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Corn and soybeans fell on August 27 amid end-of-month profit taking after the Pro Farmer tour's lower yield estimate of 182.7 bu/acre versus USDA's 188.8. Soybean basis weakened with no Chinese purchases, though a Chinese delegation was in the US that week.
Dry August conditions in the Eastern Corn Belt were noted as a possible yield drag on soybeans.
Weak basis and missing Chinese demand pressure soybean values despite some yield risk, while corn trades range-bound awaiting harvest yield data. A confirmed Chinese purchase would be the main upside catalyst.
agweb.comMichelle RookAug 27, 2025Not 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.
