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The wire reported mixed crop conditions: Argentina’s wheat estimate rose to 23.8 million tonnes, while dry soils threaten winter-grain sowing in Russia and parts of Ukraine. Indonesia’s palm-oil growing areas have received less than half their normal rainfall, with GAPKI forecasting a nearly 9% drop in 2027 output; US wheat planting and crop conditions were slightly below benchmarks.
Chicago and Kansas wheat edged higher on stronger export sales, while soybeans fell on weaker sales and fund liquidation.
Dryness in the Black Sea and Indonesia could tighten wheat and palm-oil supplies, while Argentina’s larger wheat crop is a counterweight. Weak soybean export sales and fund selling weigh on soybean prices.
graincentral.comGuest AuthorNov 6, 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.
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.
