Agriculture

USDA reported 849,800 metric tons of 2026/27 wheat export sales for the week ended Oct. 22, a marketing-year high and above the 200,000-500,000 ton trade range. December CBOT wheat settled up 4.75 cents at $6.03¾ per bushel. Strong sales provide evidence that prices have fallen enough to attract demand despite earlier pressure from potential Black Sea supply improvements. Read →

Bunge Global reported Q3 adjusted EPS of $2.56, beating the $2.44 consensus, with soybean processing and refining net sales rising 5.4% year-over-year to $11.4 billion. Robust oilseed crush margins drove the beat. The company maintained its full-year adjusted EPS guidance of $9.25-$9.75 despite noting a complex global environment ahead. Read →

December corn settled down 0.5 cent at $4.51¼ per bushel and November soybeans fell 3.25 cents to $12.34¾ amid ongoing U.S. harvest pressure and a weaker Brazilian real. Wheat turned higher on the strong USDA export sales and reports of Chinese buying interest, with December CBOT wheat up 4.75 cents at $6.03¾. Read →

U.S. soybean harvest reached 79% complete as of Oct. 26, ahead of the five-year average, adding supply pressure. The Brazilian real weakened sharply after Lula da Silva’s election victory, boosting competitiveness of Brazilian soybeans. November CBOT soybeans fell 7.75 cents to $12.30¼ per bushel overnight. Read →

Private exporters reported a 120,000 metric ton sale of soybeans for 2026/27 delivery to unknown destinations. The announcement comes amid ongoing U.S. harvest pressure and follows recent Chinese purchases, providing a modest demand signal for the oilseed complex. Read →

ICE arabica coffee futures fell 2.6% to $2.8605 per lb, reaching a 2.5-week low. A weaker Brazilian real after the election and improved harvest prospects in top producer Brazil weighed on prices, with robusta also under pressure from rising Vietnam stocks. Read →

USDA reported corn export inspections at 625,233 metric tons for the week ended Oct. 22, down from 692,234 tons prior week and well below year-ago levels. Wheat inspections fell to 183,824 metric tons while soybean inspections rose to 2.48 million metric tons. The data underscore weakening corn and wheat export flows amid strong soybean shipments. Read →

Lula's reelection strengthens Brazil-China soybean trade ties, pressuring US beans competitively. Corn futures hovered near 3.5-month lows overnight after harvest jumped to 60% complete. Soybeans showed a modest overnight bounce on technical buying following Monday's selloff. Read →

Chicago wheat futures fell as much as 2% to $6.125 per bushel, erasing the Black Sea risk premium built since July. Moscow signaled willingness to discuss proposals securing grain shipments through the region. The move removed a key support factor that had lifted prices earlier in the fall. Read →

President Luiz Inácio Lula da Silva won reelection in Brazil, sending the real sharply lower and raising expectations of stronger Brazil-China soybean trade ties. The most-active Chicago soybean contract fell as much as 1.7% to its lowest since late August. The move boosts Brazilian export competitiveness against US supplies for the world's top importer. Read →

January soybean futures fell 16 cents to $12.5250 on Monday. Brazil's 2026-27 corn and soybean planting advanced ahead of last year's pace per AgRural, while USDA export inspections showed strong soybean shipments but weaker corn and wheat volumes. Corn futures closed a penny lower at $4.55. Read →

USDA's weekly Crop Progress report showed 60% of US corn harvested as of Oct. 25, six points behind the five-year average. Soybean harvest reached 79%, two points ahead of average. Winter wheat planting hit 76%, one point behind pace, with 53% emerged. Read →

November soybean futures dropped 17.75 cents to $12.5075 overnight after Lula's surprise reelection raised prospects for deeper Brazil-China trade. Corn futures lost 3.25 cents to $4.5275 amid accelerating US harvest progress. Wheat futures were mixed. Read →

USDA reported net US soybean export sales for the week ended Oct 15 at 2.841 million metric tons, nearly five times the prior week and near the top of expectations, driven by 2.18M tons to China. The surge offset harvest pressure and supported November futures up 3.5 cents to $12.565/bushel. Strong Chinese buying and higher oil prices provided concrete demand support for the soy complex. Read →

