We May Have Seen the Highs In The Corn Market

An article by Michelle Rook on AgWeb

For the week, July corn was 7 ½ cents higher, December corn was 5 ½ higher, July soybeans gained 19 ½, November soybeans tacked on 17, July soybean meal lost $2.40 per short ton, July bean oil was up 10 points, July soft red winter wheat was 10 ½ higher, July hard red winter wheat lost 6, July hard red spring wheat was up 5.

Grain markets saw a volatile week on the roller coaster of news on the China trade framework.On Sunday the White House released a fact sheet that stated China had agreed to buy $17 billion of U.S. ag goods annually for 2026 (prorated), 2027 and 2028.This was in addition to the 25 million metric tons (MMT) of annual soybean purchases through 2028 agreed to in the October 30 meeting.

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