NewsSignals
NewsSignals AI analysis·Reuters·

Corn basis mixed, soy steady as futures ease

Grade Bbearish AI signal$CORN$SOYBEANS
US corn and soybean futures eased as the Midwest harvest progressed, with cash basis bids showing mixed conditions for corn and steady conditions for soybeans. The US soybean harvest reached 88% completion, ahead of its five-year average, while corn harvesting reached 74%, behind the normal pace; the USDA also reported new export sales of 134,000 metric tons of soybeans and 451,000 tons of corn. Record soybean production expectations and the second-largest projected corn crop could continue pressuring grain prices as harvest supplies reach the market.

Bullish strength: 35/100

  • Corn harvesting at 74% is lagging behind the normal pace.
  • US exporters sold 451,000 metric tons of corn for 2026/2027 delivery.
  • US exporters sold 134,000 metric tons of soybeans for 2026/2027 delivery.

Bearish strength: 65/100

  • Corn futures fell 3-3/4 cents to $4.44-1/4 per bushel.
  • Soybean futures fell 3-1/4 cents to $12.14 per bushel.
  • The US is forecast to produce its largest soybean crop in history.
  • The US is forecast to produce its second-largest corn crop.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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