Grains Weaken Amid Technical Selling, Black Sea Port Attacks

Corn futures are experiencing their fifth consecutive day of weakness due to technical selling. The USDA reported daily sales of 182,880 metric tons (MT) to Mexico during the 2026-27 crop year.

The corn crop condition index (CCI) declined by 1.67 points to 349.93, which is 24.25 points behind the same time last year.

Soybean futures are also weaker, with prices mostly down 9 cents due to consolidative trade despite continued export business. The USDA reported daily sales of 340,000 MT to China and 100,000 MT to unknown destinations during the 2026-27 crop year.

Winter wheat futures are facing pressure as a result of attacks on Black Sea export infrastructure, with Russia's biggest port being damaged overnight.