Wheat and soybeans fall while corn rises in Chicago on Wednesday

On Wednesday, November 4, 2026, wheat and soybean futures declined on the Chicago Board of Trade (CBOT), while corn posted moderate gains. December soft red winter wheat futures fell by 0.21% to $219.91/t, while January soybean contracts lost 0.97% to close at $441.74/t. Meanwhile, December corn futures increased by 0.40% to $174.90/t. Wheat and corn prices also declined on the European market.

December soft red winter (SRW) wheat futures in Chicago settled at $5.98½ per bushel, down 1.25 cents, while March contracts closed at $6.09½ per bushel, also losing 1.25 cents. In Kansas City, December hard red winter (HRW) wheat futures declined by 3.5 cents to $6.32¾ per bushel, while March contracts fell by 4.75 cents to $6.39¾. In Minneapolis, December spring wheat futures dropped by 2.75 cents to $6.16¾ per bushel, while March contracts lost 2.5 cents to settle at $6.33. Meanwhile, US wheat exports totaled 1.546 mln tons in September, down 14.8% from August and less than half the volume recorded in September 2025.

Corn futures in Chicago were supported by expectations of strong export demand. December contracts rose by 1.75 cents to $4.44¼ per bushel, March futures gained 2 cents to $4.58¼, and May contracts increased by 1.5 cents to $4.66½ per bushel. Analysts expect weekly US corn export sales to reach 0.8–1.8 mln tons. In September, US corn exports reached a record high for the month of 7.084 mln tons, up 0.48% year-on-year. Meanwhile, Brazilian association ANEC forecasts Brazil’s corn exports at 6.02 mln tons in November.

Soybean futures closed lower despite reports of new export deals. November contracts fell by 9.75 cents to $11.93¼ per bushel, January futures declined by 11.75 cents to $12.02¼, and March contracts lost 10.5 cents to settle at $12.10¼ per bushel. The US Department of Agriculture reported a sale of 167 thsd tons of soybeans to Spain for delivery in the 2026/27 marketing year. Analysts expect weekly US soybean export sales of 0.95–2.5 mln tons. Meanwhile, ANEC forecasts Brazilian soybean exports at 3.33 mln tons in November, down 0.9 mln tons from the same period last year.

On the Paris MATIF exchange, prices also moved lower on Wednesday. December milling wheat futures declined by 0.49% to €224/t, or approximately $250.68/t. March wheat contracts fell to €222.75/t, equivalent to $249.28/t. European corn futures also weakened, with March contracts declining to €247.75/t, or $277.26/t, and June futures falling to €245.50/t, or $274.74/t.

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