Wheat and Soybeans Rise in Chicago While Corn Slips
On Monday, October 5, wheat and soybean futures climbed in Chicago, while corn prices dipped slightly. December CBOT wheat surged 1.35% to $254.34 per ton, and November soybeans gained 0.16% to $470.59 per ton. December corn, however, slipped 0.10% to $195.77 per ton.
Wheat prices received a boost from the slow planting progress of winter wheat in the US. As of October 4, only 36% of the planned area had been planted, lagging 10 percentage points behind the five-year average. Wheat export inspections for the week totaled 302,400 tons.
Corn ended the day slightly lower despite a new private sale of 129,540 tons to Mexico. The US corn harvest was 23% complete, trailing 4 percentage points behind the average pace, with crop conditions declining to 54% rated good to excellent.
Soybean futures were supported by robust export demand. US soybean shipments reached 1.138 million tons for the week, with exports since the start of the 2026/27 marketing year hitting 3.986 million tons, up 30.9% year-over-year. The USDA also reported a private sale of 104,000 tons of soybeans to unknown destinations.
European grain markets also saw gains. December wheat on MATIF rose to €245.75 per ton, and November corn climbed to €274.75 per ton.