Soybeans Rebound Before USDA Grain Stocks Report as Corn Edges Lower
Soybeans recovered from Monday's tariff-driven slide while corn eased ahead of today's USDA Grain Stocks report; Brazil's planting runs slightly ahead, Argentina is dry. The post Soybeans Rebound Before USDA Grain Stocks Report as Corn Edges Lower appeared first on The Rio Times .
Soybeans rebounded on Tuesday, September 29, 2026, following a drop on Monday, due to China's continued tariff on US beans. Traders anticipated steady demand and the upcoming US government stocks report. The SOYB fund increased 0.88% to US$27.59, while the CORN fund declined 0.15% to US$19.50. Corn traded in a narrow range before the report, which could impact estimates of old-crop supplies.
China's exclusion of soybeans from its tariff relief maintained Brazil's price advantage in the world's largest soybean market. Brazil's planting started slightly ahead of last year, although drought was hindering work in Argentina's core farming region. The US dollar index rose 0.17% to 101.37, slightly hindering dollar-priced grains.
Today's USDA Grain Stocks report is the next factor, with a significant corn number likely affecting the CORN fund, as the US harvest progresses. Grain trackers had mixed reactions on Tuesday, September 29, with the soybean fund bouncing, the corn tracker falling, and wheat rising. November soybeans gained 9½ cents to US$12.97¾ per bushel, recovering from Monday's loss.
December corn eased ¾ cent to US$5.22¼. Soybean oil settled at 68.36 US cents per pound, up for the day. Soybeans appeared to be the most supported commodity before the report. China's state buyers Sinograin and COFCO had purchased over 12 million tonnes of US soybeans, nearly half of the 25 million tonnes annually Beijing had pledged to buy through 2028, though China had not confirmed this target.
Corn faces the greatest risk in the near term due to harvest pressure. The key to watch is today's USDA Grain Stocks report: an unexpectedly large corn inventory could harm the CORN fund, while a modest soybean number could prolong SOYB's upward momentum. The SOYB tracker rose 0.88% to US$27.59. The wheat tracker WEAT gained 0.32% to US$25.05, while the CORN tracker declined 0.15% to US$19.50, the lowest of the three.
All three funds hold Chicago futures, not actual grain. Brazil's agricultural firm SLC Agrícola fell 0.65% in São Paulo to R$16.75 (approximately US$3.22).
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
