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Ag markets were mostly lower on Tuesday as funds continued liquidating grain positions. Analysts said benign weather for the next 15 days across the Plains and Corn Belt drove the selling.
Cattle futures also fell ahead of the National Weather Service outlook update.
Benign weather and fund exits pressure corn and soybean prices, which lowers feed costs. Weaker cattle futures could signal softer demand for feed in the cattle complex.
agweb.comMichelle RookJun 3, 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 18 past bearish weather events, Live Cattle moved a median +0.1% over 5 sessions (56% higher; middle half -0.7% to +0.9%), and -0.1% 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.
