Read more
3:35 PM ยท 25 June 2021

๐Ÿ“‰ Corn and soybean drop on US court ruling

CORN
Commodities
-
-
SOYBEAN
Commodities
-
-

Corn and soybean trade under pressure today following the ruling of the US Supreme Court. The Supreme Court ruled that the Environmental Protection Agency has power to exempt a number of refiners from federal biofuel quotas. Ruling is favourable for small US refineries as they may not be forced to mix renewable fuels into gasoline and diesel. It also hints at potentially lower demand for soy oil used in biomass diesel as well as on lower demand for corn used in ethanol production in the United States. CORN trades over 2% lower today while SOYBEAN drops over 7%. However, it should be noted that futures contract rollover contributed to an outsized drop on SOYBEAN.

CORN drops over 2% today and tests a support zone ranging around 530 handle, that acted as a lower limit of the trading range in Q1 2021. Source: xStation5

2 January 2026, 6:50 PM

Daily Summary: Massive Gains in U.S. Indices Completely Wiped Out

2 January 2026, 6:00 PM

Three Markets to Watch Next Week (02.01.2026)

2 January 2026, 12:04 PM

Will institutions spark a cocoa bull run in 2026? ๐Ÿ“ˆ BCOM flows in focus

2 January 2026, 8:54 AM

Technical Analysis - GOLD (02.01.2026)

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissรฃo de Valores Mobiliรกrios (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits