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Rain and storms brought 5–100 mm to parts of Queensland and northern New South Wales, while drier conditions persisted in several southern and western Australian cropping regions. Brazil’s 2026–27 soybean planting reached 53% by 29 October, and Argentina’s Rosario Grain Exchange forecast wheat production at 23.8 million tonnes, though wet, cool conditions and frost were hampering fieldwork and threatening yields in some areas.
US wheat futures fell after comments on Russia and Ukraine, while traders awaited the WASDE report.
Rain has supported soybean planting in central Brazil, while excess moisture and frost may reduce Argentine wheat yields. The market commentary reports pressure on US wheat prices, but the article does not identify a major new supply shock.
graincentral.comGuest AuthorNov 9, 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.
