Corn futures on the Dalian Commodity Exchange (DCE) in China have rallied 8% since harvest and 2% in recent days, marking a notable movement in the Chinese corn market. Brokers in Brazil have reported increased inquiries from China. The flat price CFR Asia is also being closely watched. The December corn contract is at a critical decision point between the 50% and 62% retracement levels. The U.S. Department of Agriculture (USDA) is expected to maintain its corn yield estimate at 181 bushels per acre in the upcoming June 12 WASDE report, although ending stocks for the 2024/25 marketing year are anticipated to decline to 1.39 billion bushels. Brazil’s Safrinha corn crop for 2024/25 is projected to increase by 1.7 million metric tons, with yields expected to remain stable. Market volatility remains elevated, with corn futures showing daily volatility around 20%. Soybean futures on the DCE are breaking out above key support and resistance levels, with momentum potentially pushing prices toward 3,700 yuan per metric ton. Farmers are focusing on risk management and profitable pricing strategies ahead of the USDA report, with limited opportunities for rallies to $5 per bushel for corn and $15 per bushel for soybeans.