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NewsSignals AI analysis·Reuters·

Wheat up 1-2 cents, soy up 2-3 cents, corn steady-down 1 cent

Grade Bbullish AI signal$ZW$ZS$ZC$CL
US grain futures show a mixed outlook, with wheat and soybeans edging higher while corn remains steady to slightly lower ahead of Friday's Chicago Board of Trade session. December wheat rose 1-3/4 cents to $6.26-1/2 per bushel and November soybeans gained 2 cents to $12.55, supported by ongoing Black Sea concerns and Chinese export demand, while December corn slipped 1 cent to $4.59-1/2 under harvest pressure. Continued export demand and Black Sea shipping disruptions could support wheat and soybean prices, while the advancing US harvest may weigh on corn.

Bullish strength: 55/100

  • Wheat and soybean futures posted modest gains.
  • Continued Black Sea attacks may sustain concerns about grain trade disruptions.
  • Recent export sales to China supported soybeans, and the USDA confirmed 116,000 metric tons of US corn sales.

Bearish strength: 45/100

  • The advancing US harvest pressured corn and soybeans.
  • Diplomatic efforts to end Russia's war with Ukraine raised hopes of renewed Black Sea grain trade, weighing on wheat in recent sessions.
  • Corn futures slipped 1 cent 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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