49 past bearish weather events, Soybean Oil moved a median -0.5% over 5 sessions (43% higher; middle half -3.2% to +1.0%), and -0.3% over 20.
After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
