Corn and soybeans futures continued to lose ground on Tuesday following bearish USDA reports released a day earlier. Wheat was mixed, with winter wheat contracts lower and spring wheat higher.
Corn hit a three-month low as prices remained pointed lower after the USDA on Monday raised its 2025 US corn yield, production, and ending stocks estimates, defying market expectations for a decline. Reports said today’s losses were limited by bargain buying. March corn eased 1 ¾ cents to $4.19 ¾, and December lost 5 ¾ cents to $4.45 ¾.
Along with Monday’s USDA report, which cut US exports and raised ending stocks, soybeans were dented by good weather for crops in Brazil. The USDA also raised its view of the 2025-26 Brazil soybean crop to a record 178 million tonnes, up 3 million from its December forecast. March beans lost 10 ¼ cents to $10.38 ¾, and November 2026 dropped 8 ¾ cents to $10.58 ¼.
Winter wheat markets saw continued pressure today from a higher-than-expected 2026 US winter wheat acreage estimate on Monday. US and global wheat ending stocks were also revised higher. March Chicago slipped ¾ of a cent to $5.10 ½, and March Kansas City dropped 7 ¼ cents to $5.19 ½. March Hard Red Spring managed a 3 ½-cent gain to $5.59 ½, and March Minneapolis was up ¾ of a cent at $5.66 ½.
