Corn, wheat, and soybean futures ended mainly lower on Tuesday following the long US holiday weekend.
Deep losses in equity markets linked to US President Donald Trump’s threats to takeover Greenland spilled over to weigh on the grain markets. On the other hand, safe havens, gold and silver, hit new highs. Trump has also threatened new tariffs on EU countries that fail to support his bid to win the arctic island.
The US dollar was lower today, which is generally supportive for the grains, while crude oil managed small advances.
US markets were closed Monday in recognition of Martin Luther King Day.
Soybeans were further pressured by generally good conditions in Brazil and expectations for a record large soybean harvest there. March beans lost 4 ¾ cents to $10.53 and new-crop November lost a nickel to $10.64.
March corn eased a penny to $4.23 ¾, but December 2026 managed a ¾ cent gain to $4.50 ½.
March Chicago wheat dropped 7 ¾ cents to $5.10 ¼, and March Kansas City lost 4 ¼ cents to $5.23. March Hard Red Spring lost 6 ½ cents to $5.51 ½, and March Minneapolis was down 3 cents to $5.71 ¾.
