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Grain markets lost bullish momentum as spring planting neared completion across the Corn Belt, with corn 93% and soybeans 87% planted. USDA's first crop condition ratings put corn at 67% good to excellent and soybeans at 66%.
Argentina's projected corn crop is 15 million tonnes above last year, and South American harvest exports are undercutting U.S. old-crop sales.
Seasonal selling pressure and cheaper South American supplies are pushing corn, soybean and wheat prices lower, which lowers feed ingredient costs for buyers in the near term.
midwestfarmreport.comPam JahnkeJun 2, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
Seasonal slump with planting nearly complete, large Argentine crop and South American exports undercutting US old-crop sales.
