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Corn, soybeans and wheat traded lower before the open on November 3, with corn and soybeans hitting fresh lows for the move. Fund selling continued despite solid cash-market demand, while the US attacked Iran's Qeshm Island and oil futures fell on diplomacy hopes.
Persistent fund selling is pushing grain prices to new lows even with firm cash demand. Lower crude oil reduces the energy-linked support for soybean oil and biofuel-related demand, while a fading Black Sea war premium removes wheat's risk support.
profarmer.comLane AkreNov 3, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
