# Wheat, Soybeans and Corn: Between Record Exports and Chicago’s Bearish Pressure on Local Prices

> A Rosario Grain Exchange review described strong export activity in Argentina’s major grain sectors alongside falling local prices, pressured by lower Chicago futures and ample domestic supplies. It highlighted a Brazilian wheat crop forecast down 27.2% to 5.73 million tonnes, supporting prospects for record Brazilian purchases of Argentine wheat, while Argentina’s corn carryover is projected at a record 14.4 million tonnes.

- Date: 2026-11-09 · published 2026-11-09T19:36:12.452Z
- Category: weather · region Argentina and Brazil · magnitude medium
- Page: https://feedsoft.ai/events/90089-wheat-soybeans-and-corn-between-record-exports-and-chicago-s-bearish-pressure
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Brazil’s reduced wheat crop could increase demand for Argentine exports and support wheat prices. Argentina’s large corn carryover adds local supply and weighs on domestic corn prices.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-10-29 | [Oat Prices Reach Record Highs, Economists Aren't Convinced It'll Eat into Corn and Soybean Acres - AgWeb](https://feedsoft.ai/events/44607-oat-prices-reach-record-highs-economists-aren-t-convinced-it-ll-eat-into-corn.md) | +9.5% | +8.6% |
| WHEAT | 2024-04-23 | [Chicago wheat futures extend gains - Markets - Business Recorder](https://feedsoft.ai/events/12141-chicago-wheat-futures-extend-gains-markets-business-recorder.md) | -1.3% | +22.1% |
| WHEAT | 2024-09-23 | [Chicago wheat rises on global crop concern - Markets - Business Recorder](https://feedsoft.ai/events/5608-chicago-wheat-rises-on-global-crop-concern-markets-business-recorder.md) | +11.3% | +5.5% |
| WHEAT | 2018-05-18 | [GRAINS-U.S. wheat futures rally; corn, soy firm on hopes for export deal](https://feedsoft.ai/events/10916-grains-u-s-wheat-futures-rally-corn-soy-firm-on-hopes-for-export-deal.md) | +4.1% | +2.4% |
| WHEAT | 2018-03-01 | [Weather provides more support in corn, soybeans, and wheat - Brownfield Ag News](https://feedsoft.ai/events/66079-weather-provides-more-support-in-corn-soybeans-and-wheat-brownfield-ag-news.md) | +1.2% | +0.1% |
| CORN | 2022-06-23 | [Corn, Soybeans and Wheat Prices Plummet Thursday, Weather is Only Part of the Reason Why - AgWeb](https://feedsoft.ai/events/12698-corn-soybeans-and-wheat-prices-plummet-thursday-weather-is-only-part-of-the.md) | +1.6% | -10.7% |
| CORN | 2021-01-20 | [Soybeans down for third session on South America rains; wheat, corn fall - Markets - Business Recorder](https://feedsoft.ai/events/8238-soybeans-down-for-third-session-on-south-america-rains-wheat-corn-fall-markets.md) | +3.1% | +2.1% |
| CORN | 2026-07-29 | [Soybeans Sink on Weather, Pulling Down Corn and Wheat: Cattle Continue to Recover - AgWeb](https://feedsoft.ai/events/18361-soybeans-sink-on-weather-pulling-down-corn-and-wheat-cattle-continue-to-recover.md) | -3.5% | +5.0% |

## Sources

- lanota.com.ar: https://lanota.com.ar/agro/trigo-soja-y-maiz-entre-el-record-exportador-y-la-presion-bajista-de-chicago-sobre-los-precios-locales_1513

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