Loading…
Chicago wheat futures fell on November 6 amid weak U.S. export sales and expectations of higher U.S. stocks; season-to-date wheat export sales were reported 28% below the prior year. Corn futures edged higher after the USDA announced a private sale of 101,000 tonnes to undisclosed destinations, while soybean futures were mixed and supported by fresh sales to China.
Traders were also awaiting the November 10 USDA WASDE report.
Weak wheat export demand and expectations for larger stocks weigh on wheat prices, while the reported corn sale supports demand expectations. Competition from potential Black Sea shipments remains an additional headwind for wheat.
ukragroconsult.comNov 9, 2026After 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.
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.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
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.
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.
