Corn Prices Drop AGAIN - Is a Summer Rally Still Possible??
June 5, 2026
17,708
716
199
5.17%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Grain Markets and Other Stuff Episodes Around June 5, 2026
See what was published immediately before and after this episode.
15:29No Iran Deal, Trump Isn't Worried + Bearish Corn Belt Weather Forecast??
25:36Now PlayingCorn Prices Drop AGAIN - Is a Summer Rally Still Possible??
Chapters
YouTube Description
as posted by the channelJoe's Premium Subscription
Apple Podcasts
🌱📉 Soybean Futures — Soybean futures tumbled sharply on Thursday, with the Nov26 contract dropping nearly 26 cents to settle near $11.42/bu — its lowest point since mid-March. Favorable weather forecasts, weak crude oil prices, and lackluster Chinese demand all weighed on the market.
🌽📊 Corn & Wheat Futures — Corn futures slid 8 cents to close near $4.52/bu on the Dec26 contract, hitting its lowest level since late January. Wheat futures also finished lower, pressured by ample global supplies.
🌧️🗺️ USDA Drought Monitor — Hot and dry conditions across the Corn Belt worsened drought in Iowa, Minnesota, Wisconsin, northern Illinois, NW Indiana, and NE Missouri last week. Meanwhile, Kentucky saw improvement, and thunderstorms brought some relief to parts of the High Plains. 📄 See USDA's drought PDF linked below.
🌾🌏 China Wheat Quality Concerns — Heavy late-May rains caused an estimated 4.8–10mmt of wheat to sprout in China's key growing regions, rendering it unfit for milling and redirecting it to livestock feed. China may ramp up imports of higher-grade milling wheat to compensate, while persistent wet weather is also slowing Russia's spring wheat planting to its slowest pace since 2018.
📦🚢 US Export Sales — Corn export sales came in at 883,300mt for the week ending May 28, down 13% week-over-week and 32% below the prior four-week average, with Japan as the top buyer. Soybean sales totaled 276,900mt — down slightly week-over-week but up 24% from the four-week average, led by China, though China has yet to book any new-crop US soybeans.
🐄🪲 Cattle Futures & Screwworm — Cattle futures rallied sharply on Thursday despite confirmation of New World screwworm in the US, with live cattle gaining up to $4.80/cwt and most feeder cattle contracts hitting the new $10.75/cwt daily limit. USDA Secretary Brooke Rollins expressed confidence the case — the first in Texas since 1966 — can be contained, though the risk of spread through wildlife remains a concern.
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.