# AgDay Markets Now: Don Roose Explains Why Grains Pushed to New Near Term Lows - AgWeb

> Grain futures hit new near-term lows on June 25 as funds sold heavily ahead of the June 28 USDA acreage and stocks reports. Don Roose of U.S. Commodities said funds are near record short positions and that traders were removing weather premium despite flooding in the northwest Corn Belt. Soybeans and corn both posted new lows.

- Date: 2024-06-26 · published 2024-06-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29810-agday-markets-now-don-roose-explains-why-grains-pushed-to-new-near-term-lows
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Fund liquidation and bearish technical signals pressured the complex lower, which lowers feed costs for buyers in the near term. Price direction hinges on the upcoming USDA reports.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2024-06-24 | 1 | -3.1% | -3.3 | Describes funds selling heavily and corn hitting new near-term lows as weather premium was removed ahead of the June 28 USDA reports, which fits the sharp price drop, though it is dated just after the move. |

## Sources

- agweb.com: https://www.agweb.com/markets/market-analysis/agday-markets-now-don-roose-explains-why-grains-pushed-new-near-term-lows

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