Wheat falls, corn rises and soybeans trade mixed in Chicago on Friday

Trading on the Chicago Board of Trade (CBOT) ended with mixed price movements across major grains and oilseeds on Friday, November 6, 2026. Wheat futures declined amid weak export demand and expectations of higher US stocks, while corn prices edged higher. Soybean futures also showed mixed performance, although fresh export sales to China provided support. Market participants are awaiting the updated USDA WASDE report, scheduled for release on November 10.

December Chicago soft red winter (SRW) wheat futures fell 8 cents to $5.91¼ per bushel, or approximately $217.84 per ton. March contracts declined 7 cents to $6.02¾ per bushel. In Kansas City, December hard red winter (HRW) wheat lost 3.25 cents to $6.32½ per bushel ($232.40/ton), while March futures settled at $6.39¾ per bushel. In Minneapolis, December hard red spring wheat futures declined 4 cents to $6.16 per bushel ($226.34/ton), while March contracts fell 7.25 cents to $6.30¼. Weak US export performance weighed on prices, with cumulative wheat export sales for the 2026/27 season totaling 12.18 mln tons, down 28% year on year. Meanwhile, traders continue to monitor prospects for the resumption of Black Sea shipping, which could intensify competition in the global market.

Corn futures ended the session moderately higher. December contracts rose 1.5 cents to $4.41½ per bushel ($173.82/ton), March futures gained 0.75 cent to $4.55¼, and May contracts increased 0.25 cent to $4.63½ per bushel. The market received support from a USDA announcement of a private export sale of 101 thsd tons of US corn to undisclosed destinations for delivery in the 2026/27 season. However, total US corn export sales amounted to 24.79 mln tons, down 34% from a year earlier. Ahead of the USDA report, analysts expect the US corn production forecast to be reduced by 54 mln bushels to 15.98 bln bushels.

Soybean futures were mostly higher in nearby contracts, although some contracts ended the session lower. November futures rose 8 cents to $11.89 per bushel, January contracts gained 5.5 cents to $11.93¾ per bushel ($438.62/ton), and March futures increased 3 cents to $11.99¼. USDA reported a new export sale of 136 thsd tons of soybeans to China. Total US soybean export commitments for the 2026/27 season reached 30.23 mln tons, up 76% from the same period last year. This represents 66% of projected annual exports, compared with a five-year average of 54%.

Analysts expect USDA to lower its estimate of US corn ending stocks by 3 mln bushels to 1.846 bln bushels, while wheat stocks could increase to 744 mln bushels. For soybeans, production is projected to rise by 34 mln bushels to 4.596 bln bushels, with ending stocks expected to increase to 332 mln bushels. Meanwhile, global prices will continue to be influenced by US export activity, South American supplies and developments in Black Sea logistics.

On the Paris-based MATIF exchange, December milling wheat futures reached €225.50 per ton, equivalent to approximately $250–253 per ton, while March contracts traded at €223 per ton. The December wheat contract gained about 1% during the session. March corn futures rose to €247.25 per ton ($277.39/ton), while June contracts remained unchanged at €245.25 per ton. Meanwhile, a stronger euro continues to weigh on the export competitiveness of European wheat.

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