India's government extended the duty-free import window for 1 million metric tons of raw sugar under the TRQ from Oct 31 to Dec 31 to bolster festive supplies. Only about 260,000 tons have been imported so far amid price parity issues. Domestic 2025-26 production estimates were cut to 306 lakh tons against demand of 280-285 lakh tons. Read →

USDA confirmed the first New World screwworm detection in US wildlife, in a hunter-harvested elk in Pecos County, Texas. New Mexico officials separately confirmed a case in a beef cow in Otero County. The agency is expanding surveillance and infested zones while resuming some cattle imports at additional ports starting Oct 26. Read →

Chicago soybeans rose 0.32% to $12.57/bushel on USDA data showing 2.84 million metric tons of net export sales for the week ended Oct. 15, well above the prior four-week average. Strong Chinese buying provided support, but dry Midwest weather accelerating a bumper U.S. harvest and expectations for a larger Brazilian crop cap gains, leaving prices on track for a weekly decline. Read →

Chicago soybeans fell 0.12% to $12.43-3/4 per bushel Thursday as favorable dry weather speeds U.S. harvest of projected record crops. Renewed Chinese demand confirmed by USDA offered limited support but was outweighed by harvest pressure, while corn rebounded modestly on ethanol demand and wheat recovered from recent lows amid Black Sea monitoring. Read →

New York cocoa December futures plunged $261 (4.47%) to $5,582/t on persistent selling despite dry weather concerns in Ivory Coast. Arabica coffee retreated from a near six-week high, and raw sugar extended losses for a fifth session to 20.13 cents/lb amid narrowing white premiums and fund positioning. Read →

CBOT corn eased 0.6% to $4.59-1/4 a bushel, soybeans fell 0.3% to $12.45, and wheat dropped 0.9% to $6.37-1/4 a bushel. Advancing US Midwest harvest and diplomatic efforts to end Russia-Ukraine war prompted funds to liquidate long positions. Dry weather this week will accelerate harvest of bumper crops. Read →

December corn settled up 1.25 cents at $4.63-1/4 per bushel after breaking below August lows and triggering short covering. USDA reported 44% of US corn harvested as of Sunday, behind the five-year average. China bought 134,000 metric tons of soybeans and Spain 165,000 metric tons in flash sales. Read →

CBOT corn fell 0.6% to $4.87-1/4, soybeans 0.5% to $10.61-3/4, and wheat 0.4% to $5.56-1/2 a bushel. Markets had rallied Tuesday on no new tariffs but reversed on fund selling. Dry Argentine conditions and Brazilian rain slowing soy harvest provide some support. Read →

Arabica coffee rose 1.1% to $3.15 per lb near a six-week high on falling stocks in Japan and Europe. Cocoa fell 1.3% on dry Ivory Coast weather concerns for next crop. Raw sugar slipped 0.5% to 20.42 cents per lb after hitting a 19-month peak last week. Read →

December wheat fell 1.9% to $6.42 3/4 a bushel on the CBOT as peace-talk sentiment in the Black Sea and Middle East reduced risk premiums. Corn dropped 1.2% to $4.61 1/2 and soybeans 0.5% to $12.47 1/2. USDA crop progress showed soybean harvest at 64% complete (vs. 65% five-year average) and corn at 44% (vs. 52%), with dry weather expected to accelerate fieldwork; a fresh 612,000-metric-ton USDA-confirmed soybean sale to China for 2026-27 provided partial support. Read →

USDA data showed corn inspections for export in the week ended Oct. 15 fell to 672,475 metric tons from 1.31 million the prior week and 1.32 million a year earlier. Soybean inspections jumped to just over 2 million metric tons from 1.11 million the previous week and 1.59 million a year ago. Wheat inspections also declined sharply; cumulative marketing-year soybean shipments now run 26.6% ahead of last year while corn lags. Read →

CBOT soybeans, corn and wheat edged higher overnight after touching multi-week lows, supported by slower-than-expected Midwest harvest progress last week, a weaker dollar and rising crude oil. USDA Monday data showed 64% of soybeans and 44% of corn harvested, both below expectations and averages; private sales of 114,000 metric tons of soybeans to China were confirmed, bringing four-day China totals to 1.472 million tons. Read →

