Corn, wheat, and soybean futures all ended lower on Tuesday, with soybeans setting a fresh seven-week low.
Uncertainty over whether China will step forward for the expected 12 million tonnes of US purchases in the coming weeks continued to undermine the soybean market, which also saw more pressure from an expected record large 2025-26 Brazilian harvest. The market has now given back all the China soybean rally, as futures filled the October chart gaps this morning, said today’s Barchart market commentary. Losses in crude oil were also negative for soybean values. March beans lost 9 ½ cents to $10.71 ¾, and November 2026 dropped 8 ¼ cents to $10.80 ¼.
Wheat fell for the third straight day, with large global harvests and ideas that talks aimed at ending the Russia-Ukraine war are making good progress. US President Donald Trump said Monday that peace in the nearly four-year conflict was closer than ever. March Chicago fell 11 ¼ cents to $5.09 ½, and March Kansas City lost 7 cents to $5.05. March Hard Red Spring was down 4 ¾ cents at $5.49, and March Minneapolis closed 3 ¾ cents lower at $5.65 ¼.
Corn was pressured by the losses in wheat, with March falling 3 ¼ cents to $4.36 ½, and December down 1 ½ cents at $4.59 ½.
