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USDA reported wheat export sales of 538,000 tonnes for 2026/27 in the week ended October 29, down 37% week on week but above analyst estimates of 300,000 to 500,000 tonnes. Corn sales of 1.29 million tonnes landed at the high end of expectations, and soybean sales fell 44% to 1.46 million tonnes.
The Philippines and South Korea led wheat buyers, Mexico led corn and China led soybeans.
Sales running above expectations for wheat and corn support export demand for US grain. Soybean sales are slowing, which weighs on the outlook for China's purchases.
marketwatch.comNov 5, 2026After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
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.
