Wheat futures hit June lows as grain export sales surged. 10/23/26

Grain markets finished the week on a mixed note across the board. December Corn futures settled 4 1/2 cents lower at 456'0, bringing weekly declines to 18 1/4 cents and marking a fourth consecutive week of declines. Despite price pressure, corn export sales showed notable strength at 1.527 million metric tons, with Mexico purchasing nearly a third of that volume alongside an additional flash sale of 116,000 metric tons to unknown destinations. November Soybean futures gained 3 1/2 cents to settle at 1256'4 amid options expiration, while the active January contract advanced 3 3/4 cents to 1268'4. Soybean export demand remained robust at 2.84 million metric tons, led by China accounting for 2.2 million metric tons. Meanwhile, December Chicago Wheat futures edged up 1/4 of a cent to settle at 625'0, though the contract fell 35 1/2 cents on the week to mark an eighth straight weekly loss and its lowest weekly settlement since June as export demand remained muted. Learn more about trading futures and options at CME Group: https://www.cmegroup.com/markets/agriculture.html #Grains #Agriculture #Futures