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July corn fell 29 1/4 cents last week to a contract low as mostly favorable early-season U.S. conditions weighed on both old- and new-crop futures. Wheat and soybeans also hit multi-month lows as funds liquidated positions across the ag complex.
Ethanol exports were cited as a bright spot amid record 2025 ethanol output.
Benign U.S. crop weather and fund selling point to near-term downside pressure on corn feed costs and related grains. Firm ethanol demand provides some support for the DDGS co-product outlook.
profarmer.comHillari MasonJun 7, 2026After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Weekly contract-low summary attributing the slide to favorable conditions and fund liquidation.
