Wheat and soybeans rise while corn falls in Chicago on Wednesday

On Wednesday, November 11, 2026, wheat futures on US exchanges closed higher. On the CBOT, December soft red winter (SRW) wheat futures rose by 6.75 cents to $5.995 per bushel, or $220.27 per ton, while March contracts gained 9 cents to $6.1425 per bushel. In Kansas City, December hard red winter (HRW) wheat futures increased by 5.25 cents to $6.395 per bushel, while March contracts rose by 7.75 cents to $6.495. In Minneapolis, December spring wheat futures gained 6.75 cents to $6.355 per bushel, while March contracts advanced by 7.25 cents to $6.5075.

Corn prices in Chicago declined slightly despite a downward revision to the USDA’s US production forecast. December futures lost 1 cent to $4.48 per bushel, or $176.38 per ton, March contracts fell by 1.25 cents to $4.6025, and May futures declined by 1.5 cents to $4.6825 per bushel. In its November WASDE report, the USDA lowered its US corn production forecast by 3.57 mln tons to 403.7 mln tons, while the yield estimate was reduced from 181.2 to 179.6 bushels per acre. Meanwhile, global corn ending stocks were raised by 1.5 mln tons to 281.94 mln tons, reflecting improved production outlooks in South America.

Soybean futures on the CBOT also closed higher. November contracts gained 4.5 cents to $12.29 per bushel, January futures rose by 2.75 cents to $12.3075, or $452.22 per ton, and March contracts advanced by 3.5 cents to $12.38 per bushel. The USDA increased its US soybean yield forecast by 0.2 bushels per acre to 53.3 bushels, while production was raised to 4.574 bln bushels. At the same time, projected US soybean ending stocks were lowered by 15 mln bushels to 300 mln bushels following an upward revision to the export forecast. Global soybean stocks were reduced by 780 thsd tons to 123.5 mln tons, providing additional support to futures prices.

On the Paris MATIF exchange, prices also showed a predominantly upward trend on Wednesday. December milling wheat futures climbed by 1.95% to €236.25 per ton, or approximately $263.75, while March contracts reached €232.75 per ton, equivalent to $259.84. Corn futures also strengthened, with March contracts reaching €256.25 per ton, or around $286.08, and June futures rising to €253.50 per ton, or $283.01. The wheat market was supported by active demand from international importers, particularly Algeria, which purchased more than 700 thsd tons of milling wheat.

Further developments in grain and oilseed markets will depend on export activity, demand from international buyers and crop prospects in South America. According to estimates by Brazil’s ANEC association, Brazilian corn exports could reach 7.21 mln tons in November, while soybean shipments may total 4.37 mln tons. Increasing supplies of South American grain are intensifying competition in global markets, while declining US inventories of certain crops continue to provide support for futures prices.

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