Corn futures ended modestly lower on Tuesday, while soybeans inched higher and wheat was mixed.
Soybeans were supported by renewed Chinese demand and lingering uncertainty over U.S. production. The USDA reported a private sale of 136,000 tonnes of soybeans to China for delivery in 2026-27. Concerns about wet conditions during the important pod-filling period also offered underlying support. November beans added ¾ of a cent to $12.16 ¾, and March was up 2 ½ cents at $12.38 ¼.
Corn came under light selling pressure after recent gains, even as uncertainty remains over yield potential following excessive rain and flooding in parts of the central Corn Belt. The ProFarmer Crop Tour started on Monday, with South Dakota corn yields averaging 149.09 bu/acre down 14.41% from the last year and 8.37% below the three-year average. Ohio yields came in at 180.18 bu, down 2.97% from a year ago and a 2.25% decline from the three-year average. December corn slipped 1 ½ cents to $4.88, and March was down 1 ¼ cents at $5.04.
Wheat futures were mixed. Winter wheat contracts moved lower as traders took some profits following the market’s recent rally. On the other hand, spring wheat was higher amid a smaller U.S. crop this year. Black Sea uncertainty continued to provide a floor beneath the broader wheat market. December Chicago was down 8 cents at $6.81 ¼, and December Kansas City lost 13 ¼ cents to $7.58 ½. December Hard Red Spring gained 3 ½ cents to $7.04 ¾, and December Minneapolis inched ¾ of a cent higher to $7.03 ¾.
