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Corn, Soybeans Fall on Dry Midwest Weather Forecast

Chicago corn and soybeans declined on Tuesday, reversing some of the previous session's gains, as dry weather in the U.S. Midwest is expected to speed up the harvest, which is currently behind average. Wheat prices also eased slightly.

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Chicago corn and soybeans declined on Tuesday, paring some of the prior session’s gains, as dry weather in the US Midwest is expected to speed up the harvest, which is running behind the average pace. Wheat prices also edged lower, though disruption to global supplies from the Russia-Ukraine war helped limit the decline.