Wheat, corn and soybeans decline in Chicago on Tuesday

Wheat, corn and soybean futures on CBOT moved lower on Tuesday, September 22. December wheat fell by 1.31% to $263.54/t, December corn declined by 1.24% to $211.12/t, while November soybeans slipped by 0.19% to $487.03/t.

The wheat complex turned lower after gains in the previous session. December hard red winter wheat futures in Kansas City declined to $287.06/t, while spring wheat in Minneapolis fell to $270.52/t. The US winter wheat planting pace also remains a market factor, with 17% of the area planted as of September 20, 4 percentage points behind the five-year average.

Corn also closed lower despite expectations among some traders that China could purchase US grain. At the same time, US corn crop conditions improved, with 57% rated good to excellent. Argentina’s 2026/27 corn crop is forecast at 66 mln tons, up from 64 mln tons a year earlier.

Soybean futures posted a modest decline as traders awaited a meeting between the US and Chinese leaders. US soybean harvesting was 12% complete, ahead of the 8% average pace, while 58% of the crop was rated good to excellent. Argentina’s soybean production in 2026/27 is forecast at 53.6 mln tons, compared with 50.1 mln tons a year earlier.

On MATIF, French wheat was little changed, with the December contract holding at €243.75/t, or around $279.48/t. Meanwhile, November corn rose to €276/t, or about $316.46/t, up 2.62%.

Tags: corn, prices, soybean, wheat, futures, Chicago, global market