Grains Diverge as Traders Reassess Latest WASDE Report
Corn futures recover after a sharp post-report selloff, while soybeans and wheat edge lower as traders review the latest USDA data.
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what happened
Grain traders are continuing to assess last week’s WASDE report at the start of this week. The USDA is closed in observance of Columbus Day/Indigenous People’s Day. The report put corn yields and production above analysts’ expectations, triggering a sharp drop in corn futures.
Corn has since turned higher, gaining 0.3%. “We’re largely seeing a reversal from Friday’s post-WASDE trade, with a multitude of corn tenders announced after the break lower in prices,” Matt Zeller of StoneX wrote in a note, according to Dow Jones Newswires. Soybeans are down 0.3%, while wheat has declined 0.1%.
why it matters
The grain market is reassessing its initial response to WASDE. Corn is being supported by newly announced tenders, while soybeans and wheat remain slightly lower.
instruments
sources
- Grains Mixed as Market Continues to Digest WASDE — Market Talk — Dow Jones Newswires, 12 October 2026 at 13:37 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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