Grain markets are holding steady despite recent geopolitical and policy developments. Corn and soybean futures are trading higher, while wheat is seeing some weakness amid potential peace talks between Russia and Ukraine.

Corn and soybean markets remain resilient despite weekend tariff announcements from President Trump. Traders appear focused on supply fundamentals rather than policy risks. Wheat, however, is under pressure as potential peace negotiations could stabilize global wheat supplies.

Recent rains in Argentina have improved crop conditions, with stress levels now at 10%. While this would typically be bearish, analysts believe damage has already occurred, with true production losses becoming evident at harvest. In the U.S., winterkill damage has been reported in the Western Plains.

Export demand remains a bright spot, with 100,000 metric tons of corn sold to Colombia. The U.S. Dollar Index is trading higher at 106.91, which could weigh on future export competitiveness, while the Brazilian Real remains unchanged at 17.47.

Technical Outlook

Corn remains bullish, with resistance at $5.08 and support at $4.88. A close below 472.5 could shift sentiment. Soybeans are consolidating, with key levels at $10.22 for support and $10.50 for resistance. A move below $10.22 could trigger selling, while a break above $10.58 would indicate renewed bullish momentum. Wheat remains weaker due to geopolitical uncertainty.

Market Trends & Risks

Corn and soybean markets are holding strong as traders focus on fundamentals. However, potential tariff escalations, a stronger U.S. dollar, and continued geopolitical shifts could influence price direction. Weather risks, particularly in Argentina, remain an open question, with upcoming harvest reports being key.

Conclusion

Despite external risks, grain markets are showing resilience, particularly in corn and soybeans. Wheat’s outlook is weaker due to geopolitical optimism, but broader market trends suggest traders are maintaining a bullish stance in the near term. Looking ahead, weather conditions, export demand, and global trade policy will shape price movements.