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November soybeans fell 27 1/4 cents to $11.92 3/4 and December corn lost 8 3/4 cents to $4.71 3/4, both near daily lows. September soybean meal and soyoil also hit multi-week lows.
Forecasts now call for better rain in the far western Corn Belt over the next two weeks.
Profit-taking and weaker long positions pushed grains and oilseeds lower, and better rainfall forecasts reduce weather risk. Soybean meal and oil weakness points to softer feed and oil prices.
profarmer.comPro Farmer EditorsJul 29, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
December corn lost 8.75 cents on July 29 as forecasts improved for rain in the far western Corn Belt, directly adding to the weekly drop.
November soybeans broke below $12 with meal and soyoil at multi-week lows on improved western Corn Belt rain forecasts.
Soybeans broke below $12 on improved weather forecasts and soyoil hit multi-week lows, showing continued complex-wide selling late in the window.
