U.S. grain markets see lower trade ahead of USDA supply‑demand report

Morning market outlooks indicate mostly lower trade across the U.S. corn, soybean and wheat segments as traders await the USDA production and World Agricultural Supply and Demand Estimates (WASDE) data later today. Energy prices have retreated following the Trump administration’s reported completion of targeted strikes against Iran, though regional tensions remain.

Weather updates note heavy rains in the central and northern Midwest, with expected continued precipitation over the next several days and a shift to drier, cooler conditions next week. In Brazil, heavy rains are expected to benefit the late‑stage corn crop, while dry conditions in Argentina should aid its corn harvest. USDA forecasts project corn production around 15.9 billion bushels, soybeans about 4.4 billion bushels, and wheat near 1.5 billion bushels, with corresponding stockpiles and export ranges outlined for each commodity. Prices are modestly down across the board, with corn futures marginally lower, soybean futures steady, and wheat futures slightly weaker.

Analysts expect export sales for corn to range between 35‑70 million bushels and for soybeans between 10‑25 million bushels, with modest movements in soybean meal and oil margins. Overall market sentiment remains cautious ahead of the USDA release.