Why are corn and soybean futures declining ahead of the USDA's WASDE report?

Corn and soybean futures are easing due to an improving US weather outlook in the Midwest, where expected temperatures 'should remain below stressful thresholds for reproductive corn and soybeans' and rainfall is possible—leading fund managers to anticipate higher yields rather than the lower yields previously feared, thereby increasing selling pressure in the grain and oilseed complex.

What do analysts expect the USDA to change in its upcoming WASDE report regarding corn and soybean production?

Analysts surveyed by Bloomberg expect the USDA to lift soybean production estimates and lower the corn production forecast in the WASDE report; however, few changes in yield estimates are anticipated because corn is just entering its critical July development month, while August is more crucial for most US soybean fields—and any production adjustments are expected to stem from the June 30 acreage report rather than new yield data.

Corn, Soybeans Ease Ahead of WASDE as Traders Eye Relief From Heat

Jul 9, 2026

Corn and soybean futures declined as improved US weather forecasts reduced yield concerns ahead of the USDA's monthly WASDE report. Export data showed continued sales to China while wheat prices rose amidst the agricultural market activity.

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