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Chicago soybeans and corn sagged Wednesday as favorable weather was forecast for the US Midwest. The most-active soybean contract settled down 27.25 cents at $11.92.75 and corn fell 8.75 cents to $4.71.75 per bushel.
Wheat ticked lower as traders weighed Black Sea export disruptions against large global supplies.
Benign Midwest weather reduces yield risk and pressures corn and soybean prices, while Black Sea disruptions are offset by ample global wheat stocks, limiting wheat gains.
reuters.comRenee HickmanJul 29, 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, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), 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.
On July 29 soybeans fell 27 cents as better Midwest rain forecasts eased weather risk premium, a major driver of the weekly drop.
Reuters reports corn fell 8.75 cents on favorable US Midwest weather, easing crop-stress risk premium and weighing on prices.
