Search this newsroom.

Grain Markets Stabilise on October 1 as Wheat Abandonment Hits Century High and Soybean Export Commitments Surge

US corn and wheat futures recovered from multi-week lows on October 1, 2026, while soybeans fell across the complex. Key market drivers included a record-high US winter wheat acre abandonment rate, a sharp cut to Russia's wheat export forecast, surging US soybean export commitments led by China, and record combined biodiesel and renewable diesel production in July.