Corn futures drop on declining crop conditions and export data. 8/4/26

Grain markets experienced a pullback in Tuesday's session, with Corn, Soybean, and Wheat futures all stepping lower. The highly anticipated Crop Progress report revealed good-to-excellent conditions for corn at 61%, representing a 2% decline from the previous week and a 12% drop from the same time last year, missing analyst expectations of steady conditions. Soybean conditions remained unchanged at 63%, also missing expectations of a 1% improvement. In export news, weekly corn inspections reached 1.9 million metric tons, marking the largest volume for any week since early June. Meanwhile, a flurry of flash sales highlighted the soybean market, including a newly announced delivery of 132,000 metric tons to China. Learn more about trading futures and options at CME Group: https://www.cmegroup.com/markets/agriculture.html #GrainMarkets #CropProgress #ExportSales