CBOT Corn Prices Fall Amid Rising Brazil, US Crop Forecasts

Corn prices have experienced mixed movements recently, influenced by multiple factors including rising crop forecasts and geopolitical tensions. Prices fell due to expectations of record corn harvests in the U.S. and Brazil, along with favorable weather conditions reducing uncertainties. However, early trading saw some firmness in corn and wheat markets, supported by export demand and geopolitical events such as Ukrainian drone strikes on Russian targets, which have disrupted peace talks and may impact Black Sea grain exports. The U.S.-China trade tensions and changes in tariffs, including actions by President Trump, continue to affect soybean and soymeal markets negatively, while wheat prices have been buoyed by stronger export sales and a favorable dollar exchange rate. Overall, while supply prospects for U.S. and Brazilian crops remain robust, export demand dynamics and international conflicts are key variables putting pressure on grain prices. Market participants remain cautious, balancing weather improvements with geopolitical and trade uncertainties.