Corn, Soybeans Slip Ahead of USDA Report as Rain Eases Supply Fears

3 articles · Updated · Finimize · Aug 11

Corn and soybean futures fell Tuesday as traders cut risk before Wednesday’s USDA August supply-and-demand report, with corn near $4.57 a bushel and soybeans around $11.66.
Recent US rain and milder temperatures eased worries about crop stress after July heat, offsetting expectations that the USDA will slightly lower its 2026 corn yield estimate to 182.4 bushels an acre from 183.0.
Soybean prices also faced a crosscurrent: analysts expect lower ending stocks even after the USDA cut weekly soybean condition ratings while leaving corn conditions steady.
Wheat edged lower as Black Sea disruption concerns looked largely priced in, leaving the USDA report as the main event risk across grain markets.
A 0.6-bushel yield change can still reshape total US production and stocks-to-use expectations, setting up sharp moves across CBOT futures and options after the release.