Market Overview
Soybeans led the grain markets sharply lower as improved rain chances across parts of the western Corn Belt and renewed uncertainty surrounding Chinese demand triggered another round of selling.
The soybean market has now given back roughly 50% of the rally from the June lows to last Friday’s high, once again proving how markets often climb gradually but fall quickly.
Corn also returned to its weekly lows, while wheat gave up earlier gains despite continued concerns over limited grain movement through the Black Sea.
🌱 Soybeans
Soybeans remained under heavy pressure for the third consecutive session.
Two primary factors drove the selling:
Improved rainfall chances across key dry areas
Concern that political tensions could disrupt Chinese buying
Forecasts show potential rainfall across:
Western Iowa
Eastern South Dakota
Eastern Nebraska
Southeastern portions of North Dakota
Although much of North Dakota may remain dry, the market is placing greater emphasis on the potential improvement across Iowa, South Dakota, and Nebraska.
China Demand Concerns
Additional pressure came from reports that China may send military launchers to Iran.
That development raised concerns about relations between President Trump and
