Chicago corn futures fall 1.5%, wheat down about 1.3%

The move matters less for its size than for its direction: corn, wheat and soybeans are all drifting back toward the same late-June floors, suggesting the recent range is being tested rather than broken. Wheat is the one to watch, having hovered near that bottom for five straight sessions without a decisive push lower — a sign sellers lack conviction, or that the market is simply waiting for a catalyst. The broader grains subindex tracking the same lows reinforces that this is a complex-wide drift, not a single-contract story. Whether those June 30 levels hold is the open question.