# Soybeans Up Friday, Corn and Wheat Falter: What Bottoms the Grain Markets?

> Soybean futures closed higher on Friday, with November up 3.5 cents at $12.56 1/2, while corn and wheat ended mostly lower. Analyst Dan Basse said China has bought about 18 million metric tons of US soybeans against a 25 million metric ton commitment, with more cargoes bought that day. Brazil's presidential election was also in focus.

- Date: 2026-10-23 · published 2026-10-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/17141-soybeans-up-friday-corn-and-wheat-falter-what-bottoms-the-grain-markets
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Chinese purchases support US soybean prices and firm the market, while a weaker Brazilian real could make Brazilian soybeans more competitive. Corn and wheat remain under pressure.

## Read by commodity

- SOY: bullish ▲
- CORN: bearish ▼
- WHEAT: bearish ▼
- USDBRL: neutral

## Sources

- agweb.com: https://www.agweb.com/markets/soybeans-friday-corn-and-wheat-falter-what-bottoms-grain-markets

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.