Wheat, corn and soybean futures fall in Chicago on Monday

On Monday, October 26, 2026, wheat, corn and soybean futures closed lower on the Chicago Board of Trade (CBOT). December soft red winter wheat futures declined by 1.44% to $226.34/t, corn lost 0.22% to $179.13/t, while January soybean futures fell by 1.26% to $460.21/t.

Wheat prices declined across all three major US futures exchanges. December soft red winter wheat (SRW) futures in Chicago lost 9 cents to $6.16 per bushel. Hard red winter wheat (HRW) contracts in Kansas City fell to $242.14/t, while spring wheat futures in Minneapolis declined to $232.95/t. According to USDA, 76% of the projected US winter wheat area had been planted as of October 25, one percentage point below the five-year average. Meanwhile, US wheat export inspections totaled 183.8 thsd tons in the week ending October 22.

Corn futures also closed lower across the main contracts. December futures lost 1 cent to $4.55 per bushel, while March contracts declined by 1.5 cents to $4.6875 per bushel. As of October 25, the US corn harvest was 60% complete, six percentage points behind the average pace. According to USDA, weekly corn export inspections totaled 625.2 thsd tons, while cumulative shipments since the beginning of the 2026/27 MY reached 9.78 mln tons, down 7.7% from the same period last season.

Soybean futures in Chicago also posted notable losses. November contracts fell by 15.25 cents to $12.4125 per bushel, January futures declined by 16 cents to $12.525 per bushel, and March contracts lost 15 cents. Prices came under additional pressure from competition with Brazilian soybeans amid a weakening Brazilian real. Meanwhile, the US soybean harvest was 79% complete, two percentage points ahead of the average pace. US soybean export inspections totaled 2.476 mln tons in the week ending October 22, including 1.652 mln tons shipped to China. Cumulative exports since the beginning of the season reached 9.705 mln tons, up 42.4% year-on-year.

European grain markets also recorded price declines. At Monday’s close, December milling wheat futures on the Paris-based MATIF exchange fell to €226.50/t, equivalent to $253.75/t, while March contracts declined to €227.50/t. November corn futures dropped to €282.75/t, while March contracts fell to €264.75/t. European grain prices continue to be influenced by Black Sea export developments, logistics risks and competition in international markets.

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