Chicago Board of Trade corn futures extended losses on Tuesday to approach a 2025 low as improved U.S. crop ratings and forecasts for more benign weather fueled expectations for a bumper harvest.
U.S. corn and soybean futures firmed on Thursday on short covering and positioning ahead of the long U.S. Independence Day holiday weekend and a speech by President Donald Trump in farm-state Iowa later on Thursday.
U.S. grain and soybean futures rose on Wednesday in a bargain-buying and technical advance after recent declines and ahead of the Independence Day holiday weekend, with U.S. markets closed on Friday.
Chicago Board of Trade soybean futures ended mixed on Monday, with nearby contracts under pressure after quarterly stocks data from the U.S. Department of Agriculture showed larger-than-expected supplies as of June 1, analysts said.
Chicago Board of Trade corn and soybean futures hovered around multi-month lows on Thursday, with corn again notching life-of-contract lows, as favourable U.S. weather and expectations of record Brazilian crops maintained supply pressure.
Chicago Board of Trade front and back-month corn futures notched lifetime lows on Wednesday on expectations of a hefty Brazilian corn crop and a lack of weather threats for the large U.S. corn crop that has recently been seeded, traders said.
Chicago wheat futures sank on Tuesday on pressure from the ongoing harvest in the U.S. Plains and Black Sea as well as a lack of weather threats, analysts said.