Soybean futures fell despite higher crop condition ratings.

December Corn futures rose to their highest close since May 28, while November Soybean futures slipped despite an unexpected improvement in USDA crop condition ratings. December Chicago Wheat futures also gained, recovering from early session lows. The latest USDA Crop Progress report showed corn good-to-excellent ratings at 67%, down slightly from last week but ahead of expectations, with 59% silking. Soybean ratings rose to 66% good-to-excellent, defying analyst forecasts for a decline. Meanwhile, weather forecasts predict above-normal temperatures and below-average precipitation across key Midwest growing regions over the 8-to-14-day outlook, keeping market attention focused on potential yield impacts.