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South African grain prices remain under pressure, with the outlook tied to US export demand, weather in South Africa and Brazil, and investment-fund activity. Corn prices fell amid improved rainfall prospects, high stocks and weaker international markets; soybean prices held firmer on Chinese demand, while wheat remained under pressure from ample global supplies.
Better rainfall prospects and high stocks weigh on corn, while ample global wheat supplies also limit prices. Chinese demand is providing support for soybeans, and upcoming rainfall could change crop prospects in South Africa and Brazil.
landbou.comNov 5, 2026After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% 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.
