Soybean Futures Slump as Funds' Bets Go Awry
The US agricultural market opened weaker on Monday, July 27, 2026. Soybeans led the decline, down 41¼¢ at $12.12¼ per bushel in November contracts. Corn and wheat futures also fell, with December corn down 13¾¢ at $4.73¾ per bushel and September CBOT wheat down 5½¢ at $6.72½ per bushel.
John Zanker, senior analyst at Farmer's Keeper Financial, attributed the decline in soybeans to 'overly harsh' selling pressure from funds that had taken on larger-than-expected positions. He noted that these funds' CFTC-adjusted length in soybeans was around 170 million bushels above trade estimates.
The war and weather were still a concern for farmers, but the moderating weather forecast put futures under heavy pressure, according to Zanker. Crude oil prices also fell, down $5.58 at $83.73 per barrel by 9:41 a.m. CT.