US Agricultural Market Sees Mixed Performance Amid Global Production Shifts

The US agricultural market saw a mixed performance on August 13th, with various commodities experiencing gains and losses.

Corn futures fell by 8.75 cents to $4.72 after correcting lower following Wednesday's post-USDA-report solid gains.

Improved production prospects in Brazil were cited as a contributing factor to the decline, with Conab estimating an increase of 2.4% in the country's total grain crop to 260.8 million metric tons (MMT) for the 2025-26 season.

The soybean market saw some mild follow-through buying after Wednesday's gains but was unable to hold onto these advances, with November soybeans falling by 1 cent to $11.82.25 and September soybean meal declining by $1.10 to $307.40.

Wheat futures markets experienced chart consolidation and a pause following decent gains on Wednesday, with September SRW closing steady at $6.52.75 and September HRW falling 0.25 cents to $7.20.50.