# Grains attempt to find footing as oil steadies

> Corn and wheat rebounded modestly after hitting four-month lows, while soybeans and soyoil fell to multi-month lows after a sharp crude plunge. Wheat gained after a cut to Russia's export forecast, and crude steadied near $89 after a steep weekly decline on prospects of easing Middle East tensions.

- Date: 2026-11-05 · published 2026-11-05T15:05:17.183Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/81880-grains-attempt-to-find-footing-as-oil-steadies
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower crude weakens biofuel demand for soyoil and corn, while a cut to Russian export forecasts supports wheat prices by tightening global supply.

## Read by commodity

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

## Sources

- profarmer.com: https://www.profarmer.com/news/first-thing-today/first-thing-today-grains-attempt-find-footing-oil-steadies

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