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“The corn market finished mixed on the session despite a ‘on-the-surface’ supportive USDA WASDE report and easing U.S.-China trade tensions. Fund selling, rapid U.S. planting progress, and larger global supplies weighed on market sentiment,” Stewart-Peterson said. “In the May WASDE, USDA raised old crop corn export demand by 50 million bushels, lowering 2024/25 ending stocks to 1.415 billion bushels — below market expectations. However, a 4 MMT increase in Brazil’s crop estimate to 131 MMT added bearish pressure, reinforcing concerns about global competition.”