Overview
- Chicago soybean futures fell for a sixth straight session this week as a faster U.S. harvest and commodity fund selling increased available supply and drove prices to multiweek lows.
- U.S. harvest progress reported in market coverage shows soybeans about 46% harvested and corn about 33% harvested, figures that analysts say are adding new crop tonnage into world markets.
- Demand signals limited the slide with the USDA confirming a 114,000‑ton soybean sale to China and U.S. weekly corn exports rising above 1.1 million tonnes, indicating buyers are using lower prices to cover needs.
- In Argentina the maize sowing reached 34.8% of the planned area and is running ahead of last year, while soybean planting remains delayed and depends on further rains to consolidate soil moisture.
- Wheat prices diverged from oilseeds because port damage and routing problems in the Black Sea keep export flows tight and higher, a dynamic reinforced by a large international tender in which Algeria bought about 700,000 tonnes.