Wheat, corn and soybeans fall in Chicago on Friday

Wheat, corn and soybean futures on the CBOT ended lower on Friday, September 18. December wheat fell 1.75% to $262.44/t, corn declined 0.57% to $207.68/t, while November soybeans dropped 1.23% to $478.95/t.

Wheat remained under pressure despite restricted supplies from the Black Sea region. December SRW wheat futures in Chicago closed at $7.14 1/4 per bushel. Meanwhile, US wheat export sales for the 2026/27 season stand at 9.178 mln tons, down 30% y/y and equal to 44% of USDA’s projected export volume.

December corn futures declined to $5.27 1/2 per bushel. US corn export commitments for the current season are estimated at 17.4 mln tons, down 27% y/y. At the same time, South Korean importers purchased another 130 thsd tons of corn in a tender after buying 260 thsd tons a day earlier.

November soybean futures fell to $13.03 1/2 per bushel. USDA reported a private sale of 111 thsd tons of new-crop soybeans to China. Total US soybean export commitments stand at 20.631 mln tons, or 45% of USDA’s projected exports, above the five-year average of 36%.

On MATIF, December milling wheat futures also declined to €241.50/t, or about $277.15/t, while March futures fell to €244.75/t. Corn moved higher in Paris, with the November contract rising to €264/t and March to €262.50/t.

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