Grain Markets Rebound Soybeans Wheat Lead Monday Gains

Soybeans on the Chicago Board of Trade started the week with gains after three consecutive sessions of declines. The U.S. Department of Agriculture (USDA) reported a significant increase in soybean exports for the week ending October 1, with 1.14 million tonnes shipped, marking a 45.3% rise from the previous week. However, this figure remains 1.5% lower than the same week last year. The total exports for the marketing year stand at 3.99 million tonnes, a 30.9% increase from the previous year. Additionally, the USDA announced a private sale of 104,000 tonnes of soybeans to an undisclosed destination.

Meanwhile, AgRural reported that Brazil’s soybean crop planting progressed to 7.3% as of October 1, lagging behind the 9% from the previous year. The production estimate for Brazil’s soybean crop was raised by 100,000 tonnes to 182.7 million.

Wheat prices also saw gains, with December Minneapolis spring wheat surpassing the $7 per bushel mark. U.S. wheat exports for the previous week totaled 302,356 tonnes, down 10.3% from the prior week and 49% from the same week last year. The marketing year total for wheat exports is 6.67 million tonnes, a 35% decrease from last year. A Saudi Arabian tender for 683,000 tonnes of wheat was successfully filled.

Corn prices remained relatively steady on Monday. U.S. corn exports for the previous week were 1.37 million tonnes, a 19.6% decline from the week before but a 13.5% increase from the previous year. The marketing year exports for corn are 7.11 million tonnes, up 4.4% from last year. AgRural estimated that 38% of Brazil’s corn crop has been planted, compared to 40% last year. The USDA also reported a private export sale of 129,540 tonnes of corn to Mexico for 2026-27 delivery.