Wheat futures were also down 0.50% Monday, moving toward its eight straight day of declines, the longest losing streak since June 2005, as overseas demand dries up – the U.S. is the world’s largest exporter of wheat.

“We’re not sparking interest” from overseas buyers, Schultz added. “There’s no export business being done.”

Teucrium Corn Fund

For more information on these soft commodities, visit our grains category.

Max Chen contributed to this article.