# First Thing Today | Corn, soybeans drift lower as traders prepare to close books on October - Pro Farmer

> Grain futures opened mixed in overnight trade, with December corn down 1 3/4 cents and January soybeans down 1 1/4 cents. December soybean meal fell $1.10 while December soybean oil rose 50 points, and wheat was seeking follow-through buying after recent news reports. Traders are positioning ahead of October month-end and November soybean first-notice day.

- Date: 2026-10-30 · published 2026-10-31T10:05:21.631Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/2823-first-thing-today-corn-soybeans-drift-lower-as-traders-prepare-to-close-books
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Routine overnight price moves with no new fundamental cause; the soybean meal decline slightly weighs on feed protein costs while soyoil strength supports the oil-meal crush spread.

## Read by commodity

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

## Sources

- profarmer.com: https://www.profarmer.com/news/first-thing-today/first-thing-today-corn-soybeans-drift-lower-traders-prepare-close-books-october

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