Wheat Falls on Improved Black Sea Outlook, Soybeans and Corn Little Changed

After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.

• Dec 20, 2024World grain market: Wheat fell, while corn and soybeans rose on Thursday+2.2%
• Aug 3, 2020U.S. wheat futures fall on U.S. export woes; corn, soybeans firm | Financial Post-2.0%
• Jul 19, 2016Soybeans, corn, wheat give back gains - Brownfield Ag News-1.3%
• Oct 26, 2026Cash market update: Wheat falls on rising supply despite Black Sea risks as China’s US soybean purchases near 70% of its commitment - Fastmarkets-0.4%
• Jun 18, 2018Weekly Analysis: New-Crop Corn, Soybeans and SRW Wheat Markets-0.3%

After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

• Mar 26, 2018Corn and Beans Lower On China Trade Talk.+3.8%
• Nov 29, 2022Wheat recovers from 3-month low, Black Sea supplies limit gains-3.8%
• Mar 1, 2018Farmers Worry About Trade Retaliation in Soybeans, RFS Tradeoffs for Corn+0.8%
• Nov 2, 2023Ag Market Update: Wheat Prices Drop, China Becomes Top Wheat Importer, and Soybean Complex Dynamics - IASG+1.4%
• Aug 4, 2022Border Demand Steps in to Keep Valley Corn and Milo Prices Steady to Improved+2.7%

After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.

• Nov 29, 2022Wheat recovers from 3-month low, Black Sea supplies limit gains-1.3%
• Mar 1, 2023Wheat recovers from 2021 lows; Black Sea grain in focus - Markets - Business Recorder+2.3%
• Sep 23, 2024Chinese imports of soybeans from the US in August increased by 70%+5.3%
• Aug 17, 2018Soybean bulls and bears both watching China and trade talks-4.9%
• Nov 8, 2025Here’s what the U.S.-China trade truce really means for the U.S. soybean market — and for farmers - MarketWatch+1.0%

After 82 past bearish trade events, Wheat (HRW) moved a median -0.3% over 5 sessions (48% higher; middle half -2.8% to +1.9%), and +0.1% over 20.

• Dec 20, 2024World grain market: Wheat fell, while corn and soybeans rose on Thursday+2.1%
• Aug 3, 2020U.S. wheat futures fall on U.S. export woes; corn, soybeans firm | Financial Post-6.1%
• Oct 26, 2026Cash market update: Wheat falls on rising supply despite Black Sea risks as China’s US soybean purchases near 70% of its commitment - Fastmarkets-2.2%
• Aug 22, 2019Black Sea wheat price converted to Oklahoma and Texas: $3.49+1.6%
• Dec 29, 2022Favorable weather for winter wheat in the USA, Europe and the Black Sea region is putting pressure on quotations-4.8%