Over the past week, wheat, corn, and soyoil futures in Chicago increased, while soybean and soymeal futures declined. In Paris, the March wheat contract fell, the May contract remained unchanged, and contracts for the next harvest rose significantly. Corn futures followed a similar pattern to wheat, while rapeseed futures saw a notable increase.
The grain markets are opening Friday with positive momentum across wheat, corn, and soybeans, as traders position themselves ahead of the long weekend.
Wheat, corn, and soybean futures posted modest gains on Thursday as global production forecasts, export activity, and weather developments shaped market sentiment.
A mix of export activity, shifting weather patterns, and production estimates are shaping the grain market as the trading session begins on Thursday. Global demand signals, supply concerns, and geopolitical factors are playing a significant role in market sentiment.
Chicago grain futures saw a mixed but overall weaker close on Tuesday, as soybeans, corn, and wheat struggled to hold onto gains despite key global developments, including shifting South American production estimates, China’s demand outlook, and ongoing Russian and Brazilian trade activity.
With the USDA’s WASDE report due later in the day, traders are closely monitoring supply forecasts and global trade flows. Here's how wheat, corn, and soybean futures are positioned at the start of Tuesday’s session and the broader factors shaping today's market.
Weak demand, expanding global supplies, and macroeconomic concerns continue to weigh on prices, despite pockets of support from fund activity and ethanol demand.
