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Chicago corn and soybean futures fell as favorable U.S. crop weather boosted yield prospects. USDA rated 67% of corn and 66% of soybeans good to excellent, slightly below last year.
Ukraine's combined grain and oilseed harvest is forecast to rise, adding to export supply expectations.
Strong yield outlooks in the U.S. and larger Black Sea supplies increase global grain availability, which pressures U.S. export prices and feed grain values.
brecorder.comReutersJun 2, 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.
Favorable crop weather and 67% good-to-excellent ratings boosted yield prospects, pressuring prices.
