# Grain market opens with dollar and oil in focus

> Opening quotes on November 5 show weaker wheat, soybean oil and corn. Russian wheat in the Baltic is around US$260 per tonne and Argentine wheat about US$228 FOB, and Argentine export prices fell US$14 in ten days. Chicago soybean oil for January 2027 fell below 64 cents per pound, a near six-month low.

- Date: 2026-11-05 · published 2026-11-05T19:35:24.654Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/82314-grain-market-opens-with-dollar-and-oil-in-focus
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower Black Sea risk and cheaper competing origins weigh on wheat and corn export prices. Softer crude oil reduces biofuel support for vegetable oils, which keeps soybean oil under pressure.

## Read by commodity

- SBO: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- agrolink.com.br: https://www.agrolink.com.br/noticias/mercado-de-graos-abre-com-dolar-e-petroleo-no-radar_520613.html

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