The US Midwest Crop Tour begins, offering insights into corn and soybean supply and demand. Commercial views show stability in corn, despite new-crop futures spreads. Soybean situation is bearish, despite fewer acres planted in 2025.

Corn market starts the week in the red with a 3.25-cent trading range for December issue. New-crop futures spreads suggest stabilization in corn supply and demand after covering full commercial carry. Commercial side has likely factored in largest production scenario and expected demand.

Soybean market under light pressure as largest buyer stays out overnight. Futures spreads indicate loss of planted soybean area to corn, leading to a bearish situation despite fewer acres. Commercial side anticipates more soybean supplies relative to demand, including carryover from 2024.

Wheat market also in the red pre-dawn with more sellers than buyers. CFTC report shows net-short futures positions in all three markets. SRW and HRW futures spreads hover between neutral and bearish levels since last March. Equilibrium reached in neutral-to-bearish territory, with no fundamental reason for bullish outlook. 1. The stock market closed with record highs today, with the S&P 500 reaching a new peak of 4,500 points. This surge was fueled by strong economic data and positive earnings reports from major companies.

2. In international news, China announced a crackdown on cryptocurrency mining, causing bitcoin prices to plummet by 10%. This move comes as part of China’s efforts to regulate the digital currency market and reduce energy consumption.

3. Researchers have discovered a new species of dinosaur in Argentina, named Llukalkan aliocranianus. This fearsome predator had a unique skull structure and is estimated to have lived around 85 million years ago during the Late Cretaceous period.

4. The United Nations reported a significant increase in humanitarian aid needs worldwide, with over 235 million people requiring assistance and protection. This marks a 40% rise in the number of people in need compared to the previous year, highlighting the growing impact of conflicts and natural disasters.

Read more at Yahoo Finance: What Will the 2025 US Midwest Crop Tour Tell Us This Week?