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Analysts believe that, in a more stable cost environment, the current price reduction may be sufficient to support a recovery in sales. However, if consumer budgets remain tight, the current environment may limit short-term demand elasticity.

The Chicago Board of Trade expected on Tuesday that wheat futures would fall by 1 to 4 cents per bushel, mainly pressured by forecasts of rainfall in drought-stricken Plains areas. However, the weaker-than-expected condition of the US winter wheat crops limited the decline.Meteorologists stated that rainfall expected later this week will likely alleviate excessive dryness in the central and southwestern Plains, but western Kansas and eastern Colorado may remain dry until late April.According to data from the US Department of Agriculture, as of Sunday, the good-to-excellent rate of US winter wheat crops was only 35%, lower than the analysts’ average expectation of 42%. Spring wheat sowing was 3% complete, 1 percentage point faster than expected.Corn futures are expected to remain steady or fall by up to 3 cents per bushel, with prices continuing in a range-bound pattern. Traders are closely monitoring developments in Iran and awaiting the US Department of Agriculture's monthly supply and demand report on Thursday.The US Department of Agriculture reported that as of Sunday, US farmers had completed 3% of corn planting, 1 percentage point ahead of the average expectation.Soybean futures are expected to remain steady or rise by up to 2 cents per bushel, supported by stronger crude oil prices driving soybean oil futures to a three-year high. Trading is also range-bound ahead of the US Department of Agriculture report on Thursday.Agricultural consulting agencies stated that as of last Thursday, Brazilian farmers had completed 82% of the 2025/26 soybean crop harvest, up 7 percentage points from the previous week but below the 87% at the same time last year.

BlockBeats News, April 7th, data shows that the probability on Polymarket of "The Suez Canal will close in April" has steadily increased since hitting a low of 12% on April 2nd, and is now at 31%. The rule states that if the International Monetary Fund Port Observations (IMF PortWatch) 7-day moving average of Suez Canal transit ship arrivals is less than or equal to 10 on any day between the market creation date and the listed date, the market will resolve to "Yes." Otherwise, it will resolve to "No."