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December corn futures settled at $4.40 as drought concerns in parts of the Corn Belt were weighed against average crop condition ratings. The commentary also covers a possible strong El Niño, Middle East truce talks and the effect of a June WASDE report that changed little for corn and soybeans.
Drought risk and El Niño forecasts support prices, but average crop ratings and automated trading limit upside. Feed buyers face uncertainty over the size of the 2026 crop.
farmprogress.comBryce KnorrJul 1, 2026Not 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.
