NewsSignals AI analysis·Reuters·Nov 2, 2026

Soy, corn basis mixed amid contract roll

Grade Bbullish AI signal$ZC$ZS

US Midwest soybean and corn basis bids were mixed as grain elevators, processors and river terminals rolled to new futures contracts amid ongoing harvest delays. The USDA reported US exporters sold 1.73 million metric tons of corn to Mexico and 136,000 metric tons of soybeans to China for 2026/2027 delivery, while CBOT soybeans fell 17 cents to $12.17-1/2 per bushel. Export demand could support grain prices, but harvest progress, contract roll adjustments and mixed regional basis conditions may keep near-term price action uneven.

Bullish strength: 55/100

US exporters sold 1,729,740 metric tons of corn to Mexico.
US exporters sold 136,000 metric tons of soybeans to China for 2026/2027 delivery.
Rain-related harvest delays could constrain immediate crop movement.
Some processor and ethanol plant corn basis bids strengthened.

Bearish strength: 45/100

CBOT soybean futures fell 17 cents to $12.17-1/2 per bushel.
CBOT corn futures remained flat at $4.47-3/4 per bushel.
Soybean and corn basis bids were mixed across Midwest locations.
Ongoing harvesting could increase crop availability as fieldwork progresses.

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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