Business · Energy & Commodities · 1 hr ago
Chicago wheat, corn and soybeans fall as US harvest outlook improves
Prices for wheat, corn and soybeans fell on the Chicago Board of Trade on Monday.
Wheat and corn dropped for a fourth session, while soybeans also lost ground.
Reports of favourable weather across much of the US Midwest raised hopes that farmers could make up for harvest delays caused by rain.
Investors were waiting for the US Department of Agriculture’s weekly harvest progress report, due Tuesday.
The USDA also raised its estimates of US grain and soybean stocks at the end of the season compared with its September estimates.
These changes in harvest expectations and stock estimates can influence grain market prices.
The report was the next update investors were watching.
Chicago wheat and corn fell for a fourth straight session on Monday as expectations for a better US harvest weighed on prices.
Soybeans also declined after favourable weather across much of the US Midwest raised hopes that harvesting would catch up.
The most-active soybean contract fell 0.52% to $12.85-1/4 a bushel, while corn dropped 0.16% to $4.79.
Wheat lost 0.86% to $6.65-1/4 a bushel.
The US Department of Agriculture raised its estimates for US grain and soybean ending stocks from its September estimates.
- Who
- Wheat, corn and soybean markets on the Chicago Board of Trade.
- What
- All three crops fell as improved US harvest prospects and higher ending-stock estimates weighed on prices.
- When
- Monday, October 12, 2026.
- Where
- Chicago markets; the harvest outlook concerns the US Midwest.
- Why
- Favourable weather raised hopes that farmers could catch up after rain delays, and the USDA raised its ending-stock estimates.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
Rain delayed harvesting in parts of the US.
Favourable weather across much of the US Midwest raised hopes that farmers could catch up on harvesting.
Chicago wheat and corn fell for a fourth straight session, while soybeans also declined.
The USDA's weekly harvest progress report was due.
- Soybeans
- Fell 0.52% to $12.85-1/4 a bushel
- Corn
- Fell 0.16% to $4.79 a bushel
- Wheat
- Fell 0.86% to $6.65-1/4 a bushel
- US ending stocks
- USDA raised its estimates for grain and soybean stocks from September estimates
Sources
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