NewsSignals AI analysis·Reuters·Oct 29, 2026

Soy, corn basis higher as harvest progresses

Grade Bbearish AI signal$ZC1!

US Midwest soybean and corn basis bids held steady to higher as harvest progress boosted grain supplies and futures faced pressure. The USDA reported soybean harvest completion at 79% and corn at 60%, while weekly net export sales reached 2.58 million metric tons for soybeans and 1.30 million tons for corn; soybean futures fell 6 cents to $12.32 per bushel, while corn futures slipped 1 cent to $4.51. Continued harvest progress could increase near-term supply pressure on grain futures, although firm basis bids and export demand may provide some support.

Bullish strength: 40/100

Soybean and corn basis bids were steady to higher in the US Midwest.
Weekly net soybean export sales reached 2,576,400 metric tons.
Weekly net corn export sales reached 1,303,900 tons.

Bearish strength: 60/100

The US harvest boosted grain supplies and pressured prices.
Soybean futures fell 6 cents to $12.32 per bushel.
Corn futures fell 1 cent to $4.51 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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