Corn, wheat, and soybean futures ended higher in post-USDA trade on Tuesday, with wheat leading the advances.
Wheat climbed sharply after the USDA delivered bullish surprises in both its acreage and grain stocks reports. American all-wheat plantings for 2026 were estimated at 42.74 million acres, more than 1 million below the 43.8 million expected by traders. Spring wheat and durum area also fell short of expectations, while June 1 wheat stocks of 920 million bu came in below the 931 million bu trade forecast. September Chicago gained 9 ½ cents to $5.89 ¼, and September Kansas City added 10 ½ cents to $6.25 ¼. September Hard Red Spring was 17 ¼ cents higher at $5.98 ¼, and September Minneapolis was up 5 ¾ cents at $6.06 ½.
Corn advanced after the USDA estimated June 1 stocks at 5.29 billion bu, below the average trade expectation of 5.415 billion. The lower-than-anticipated inventory suggested stronger old-crop demand and overshadowed the acreage report, which put 2026 corn plantings at 95.3 million acres—virtually unchanged from March and close to expectations. September closed up 6 ½ cents at $4.16 ¾, and December gained 6 cents to $4.36.
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