US corn futures fell for a sixth straight session to the lowest since August 12 as hedge funds sold positions amid harvest pressure and weak exports. Export inspections dropped nearly 50% week-over-week to 672,500 tons through Oct. 15, with marketing-year sales down 2.3% year-on-year. The slide reflects ample near-term US supply hitting the market faster than demand absorbs it. Read →

CBOT November soybeans closed down 7.75 cents at $12.53-1/2 per bushel after touching the lowest level since Aug. 27 as funds unwound longs. USDA confirmed 114,000 metric tons sold to China on Monday, part of 1.472 million tons over four days, yet harvest acceleration outweighed the support. The agency’s next crop progress report is expected to show 66% of the soybean crop harvested. Read →

U.S. wheat futures jumped 3% Tuesday to $6.26 per bushel after the head of Russia’s grain union said frosts damaged 15-30% of winter grains, far above official estimates, plus Egypt booked 460,000 tons of Black Sea wheat. Soybeans and corn futures fell as traders awaited Wednesday USDA supply-demand reports and U.S. crops rated strong at 72-74% good-to-excellent. Read →

CBOT soybeans edged up 0.18% to $12.63-1/2 a bushel Monday after USDA confirmed 558,000 metric tons of private sales to China, bringing three-day total to 1.358 million tons. Corn slipped 0.21% to $4.73-1/4 near a two-month low on the second-largest projected U.S. harvest of 16.034 billion bushels; wheat rebounded 0.49% to $6.63-3/4. Read →

Arabica coffee settled up 10.8 cents or 3.7% at $3.056 per lb Friday, touching a one-month high of $3.1130, as ICE-certified stocks fell to 238,976 bags near a 27-year low. Traders worry Brazilian supplies will not replenish warehouses before December expiry amid El Nino risks to next year’s crop and stronger Brazilian real. Read →

Chicago Board of Trade soybean futures dropped 0.4% to $12.71-3/4 per bushel on Thursday as dry Midwest weather sped up harvesting, with 46% of the US soybean crop now in the bin, above analyst expectations. Losses were capped by Chinese government buyers booking 8-10 cargoes of US soybeans for December and later shipment, confirmed by a 470,000 metric ton private export sale to China. Active harvest supplies and a one-year low expected September crush weighed on prices. Read →

Chicago wheat fell 0.4% to $5.72-1/2, corn slipped 0.1% to $4.10-1/4 and soybeans dropped 0.2% to $10.21-1/2 on Friday as funds turned net sellers after a two-week rally from near four-year lows. All three posted weekly gains of 4.2%, 2.2% and 2.1% respectively on speculator short covering, a weaker dollar and poor European wheat crops. Traders await next week's USDA September crop estimates amid expectations of large US corn and soy harvests. Read →

USDA confirmed flash sales of 330,000 metric tons of soybeans to China and 283,500 metric tons to unknown buyers for 2026-27 delivery. November soybeans hit a seven-week low despite the purchases as harvest pressure mounted. Conab raised its 2026/27 Brazil corn production forecast to 148 million metric tons and soybean output to 181.6 million metric tons, above prior USDA projections. Read →

Chinese state-owned firms bought 8-10 Panamax cargoes of US soybeans for December shipment at $3.10-$3.20 premiums over January futures. This marks the first major purchases since the September Trump-Xi summit and follows a holiday-related pause. The deals signal renewed demand support for US soybeans amid ample global supplies. Read →

November soybeans rose 8 cents overnight to $12.9175 after Reuters reported the China purchases. Corn harvest reached 33% complete, up from 23% but still behind the 39% average, with quality ratings improving 2 points to 56% good-to-excellent. Wheat futures extended weakness as planting progress advanced. Read →

USDA's latest report showed US corn harvest at 33% complete through Oct. 11, lagging the five-year average by 6 points, while soybean harvest jumped to 46%, 4 points behind average. Corn good-to-excellent ratings rose 2 points to 56%; soybean ratings held steady at 57%. Winter wheat planting reached 51%. Read →

Chicago wheat futures rose 0.4% after Argus cut its Russia wheat production forecast to a three-year low of 79.5 million metric tons. Uncertainty over Russia's harvest size and potential Indian imports lifted prices from two-month lows, while US harvest progress and ample supplies capped gains. Read →

