Export demand helped to buoy soybean futures on Wednesday, while both corn and wheat suffered declines.
The USDA today reported fresh soybean export sales, with 136,000 tonnes to China and another 331,000 tonnes to unknown destinations. Meanwhile, 120,000 tonnes of meal was reported sold to Poland. January beans gained 4 cents to $10.91 ¼, and November 2026 was up ¾ of a cent to $10.95 ½.
Wheat remained weighed down by hefty global supplies. The USDA in its monthly supply-demand update on Tuesday revised 2025-26 global wheat production and ending stocks higher from November. March Chicago wheat lost a nickel to $5.29 ½, and March Kansas City was down 3 ¾ centsd at $5.23 ¼. March Hard Red Spring and Minneapolis each dipped a penny to close at $5.60 ¾, and $5.75 ¼, respectively.
The losses in wheat helped to pull corn lower, with March falling 3 ¾ cents to $4.44 ¼, and December 2026 down 2 cents at $4.63 ¾.
