Corn Rises on Global Markets While Wheat and Soy Decline

November 6, 2026 · Tarım Pusulası

On the Chicago Board of Trade, wheat and soybeans weakened due to weaker foreign trade data, while corn prices surged on record export figures.

Wheat and Soy Decline on Global Markets

On the Chicago Board of Trade, wheat and soybean prices fell during the November 4, 2026, futures trading session, while corn contracts showed positive divergence. According to CBOT data, December futures for soft red winter wheat dropped 0.21% to $219.91/ton and $5.98½/bushel. Similar losses were observed on the Kansas City and Minneapolis exchanges. This decline was primarily driven by a 14.8% decrease in U.S. September wheat exports compared to the previous month, falling below half of last year's levels.

Record Exports Boost Corn Prices

CBOT corn futures managed to close the day with a premium due to strengthening global demand for U.S. products. December corn contracts rose 0.40% to $174.90/ton, with analysts expecting weekly export sales to range between 800,000 and 1.8 million tons. The country's September corn exports reached a record 7.084 million tons, a 0.48% increase from the previous year. On the South American front, ANEC estimated Brazil's November corn exports at 6.02 million tons.

Soybeans Under Pressure Despite New Sales

The soybean market continued its downward trend despite announcements of new export deals. January soybean contracts fell 0.97% to $441.74/ton. According to U.S. Department of Agriculture data, a sale of 167,000 tons of soybeans for the 2026/27 marketing season delivery to Spain was registered. Brazil's export association ANEC, however, projected November soybean shipments at 3.33 million tons, down 900,000 tons from last year. Market analysts estimate U.S. weekly soybean sales to be between 950,000 and 2.5 million tons.

European Exchange MATIF Records Decline in Grains

In the European market, a downward trend was observed in grain futures, mirroring Chicago's performance. On the Paris-based MATIF exchange, December futures for milling wheat lost 0.49% to 224 euros/ton, approximately $250.68/ton. March futures traded at 222.75 euros/ton. In the European corn market, March futures fell to 247.75 euros/ton, and June futures dropped to 245.50 euros/ton, reflecting the global easing.

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