# Chicago Grain Futures Close Lower as Corn Hits Four-Month Low

> Chicago grains closed lower on October 30, with December corn at a four-month low of $4.47 3/4 and January soybeans at $12.34 1/4. December Chicago wheat settled at $6.03 1/2, and December soybean meal fell $4.70 to a two-month low of $324.60 per short ton.

- Date: 2026-10-30 · published 2026-10-31T10:05:17.109Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/2794-chicago-grain-futures-close-lower-as-corn-hits-four-month-low
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Broad grain weakness and falling soybean meal prices lower feed input costs for buyers, while soybean oil's small gain reflects steadier biofuel-linked support.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-05-10 | [Bearish corn stocks pressure futures - Alliance Grain](https://feedsoft.ai/events/59043-bearish-corn-stocks-pressure-futures-alliance-grain.md) | +5.8% | +12.3% |
| CORN | 2017-07-12 | [Corn, winter wheat drag grains lower, as US supply](https://feedsoft.ai/events/69892-corn-winter-wheat-drag-grains-lower-as-us-supply.md) | -4.1% | -5.2% |
| CORN | 2026-10-12 | [Feeder cattle hit three-month high on lower corn outlook - CME
						 \| The Cattle Site](https://feedsoft.ai/events/589-feeder-cattle-hit-three-month-high-on-lower-corn-outlook-cme-the-cattle-site.md) | -1.1% | — |
| CORN | 2023-12-08 | [U.S. grains: CBOT grain, soybean futures tumble after monthly USDA data \| Farmtario](https://feedsoft.ai/events/32635-u-s-grains-cbot-grain-soybean-futures-tumble-after-monthly-usda-data-farmtario.md) | -2.7% | -0.3% |
| CORN | 2019-03-08 | [Futures lower on mixed USDA news](https://feedsoft.ai/events/60035-futures-lower-on-mixed-usda-news.md) | +0.8% | +0.8% |
| SOY | 2019-05-10 | [Bearish corn stocks pressure futures - Alliance Grain](https://feedsoft.ai/events/59043-bearish-corn-stocks-pressure-futures-alliance-grain.md) | +4.9% | +7.0% |
| SOY | 2017-07-12 | [Corn, winter wheat drag grains lower, as US supply](https://feedsoft.ai/events/69892-corn-winter-wheat-drag-grains-lower-as-us-supply.md) | -3.5% | -6.1% |
| SOY | 2023-12-08 | [U.S. grains: CBOT grain, soybean futures tumble after monthly USDA data \| Farmtario](https://feedsoft.ai/events/32635-u-s-grains-cbot-grain-soybean-futures-tumble-after-monthly-usda-data-farmtario.md) | +0.2% | -5.5% |

## Sources

- agrolatam.com: https://www.agrolatam.com/usa/news/chicago-grain-futures-close-lower-as-corn-hits-four-month-low/

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