# U.S. grains: Corn sags on long liquidation, favourable crop conditions - Manitoba Co-operator

> US corn futures fell on June 1 on technical selling, fund long liquidation, and favorable crop ratings, with 79% of the crop rated good to excellent. July corn settled at $3.91-1/2, down 14.5 cents for the week, its largest weekly drop since June 2017. Wheat also declined as the US winter wheat harvest began, while soybeans firmed ahead of US-China trade talks.

- Date: 2018-06-01 · published 2018-06-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/64553-u-s-grains-corn-sags-on-long-liquidation-favourable-crop-conditions-manitoba-co
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heavy fund long positions and strong crop ratings leave corn vulnerable to further liquidation, and the harvest start adds seasonal wheat pressure for feed buyers.

## Read by commodity

- SOY: bullish ▲
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/daily/u-s-grains-corn-sags-on-long-liquidation-favourable-crop-conditions/

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