Corn, Soybean Futures Plunge Amid Profit-Taking Pressure

Corn futures declined sharply on July 27, 2026, as profit-taking pressure and weak long liquidation from speculators weighed on prices. December corn lost 13.5 cents to $4.74, near its daily low. Recent hot and dry weather has had a less-than-ideal impact on the Corn Belt crop, but traders were unwilling to add premium amid an overall U.S. corn crop faring well past the halfway point of the growing season.

The soybean complex also saw heavy profit-taking pressure, with November soybeans falling 39.75 cents to $12.1375, September soybean meal losing $10.50 to $320.30, and September soybean oil dropping 262 points to 70.85 cents, hitting a two-week low.

However, the wheat futures market saw some respite, with December cotton futures rising 90 points to 80.88 cents, near its daily high. Technical buying kept the price uptrend alive on the daily bar chart, and better risk appetite in the general marketplace aided the cotton bulls.