Why are corn and wheat futures hitting four-week lows?

Corn and wheat futures have fallen due to bearish chart patterns and potential increases in Black Sea grain exports if a Ukraine-Russia peace deal is reached.

What impact does the US-China soybean sale have?

A recent daily sale of 123,000 metric tons of U.S. soybeans to China for the 2025-26 marketing year provides some support to soybean futures.

What is the outlook for South American corn and soybeans?

Trader focus is shifting to South American weather, with potential weather-market scares expected for corn and soybeans in Brazil and Argentina.

Home / Business and Economy / Grain Markets Wobble: Bulls Face Bearish Signals

Grain Markets Wobble: Bulls Face Bearish Signals

27 Nov

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Summary

Corn, soybean, and wheat futures hit multi-week lows.
US soybean sales to China reported for the 2025-26 year.
Ukraine peace talks signal potential increase in Black Sea wheat exports.

Grain Markets Wobble: Bulls Face Bearish Signals

Grain markets are showing signs of weakness, with March corn and winter wheat futures hitting four-week lows, and January soybeans retreating from recent highs. The bullish momentum seen in grain markets over the past week appears to be waning, with price action potentially forming bearish pennant or flag patterns on daily charts. Corn, soybean, soybean meal, and winter wheat bulls require renewed strength to counter confident speculative bears.

Market participants are looking towards stronger domestic and export demand for corn, alongside fresh soybean purchases from China, to provide price support. The USDA reported a daily U.S. soybean sale of 123,000 metric tons to China for the 2025-26 marketing year. Encouragement for soybean bulls also stems from President Trump's positive comments on a call with China's President Xi Jinping regarding agricultural trade.