NewsSignals AI analysis·Reuters·Nov 2, 2026

Corn, soy bids steady-mixed as futures fall

Grade Bbearish AI signal$ZS1!$SF27$CZ26

U.S. soybean and corn markets remain under pressure as futures prices fall, while Midwest cash basis bids stay mostly steady to mixed amid ongoing harvest activity. January soybean futures dropped 9% from last month's high and settled at $12.16-3/4 per bushel, their lowest level since August 19, while December corn settled at $4.48-1/4. Record soybean production and the second-largest corn crop could maintain downward pressure on grain prices, although harvest delays from scattered rainfall may provide some support.

Bullish strength: 20/100

Low futures prices are discouraging farmers from selling.
Scattered rainfall may delay harvesting.

Bearish strength: 80/100

Soybean futures have fallen 9% from last month's high.
Soybean futures reached their lowest level since August 19.
USDA estimates point to record soybean production and the second-largest corn crop.

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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