Loading…
Grain and cattle futures ended sharply lower on June 29, with corn setting new contract lows and oats down about 6% in July. Analyst Mike Zuzolo attributed the pressure to fund liquidation after July option expiration and to shifting U.S. weather, while Paris corn hit new contract highs on EU drought and heat.
Funds exiting long positions and improved U.S. and Canadian Prairie weather point to near-term downside for corn and oats, while the divergence from EU heat risk leaves a possible upside catalyst if the spread narrows.
agweb.comMichelle RookJun 29, 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.
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.
Fund liquidation and risk-off selling across grains on June 29, with oats down about 6% in July, directly contributed to the sharp weekly drop via sentiment and positioning.
