# Grain Markets Face Seasonal Slump - Mid-West Farm Report

> 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.

- Date: 2026-06-02 · published 2026-06-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10696-grain-markets-face-seasonal-slump-mid-west-farm-report
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2026-06-05 | 5 | -5.5% | -3.4 | Seasonal slump with planting nearly complete, large Argentine crop and South American exports undercutting US old-crop sales. |

## Sources

- midwestfarmreport.com: https://www.midwestfarmreport.com/2026/06/02/grain-markets-face-seasonal-slump/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.