Wheat, corn and soybeans fall in Chicago on Monday

Major agricultural futures in Chicago declined on Monday, September 28. December wheat futures fell 2.06% to $253.07/t, corn lost 0.99% to $205.91/t, while November soybean futures dropped 2.33% to $473.34/t.

The market came under additional pressure from uncertainty over US-China trade arrangements. Wheat and corn were included among the products for which China agreed to cut duties, but traders do not expect a rapid increase in purchases of US grain. Soybeans were excluded from the tariff relief.

US wheat exports in the week ending September 24 totaled 310.6 thsd tons, while shipments since the start of the marketing year reached 6.343 mln tons, down 34.4% year on year. Corn exports since the start of 2026/27 reached 5.726 mln tons, 12.1% above last year’s pace.

US soybean shipments for the week totaled 1.153 mln tons, including 806.8 thsd tons shipped to China. Soybean exports since the start of the marketing year reached 2.844 mln tons, up 25.7% from the same period last season.

European grain futures also ended the session lower. On MATIF, December wheat fell 1.36% to €233.25/t, or around $265.7/t, while November corn declined 0.99% to €268/t, or around $305.3/t.

The market is also awaiting NASS grain stocks data. Analysts expect US wheat stocks as of September 1 at 1.857 bln bushels, corn stocks at 1.911 bln bushels, and soybean stocks at around 321 mln bushels at the end of August.

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