Corn and Soybean Prices Plummet to Four-Year Low

Expectations of favorable US crop yields and Tropical Storm Beryl's rainfall contribute to the decline.

Corn and soybean futures have dropped to their lowest levels since 2020.
Traders anticipate a positive crop report from the US Department of Agriculture.
Tropical Storm Beryl is expected to bring beneficial rains to the Midwest.
A strong US dollar is making American grain and soy less competitive in global markets.
US farmers are on track for a bumper harvest, with crops in their best condition in four years.