NewsSignals AI analysis·Reuters·Nov 4, 2026

Corn, soy bids steady-higher in slow trade

Grade Bbearish AI signal$CORN$SOYBEAN

U.S. Midwest corn and soybean basis bids held steady to higher as slow farmer selling prompted some buyers to raise cash-market bids despite ongoing harvest supplies. Soybean harvesting reached 88%, ahead of the five-year average of 84%, while corn harvesting stood at 74%; meanwhile, U.S. exporters sold 167,000 metric tons of soybeans to Spain for 2026/2027 delivery. Weak export demand and continued harvest pressure could limit further gains, although slower farmer selling may provide support for Midwest cash grain prices.

Bullish strength: 45/100

Slow farmer selling prompted some buyers to raise basis bids.
U.S. exporters sold 167,000 metric tons of soybeans to Spain for 2026/2027 delivery.
CBOT December corn futures gained 1-3/4 cents to $4.44-1/4 per bushel.

Bearish strength: 55/100

Export demand was lagging last year's pace.
Freshly harvested supplies are increasing market availability.
Soybean harvesting reached 88%, ahead of the five-year average of 84%.
CBOT January soybean futures fell 11-3/4 cents to $12.02-1/4 per bushel.

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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