Loading…
Corn and wheat fell early Wednesday as crude oil eased on progress in US-Iran peace talks, with traders viewing the war as largely settled. Soybeans, cattle and hogs were mostly higher, and planting progress for corn reached 86% nationally, ahead of the five-year average.
Lower crude oil reduces ethanol and biofuel demand expectations, pressuring corn and wheat, while ahead-of-average planting limits weather premium.
agweb.comMichelle RookJun 1, 2026After 301 past bearish macro events, Corn moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +0.2% over 20.
After 69 past bearish macro events, Wheat (SRW) moved a median -0.5% over 5 sessions (35% higher; middle half -2.6% to +0.8%), and -0.7% over 20.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 123 past bullish macro events, Soybeans moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), and -0.4% 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.