Chicago soybeans fell 0.3% to near $12.83-1/2 per bushel Tuesday as harvest activity picked up across the US Midwest after dry weather. The market is digesting last Friday’s USDA WASDE report that lifted the US soybean harvest estimate to a record. Traders await the weekly USDA crop progress report due after the close. Read →

As of Oct. 11, US corn harvest reached 33% complete, up 10 points but 6 points behind the five-year average. Soybean harvest surged to 46% complete, up 21 points but still 4 points behind average. Winter wheat planting stands at 51% complete, 7 points behind average. Read →

The October WASDE raised the US corn yield estimate to about 11.4 t/ha, pushing production to roughly 407Mt and ending stocks nearly 7Mt higher than September. Global corn ending stocks rose to 280.4Mt. Wheat prices softened despite a cut in Russian export forecasts to 40Mt, the lowest in five years. Read →

December corn settled at $4.8275 per bushel, down 0.25 cent, after light technical selling. November soybeans fell around 0.25-0.5% amid harvest progress and a Chinese auction signaling weaker import needs. December Chicago SRW wheat and KC HRW wheat each dropped 3 cents to $6.6925 and $7.1225. Read →

Raw sugar futures on ICE rose 2.3% to 20.72 cents per lb Monday after hitting a 19-month high of 21.24 cents last week. Record El Nino-linked rains in Brazil and more expected in October threaten output and exports from the top producer. White sugar also gained 2.4% to $555.60 per metric ton. Read →

CBOT soybeans fell 1.01% to $12.79 per bushel as the USDA raised October estimates for US grain and soybean ending stocks from September. Favorable Midwest weather aided harvest catch-up while Brazil soybean planting hit its fastest pace ever at one-fifth of area. China cut its 2026/27 soybean output forecast by 590,000 metric tons. Read →

Most-active CBOT soybean futures dropped as much as 1% extending losses into a second day. Top importer China has yet to make significant purchases after its weeklong holiday while the US supply outlook remains ample after the USDA report. The decline follows Friday's WASDE revisions showing higher ending stocks. Read →

Chicago wheat futures dropped as much as 1.3% after President Trump said Russia and Ukraine agreed to an immediate energy ceasefire, easing Black Sea supply disruption fears. Russia and Ukraine supply over 25% of global wheat exports. USDA's higher corn output forecast added pressure. Read →

USDA raised 2026 corn yield to 181.2 bushels per acre and production to 16.034 billion bushels, well above analyst expectations of 177.7 bushels per acre and 15.721 billion bushels. Ending stocks rose 282 million bushels to 1.849 billion. December corn fell over 20 cents, the largest drop since 2023. Read →

Egypt’s GASC announced a new international wheat tender with offers due November 4 for shipments from late November into December. It is the first tender since an August auction that secured only 7% of the targeted volume. The move follows direct purchases including 480,000 tons of Russian wheat. Read →

CBOT July wheat jumped 18.5 cents to $6.26 per bushel after Russia's grain union reported frosts damaging 15-30% of winter grains, far above ministry estimates. Soybeans fell 9 cents to $11.79-1/4 and corn dipped 1.25 cents to $4.50-1/2 as traders awaited Wednesday's USDA supply-demand reports. The wheat move reverses a nine-session slide fueled by harvest progress and prior oversold conditions. Read →

Australia is on track for 2.6 million tonnes of grain exports in October, 47% above the five-year average, with wheat comprising two-thirds of shipments. Escalating attacks on Black Sea ships and terminals disrupt Russian and Ukrainian flows, boosting demand from the Philippines, Indonesia and China. This marks Australia's busiest October for grain exports in 16 years and supports wheat prices. Read →

ICE raw sugar futures fell 1.9% to 20.44 cents per lb after hitting a 19-month peak of 21.24 cents on Wednesday. Traders viewed the El Nino-driven rally as overdone. Coffee and cocoa also declined, with Arabica pressured by high Brazilian exports and cocoa weighed by a growing 2025/26 global surplus estimated at 450,000-720,000 tonnes. Read →

Grain trackers fell on Thursday with soybeans down 0.72%, corn off 0.47% and wheat lower 0.56% ahead of Friday's USDA WASDE. Chinese crushers held a record 7.96 million tonnes of soybeans in late September, covering needs through early February and cooling near-term U.S. export prospects. Markets also digested solid but below-average weekly export sales. Read →

