NewsSignals
NewsSignals AI analysis·Reuters·

Corn, soy bids mostly higher as farmers hesitate to sell

Grade Bbearish AI signal$CORN$SOYB
Corn and soybean basis bids across the US Midwest were mostly steady to higher as low futures prices discouraged farmers from selling their remaining grain supplies. Analysts expect the USDA to slightly reduce its corn production estimate to 15.962 billion bushels while raising its soybean production forecast to a record 4.597 billion bushels. Continued farmer selling resistance could support cash grain basis levels, although large harvest supplies and weak futures prices may pressure corn and soybean markets.

Bullish strength: 40/100

  • Low futures prices are discouraging farmer selling, supporting Midwest cash grain basis bids.
  • USDA is expected to lower its corn production estimate from October.

Bearish strength: 60/100

  • USDA is expected to raise its soybean production estimate to a record 4.597 billion bushels.
  • Corn and soybean futures both closed lower.
  • The soybean harvest was already 88% complete, ahead of the five-year average of 84%.
  • Corn futures recently reached their lowest level since July 1.

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

Read the original source ↗

← Browse more news analysis

Trade on MEXC

Related market news analysis

More recent source-attributed AI analysis in macro.

Corn, soybean futures sag under weight of big US crops

US corn and soybean futures fell to multi-month lows as large domestic harvests continued to weigh on prices, with corn approaching a four-month low and soybeans hitting a 2-1/2-month low. December corn closed down 4.25 cents at $4.40 per bushel, while January soybeans dropped 14 cents to $11.88¼; analysts expect the USDA to report a record-large soybean harvest next week. Rising US crop supplies could maintain downward pressure on corn and soybean prices, while wheat may remain sensitive to developments surrounding Black Sea shipping access.

ICE Review: Canola Falls on Speculative Long Liquidation

ICE canola futures fell to a four-month low as speculative long liquidation intensified selling pressure, with January contracts dropping C$15.10 to C$753.20 per metric ton. Prices broke below their 200-day moving average near C$766, while weaker soybean, soyoil, rapeseed and palm oil markets added pressure; Saskatchewan estimated canola yields at 38.3 bushels per acre versus Statistics Canada's 41.9 estimate. Continued speculative selling and weakness across competing vegetable oils could further pressure canola prices, although lower-than-expected crop yields may provide support.

CBOT corn ends lower under pressure from large US harvest

CBOT corn futures closed lower, trading near a four-month low as expectations of a historically large US harvest continued to pressure prices. The USDA is expected to estimate the 2026 US corn crop at 15.962 billion bushels, which would rank as the second-largest harvest on record, while weekly export sales reached 1.3 million metric tons. Continued large crop supplies could keep pressure on corn futures despite steady export demand.