Global grain futures slide while investors stay in soy oil

Futures contracts for wheat, corn and soybeans fell on major exchanges in the United States and Europe on 3 June 2026, reflecting a market under pressure. At the Chicago Board of Trade, soft wheat for July delivery dropped to $215.77 per tonne, while corn and soy futures also posted declines. Analysts linked the downward moves to ample supply prospects, favorable weather in the U.S. Corn Belt and a stronger dollar.

Speculative funds reduced exposure to wheat and corn but kept positions in soy oil, cotton and pork, betting on continued ample grain supplies and strong demand for vegetable oils, especially from India and South‑American exporters. The International Grain Market Institute raised its forecast for Russian wheat production to 91.5 million tonnes, and Morocco reinstated a 135 % import duty on soft wheat for June–July.

These trends signal a shift in capital flows within agricultural commodities, with investors favoring oilseeds while pulling back from staple grains.