A mostly neutral USDA WASDE paired with volatile crude and mixed South American weather left wheat under pressure while soybeans found support ahead of U.S.–China talks.
Traders trimmed positions into Monday’s WASDE preview after massive U.S. export shipments, heavy technical/delivery activity and rising fertilizer risk left markets reactive and uneven
Chicago futures are softer after overnight volatility — wheat leads the weakness while corn and soybeans trade lower — as the market parses strong weekly export shipments, heavy technical/delivery activity, Brazil/Argentina weather splits and mounting fertilizer supply uncertainty ahead of the WASDE
A week of volatile swings ended with crude-driven energy rallies, record U.S. corn sales and Black Sea disruptions shifting risk back toward crop supply and input-cost uncertainty.
