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July corn fell to $4.17 1/2 and soybeans lost 65 1/4 cents for the week. Corn futures are at oversold levels, but the 30-day Corn Belt forecast calls for regular showers and mostly favorable planting conditions.
Analysts expect most of the US corn crop to be rated in good condition.
Favorable Corn Belt weather and good crop ratings point to ample supply, keeping corn and soybean prices under pressure.
profarmer.comPro Farmer EditorsJun 5, 2026After 357 past bearish weather events, CORN moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
After 363 past bearish weather events, SOY moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% 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.
Favorable 30-day Corn Belt forecast and good crop condition expectations support higher supply outlook and weekly losses.
Weekly soybean loss of 65 cents with favorable planting forecasts reflects the weather-driven supply outlook.
