
Grain futures fell on Monday July 7, 2025, after rains fell across the US Plains and Midwest over the holiday weekend. Corn and soybeans were on the defensive, and the grains sector posted its largest cumulative loss of nearly 2.0%.
Trump also announced a tariff deadline delay to August 1 and threatened extra tariffs on BRICS-aligned nations.
Favorable rain lowers weather risk premium in corn and soybeans, while tariff headlines add uncertainty that pressures prices further.
After 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, SOY moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 70 past bearish weather events, KWHEAT moved a median -0.6% over 5 sessions (41% higher; middle half -3.9% to +2.5%), and -1.1% 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.