NewsSignals AI analysis·Reuters·Oct 29, 2026

Corn, soy bids steady-higher as futures ease

Grade Bbearish AI signal$ZS$ZC$WTI

U.S. Midwest corn and soybean basis bids held steady to higher as harvest progressed, while soybean futures weakened under pressure from the ongoing harvest and falling crude oil prices. The USDA reported that the U.S. soybean harvest was 79% complete and corn harvest was 60% complete, with weekly net export sales of 2.58 million metric tons for soybeans and 1.30 million tons for corn. Continued harvest pressure and expectations for a record U.S. soybean crop could weigh further on soybean prices, while export demand may help support grain markets.

Bullish strength: 35/100

Corn and soybean basis bids were steady to higher across the U.S. Midwest.
Weekly net soybean export sales reached 2,576,400 metric tons.
Weekly net corn export sales reached 1,303,900 tons.

Bearish strength: 65/100

Soybean futures fell 3-1/4 cents to $12.34-3/4 per bushel.
Corn futures remained near three-month lows.
The ongoing harvest and projected record U.S. soybean crop pressured soybean prices.
Declining crude oil futures added pressure to soybeans.

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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