CBOT wheat falls as Russia issues grain vessel permits; soybeans, soyoil follow
Bullish strength: 20/100
- Corn futures rose 3 cents to $4.51-3/4 per bushel on bargain buying.
- Firm soybean basis values in some US cash markets indicate strong domestic demand.
Bearish strength: 80/100
- Wheat futures fell to their lowest level since July 1.
- Russian grain-export vessel permits could revive maritime traffic and increase competition for US exports.
- Soybean futures declined for a third consecutive session amid fund selling and ample US harvest supplies.
- Soyoil prices slumped to levels not seen since early July.
- Discounted South American soybeans could divert export business away from the US.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.