# December corn futures settle at $4.40 as drought concerns clash with average crop ratings

> 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.

- Date: 2026-07-01 · published 2026-07-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/18831-december-corn-futures-settle-at-4-40-as-drought-concerns-clash-with-average
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/december-corn-futures-settle-at-4-40-as-drought-concerns-clash-with-average-crop-ratings

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