# Rain and export demand determine the direction of grain prices

> 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.

- Date: 2026-11-05 · published 2026-11-06T13:39:35.102Z
- Category: weather · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/84075-rain-and-export-demand-determine-the-direction-of-grain-prices
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Read by commodity

- SOY: bullish ▲
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-07-28 | [End-of-week selloff plagues grain prices](https://feedsoft.ai/events/10708-end-of-week-selloff-plagues-grain-prices.md) | -13.3% | -14.1% |
| CORN | 2021-08-30 | [U.S. grains: Prices down on rains, Ida shuts grain facilities - Grainews](https://feedsoft.ai/events/45598-u-s-grains-prices-down-on-rains-ida-shuts-grain-facilities-grainews.md) | -6.1% | -11.6% |
| CORN | 2026-04-13 | [Ukrainian corn exports are focused on the Mediterranean and European destinations](https://feedsoft.ai/events/14126-ukrainian-corn-exports-are-focused-on-the-mediterranean-and-european.md) | +1.7% | +3.2% |
| CORN | 2023-05-16 | [U.S. weather, Brazilian production slashes grain prices](https://feedsoft.ai/events/5014-u-s-weather-brazilian-production-slashes-grain-prices.md) | +0.5% | -0.2% |
| CORN | 2016-08-12 | [Grain market update: prices fluctuate ahead of WASDE report - 12 August 2016 Premium](https://feedsoft.ai/events/9953-grain-market-update-prices-fluctuate-ahead-of-wasde-report-12-august-2016.md) | +2.1% | -0.9% |
| SOY | 2018-01-22 | [The price of soybean meal is increasing due to the reduction in exports from Argentina](https://feedsoft.ai/events/12098-the-price-of-soybean-meal-is-increasing-due-to-the-reduction-in-exports-from.md) | +0.8% | +4.5% |
| SOY | 2020-10-20 | [Reduced production support purchase prices for soybean and sunflower in Ukraine](https://feedsoft.ai/events/50768-reduced-production-support-purchase-prices-for-soybean-and-sunflower-in-ukraine.md) | +3.2% | +9.4% |
| SOY | 2026-02-11 | [Lack of rain pressures corn and soybeans in the South](https://feedsoft.ai/events/13451-lack-of-rain-pressures-corn-and-soybeans-in-the-south.md) | +1.0% | +6.9% |

## Sources

- landbou.com: https://www.landbou.com/markte/marknuus/reen-en-uitvoervraag-bepaal-rigting-van-graanpryse-20261105-0710

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