Grain Futures Bounce on Strong Export Demand

Grain futures markets saw a corrective bounce on August 3, 2026, after hitting three-week lows. The soybean complex was among those that rose, with November soybeans up 4 3/4 cents to $11.92 1/4.

The USDA reported daily sales of 488,000 MT of U.S. soybeans to China and 136,150 MT to unknown destinations during 2026-27.

Other grain futures, including corn, wheat, and spring wheat, also saw gains, but the cattle and hog markets declined.

The corrective bounce in grain futures was attributed to short covering and perceived bargain buying from specs, as well as support from additional export demand from China.