Soybeans advanced while corn held steady and wheat softened after the latest WASDE raised Brazil's soybean crop to 180 million metric tons but left U.S. exports unchanged. Coffee slumped toward six-month lows near $3/lb on Brazil's record 66-million-bag outlook; sugar and cocoa also fell on surplus expectations. Livestock and soybean oil provided offsets amid biofuel demand. Read →

Only 23% of US corn and 25% of soybeans were harvested as of Sunday, behind the five-year average, after recent rains. Analysts expect the October WASDE on Friday to trim corn yields modestly to around 177.7 bushels per acre while soybean figures stay largely steady. Dry weather ahead could accelerate fieldwork and influence final production estimates. Read →

Chicago corn rose 0.2% to $5.08-3/4 a bushel near its one-week high. USDA Monday data showed corn harvest at 23% complete versus 27% five-year average and good-to-excellent ratings cut 3 points to 54%. Drier Midwest weather this week may speed harvest but the surprise condition drop supports prices ahead of Friday’s WASDE. Read →

Corn rose 10.75 cents, soybeans 22.25 cents on the surprise 3-point drop in US corn good-to-excellent ratings to 54%. Harvest lags at 23% corn and 25% soybeans versus five-year averages. Short-covering and weaker dollar lifted the complex ahead of Friday’s WASDE. Read →

Raw sugar futures reached a 19-month high of 20.90 cents per lb on forecasts of more rain in Brazil’s Centre-South that could cut production below 38 million metric tons. Arabica coffee rose while cocoa eased after sharp gains. Vietnam coffee exports rose 16.2% year-on-year. Read →

USDA crop progress showed US corn harvest at 23% complete, 4 points behind the five-year average, with good-to-excellent ratings down 3 points to 54%. Soybean harvest reached 25% versus 33% average. The larger-than-expected condition drop raises questions for Friday’s WASDE yield estimates. Read →

Most-active CBOT corn fell 0.1% to $4.96-3/4 a bushel and soybeans declined 0.2% to $12.78-1/2 a bushel on Tuesday. USDA data showed US corn harvest at 23% and soybeans at 25%, both behind five-year averages, after rain delays in Iowa and the western Midwest. Dry weather expected across the central US this week should accelerate fieldwork and add seasonal harvest pressure. Read →

ICE raw sugar futures rose 3.4 cents to 20.60 cents per lb, scaling a 19-month high of 20.65 cents amid record September rainfall in Brazil and forecasts for more El Nino-linked excess rain through October. Brazilian sugar output fell 41.6% in the first half of September as rains disrupted fieldwork and ports. Analysts at Green Pool said the market now expects output well below prior estimates. Read →

USDA Crop Progress report for the week ending Oct. 4 showed US corn harvest at 23% versus 27% five-year average and soybeans at 25% versus 33% average. Corn condition fell three points to 54% good-to-excellent, the season low, while soybeans slipped one point to 57%. Winter wheat planting reached only 36% and emergence 16%, both behind average. Read →

Nationally, 23% of corn and 25% of soybeans were harvested as of Oct. 4 per USDA, up from the prior week but four to eight points behind five-year averages. Illinois led progress with corn at 36% and soybeans at 31%, while Iowa lagged far behind at 7% corn and 27% soybeans. Dry weather this week is expected to support catch-up fieldwork. Read →

Chicago wheat futures rose 0.9% to $6.89/bushel as diplomatic efforts to resume Black Sea shipping stalled and Russian President Putin rejected truce proposals. Sovecon cut its 2026/27 Russian grain export forecast to 44.7 million metric tons, warning Azov and Black Sea ports may stay shut until 2027. Corn eased 0.2% to $4.97-1/4 on large US inventories while soybeans edged 0.2% higher amid ongoing US harvest pressure. Read →

CBOT wheat gained 0.4% after Argus cut its Russian wheat production forecast to a three-year low of 79.5 million metric tons. An Indian official signaled possible trimming of import taxes and stock limits on traders, potentially boosting global demand. US harvest progress and strong condition ratings kept corn and soybeans under pressure. Read →