Chicago grain futures saw a mixed but overall weaker close on Tuesday, as soybeans, corn, and wheat struggled to hold onto gains despite key global developments, including shifting South American production estimates, China’s demand outlook, and ongoing Russian and Brazilian trade activity.
With the USDA’s WASDE report due later in the day, traders are closely monitoring supply forecasts and global trade flows. Here's how wheat, corn, and soybean futures are positioned at the start of Tuesday’s session and the broader factors shaping today's market.
Weak demand, expanding global supplies, and macroeconomic concerns continue to weigh on prices, despite pockets of support from fund activity and ethanol demand.
Last week, futures saw mixed movement as traders assessed the latest export data, geopolitical shifts, and weather forecasts influencing global grain supplies.
The global grain and oilseed markets experienced significant volatility this week, driven by geopolitical tensions, trade disruptions, and evolving weather conditions across key growing regions.
Global grain prices continue to fluctuate as key factors such as weather conditions, export sales, and geopolitical developments drive market sentiment.
