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Chicago wheat recovered modestly on technical factors and a weaker dollar index, while Black Sea export flows remain disrupted by the Russia-Ukraine conflict. Weekly US wheat inspections fell to a very low 75 kt, and December SRW closed up 3 cents at $6.07/bu.
Soybeans fell 17.5 cents to $12.17/bu after crude oil dropped about 7%.
Weak US wheat export programs and inspections cap rallies, while a weaker dollar supports US competitiveness. The crude slump pressured soybeans through the biofuel and soyoil link.
terre-net.frMarius GarrigueNov 3, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
