Loading…
CBOT grain futures closed broadly lower on November 3. Corn fell to a four-month low at $4.4250 a bushel, January soybeans fell to a two-and-a-half-month low at $12.14, and December wheat closed at $5.9975.
The USDA projects record US soybean and second-largest corn harvests, and StoneX raised its average yield forecasts for both crops.
Large projected US supplies and weaker export demand, with Brazil taking market share, point to lower corn, soybean and meal prices for feed buyers. Wheat is also under pressure from prospects of Russia-Ukraine talks that could ease Black Sea export constraints.
ava.fundNov 4, 2026After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
