Wheat and corn prices fall, while soybeans gain in Chicago on Friday

On Friday, October 23, 2026, grain and oilseed futures on US exchanges ended the trading session with mixed price movements. Corn futures declined, most wheat contracts also weakened, while soybean prices increased. On the Chicago Board of Trade (CBOT), December corn futures fell by 0.98% to $179.53/t, while soybean contracts gained around 0.3%. Meanwhile, December soft red winter wheat futures in Chicago edged higher to $229.64/t.

Bearish sentiment prevailed in the wheat market. December hard red winter wheat futures in Kansas City declined to $244.16/t, while hard red spring wheat futures in Minneapolis fell to $235.71/t. However, December soft red winter wheat contracts in Chicago gained 0.04%. Slower US wheat export sales added pressure to the market. Total US wheat export commitments reached 10.77 mln tons, down 32% year-on-year and representing only 53% of the USDA’s annual export forecast.

Corn futures closed lower across the main contracts. December futures lost 4.5 cents to $4.56 per bushel, while March contracts declined by 4 cents to $4.70 per bushel. According to USDA, total US corn export commitments stood at 22.19 mln tons, down 34% compared with the same period of the previous season. Meanwhile, the department reported a new private export sale of 116 thsd tons of corn to unknown buyers for delivery in the 2026/27 MY.

Unlike grains, soybean futures in Chicago posted gains. November contracts rose by 3.5 cents to $12.565 per bushel, January futures increased by 3.75 cents to $12.685 per bushel, while March contracts gained 4.5 cents. Strong US soybean export sales provided support to the market. According to USDA, total export commitments reached 26.2 mln tons, up 81% year-on-year. Sales of 1.49 mln tons of soybeans were also announced during the week.

European grain markets also showed predominantly negative price movements. By the end of Friday’s trading session, December milling wheat futures on Euronext MATIF in Paris declined to €234/t, while November corn futures fell to €283.75/t. Meanwhile, global grain markets remain sensitive to the pace of US export sales, demand from importers and military risks in the Black Sea region, which continue to affect international grain trade.

Tags: corn, soybean, oilseeds, wheat, global market