US Grain Markets Surge on Export Demand and Weather Shift

Corn, soybean, and winter wheat futures closed higher on Monday, August 3, after export demand, weather forecasts, and geopolitical tensions boosted grain markets across the CBOT.

The gains were driven by renewed optimism in U.S. grain markets at a critical point of the growing season, when crop conditions, export demand, and global supply continue shaping price direction.

Corn futures staged a strong rebound, supported by technical buying and expectations that the USDA could further reduce crop condition ratings after the recent wave of extreme heat across the central United States.

December corn futures climbed 8.5 cents to $4.7250 per bushel, while September contracts also gained 8.5 cents to settle at $4.4925.

Soybean futures followed corn higher, supported by new export sales to China and additional purchases from unknown destinations for the upcoming 2026-27 marketing year.