Corn futures managed small gains on Wednesday, while both wheat and soybeans closed with losses.
Wheat futures ended lower as traders took profits and technical selling emerged after two straight sessions of gains. Losses were limited, however, by ongoing concerns about poor crop conditions in the Plains, even as forecasts called for upcoming rains to help stabilize yield potential in parts of the central Plains. July Chicago and Kansas City wheat both lost 5 ¾ cents to settle at $6.07 and $6.50, respectively. July Hard Red Spring fell 2 cents to $6.77 ½, and July Minneapolis was down 2 ¼ cents at $6.81.
Corn still closed in the black but pared earlier gains that were largely driven by 6- to 10-day forecasts showing above normal precipitation for most of the Corn Belt as producers try to plant the 2026 crop. July added ¾ of a cent to $4.62 ¾, and December was up a ½ cent at $4.82 ¼.
Soybeans were pulled lower by profit taking and overbought ideas. July was down 10 ¾ cents at $11.79 ½, and November dropped 10 ½ cents to $11.56.
