Downside pressure remains on in Chicago with corn down 2-4c and beans off 4-6c

Crude oil fell to $64.00/barrel yesterday vs. $78.40 high on Sunday night and $63.54 on June 11th

According to TransUnion, student loan delinquencies have 31% of borrowers (record) at least 90 days past due vs. 21% in February

FAS announced a daily flash sale of 630,000 MT of U.S. corn to Mexico - 554,400 MT for 2025/26 and 75,600 MT for 2026/27 delivery

Louis Dreyfus Company (LDC) was chosen by the Ports of Indiana to operate the grain export facility at its Burns Habor location on Lake Michigan World Grain Article 

Brazil's export agency ANEC estimates June soybean exports @ 14.99MT vs. 14.36 MT prior figure; June corn exports @ 829K tonnes vs. 913K tonnes prior figure

Private analyst SovEcon raised their 2025 Russian wheat production forecast from 82.8 to 83.0 MT with total grain output up from 127.6 to 129.5 MT

Private firm AgroConsult pegs Brazil's 2nd crop safrinha corn harvest @ 123.3 MT (record), +10.4 MT vs. their May estimate and +20.2 MT vs. last year

USDA Planted Acreage & Quarterly Stocks Report releases on Monday, June 30th @ 11:00 AM CST

The massive selloff in corn continues as a lack of concerning Corn Belt weather has given funds the green light to pile in on the short side of the ledger. Pair that with a massive 2nd crop safrinha corn harvest out of Brazil and a projected record U.S. corn crop and we've got CU25 and CZ25 into fresh contract lows. CU25 appears poised for a test of the $4.00 handle with CZ25 leaning on $4.25 support today. A potential short covering event could arise as next week's USDA Planted Acreage/Quarterly Stocks Report looms large however a catalyst is lacking today.