Corn, soybean and most wheat futures closed lower on Monday as traders awaited the USDA WASDE report; feeder cattle, live cattle and lean hog futures rose after the previous week's sell-off. USDA export inspections showed 905,267 metric tons of corn, 1.896 million tons of soybeans and 247,536 tons of wheat, and the agency reported a 110,000-ton corn sale to Mexico for 2026/27.
The article also cited changing South American rainfall forecasts and funds' positions as market considerations.
The Mexico corn sale and export inspections support demand, while expectations for WASDE and improving rain prospects in parts of Brazil weighed on grain sentiment. The reported futures moves were modest, and no major new supply shock was identified.
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.
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.