Corn, Soybean Futures Rise Amid Trade, Weather Shifts

U.S. corn futures have rebounded for three consecutive sessions, supported by short covering, technical buying, and bargain hunting after reaching contract lows. USDA data shows crop conditions at 74% good to excellent, the best rating for this time of year since 2016, with expectations for a potentially record harvest although some dry and hot forecasts could bring minor stress. Soybean futures have also rallied on export sales to unknown buyers and optimism about U.S. trade with Indonesia, while China continues to favor Brazilian soybeans over U.S. supplies. President Trump's tariff threats against the EU and Mexico have raised concerns about potential impacts on U.S. agricultural exports. U.S. corn export inspections have declined week-over-week but remain above last year's levels. Market volatility continues as traders monitor shifting weather and trade developments, technical activity, and global demand signals.