NewsSignals AI analysis·Reuters·Nov 6, 2026

Corn, soy bids mostly higher ahead of weekend

Grade Bbullish AI signal$CORN$SOYB

U.S. Midwest corn and soybean basis bids strengthened on Friday as farmers held back sales amid low prices and the ongoing harvest. USDA reported export sales of 101,000 metric tons of corn to unknown destinations and 136,000 metric tons of soybeans to China for 2026/2027 delivery, while CBOT January soybeans settled up 5.5 cents and December corn gained 1.5 cents. Continued farmer selling resistance could support domestic grain prices, although expectations of record-large soybean production and ample global supplies may limit further gains.

Bullish strength: 65/100

Corn and soybean basis bids strengthened across parts of the U.S. Midwest.
Farmers remained reluctant to sell, limiting available grain supplies.
USDA reported 136,000 metric tons of soybean exports to China.
CBOT January soybeans gained 5.5 cents and December corn rose 1.5 cents.

Bearish strength: 35/100

Analysts expect U.S. soybean production estimates to increase to a record 4.597 billion bushels.
Expected U.S. corn production of 15.962 billion bushels would still represent the second-largest harvest in history.
Expectations of ample global supplies weighed on agricultural futures.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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