Chicago Close: Corn, Soy Up While Wheat Slips Again

Jul 04, 2025

Corn and soybean futures closed higher on Thursday, extending their recovery despite another drop in crude oil prices. Wheat markets, meanwhile, continued to struggle under the weight of ample global supply expectations.

Crude oil fell for the third consecutive session, with August WTI down 34 cents to $67.11 per barrel, as traders dialed back geopolitical risk premiums and focused on demand concerns. Corn drew strength from firm export demand and signs of resilience in US crop ratings despite mostly favorable Midwest growing conditions. Soybeans followed suit, with modest gains across the curve.

September corn climbed 2 ¼ cents to $4.20 ¼, and December gained 3 ½ cents to $4.37 ½. August soybeans added 2 cents to $10.55 ½, while November was up 1 ¼ cents at $10.48 ¾.

Wheat prices weakened again on harvest pressure and improving outlooks for Russian output. Chicago wheat led the declines, with September falling 7 ¼ cents to $5.56 ¼. Kansas City dropped 6 ¼ cents to $5.36, while September Minneapolis held steady at $6.50.

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Border View Farms is a mid-sized family farm that sits on the Ohio-Michigan border. My name is Nathan. I make and edit all of the videos posted here. I farm with my dad, Mark and uncle, Phil. We also have a part-time employee, Brock. My dad started the farm in 1980. Since then we have grown the operation from just a couple hundred acres to over 3,000. Watch my 500th video for a history of our farm I filmed with my dad.

I started making these videos in the fall of 2019 as a way to help show what I do on a daily basis as a farmer. Agriculture is different from any other industry and I believe the more people that are showing their small piece of agriculture, helps to build our story. We face unique challenges and stressful situations but have some of the most rewarding payoffs in the end. I get to spend everyday doing what I love, raising my kids on the farm, and trying to push our farm to be better every year. I hope that I can address questions or concerns that you might have about farms and agriculture.