Market Highlights
Grain markets were mixed, with soybeans slightly higher, corn slightly lower, and wheat sharply lower.
Minneapolis wheat led the losses as favorable weather continues across the Northern Plains.
Seasonal harvest pressure continues weighing heavily on Kansas wheat.
Corn and soybeans found support from ongoing expectations of Chinese buying.
Cattle futures pulled back despite very strong cash fundamentals and surging boxed beef values.
🌾 Wheat Market Takes the Biggest Hit
Minneapolis Wheat Crushed by Favorable Weather
Spring wheat continues to face heavy selling pressure as growing conditions across the Northern Plains remain near ideal.
Key factors:
Cool temperatures favor spring wheat development.
Recent moisture has improved crop prospects.
Weather outlook remains generally supportive.
Minneapolis Wheat Futures
July Minneapolis Wheat
Down 24¼ cents
Closed at $5.88½
September Minneapolis Wheat
Down 20½ cents
Closed at $6.18
December Minneapolis Wheat
Down 19¾ cents
Closed at $6.41¾
