Wheat, Corn and Soy Funds Slip Before WASDE | Grains, Oct 8
Grain funds slipped on 8 October as China's crushers held record soybean stocks. The USDA's WASDE report is due on Friday 9 October. The post Wheat, Corn and Soy Funds Slip Before WASDE | Grains, Oct 8 appeared first on The Rio Times .
Grain funds declined on Thursday, October 8, 2026, as traders reduced risk before the USDA’s monthly WASDE report. Soybean, corn, and wheat trackers fell 0.72%, 0.47%, and 0.56% respectively, closing at US$27.39, US$18.96, and US$24.76. China's soybean inventory at 7.96 million tonnes, the highest in 15 years, signaled strong coverage for China, the largest soybean importer.
Argentina's projected 2026/27 soybean output of 53.6 million tonnes added to supply comfort. The Black Sea situation and U.S. harvest progress were seen as secondary factors. The USDA WASDE report on October 9, 2026, would determine if Chinese demand or South American production changes were significant enough to affect grain prices.
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