U.S. corn futures fell from a six-week peak on Wednesday on profit-taking and technical selling after three sessions of gains as an expected record-large U.S. harvest weighed on the market.
Multiple factors dragging down futures
Prairie weather has a way of upsetting farmers’ harvest plans
Canola 34 per cent above 10-year average
Expected to drop passed last year’s lows
Crop receipts roughly level, direct payments fall on reduced crop insurance
StatCan projects less wheat in 2025/26