Corn, Soybean and Wheat futures extended downward momentum.

Oliver Sloup discusses the ongoing downward trend across the grain markets, with July Corn futures settling 9 cents lower at 431'4, just 3 cents away from contract lows. December Corn futures also declined, settling 6'6 cents lower at 459'6. July Soybean futures dropped 11'2 cents to 1154'0, while the new crop November contract fell 10'4 cents to 1167'2. July Chicago Wheat futures faced double-digit losses, down 15'6 cents to settle at 587'2. Weather remains a key factor, with the 6-to-10 day outlook forecasting above-normal temperatures and precipitation across the Midwest, potentially providing a catalyst for crop development after initial condition ratings fell below expectations. Traders are also positioning ahead of the upcoming WASDE and acreage reports.