10/22/26 Grains Pause Awaiting Strong Demand Signal

10/22/2026 Click Above to Watch the Morning Market Talk Video Grains Pause Awaiting Strong Demand Signal On the Grains: Corn and soybeans are mildly firmer early this morning, as markets are pausing following their recent sharp losses. Wheat futures struggled to find buyers overnight. Corn snapped its six-day string of declines on Wednesday. Soybeans and wheat are still trying to halt their string of price losses. Traders will look to export demand to signal prices have fallen far enough to attract strong global end-user buying. Until there’s a strong demand signal and/or some other reason that dries up fund selling, any strength will be purely corrective in nature. USDA reported another 114,000 MT of daily new-crop soybean sales to China on Wednesday, pushing the five-day total to nearly 1.75 MMT. USDA also announced daily soybean sales of 165,000 MT to Spain, which is more important, as it signals value buying by someone other than China. The market assumes China will buy its 25 MMT of soybeans and then be done. That means any export demand boost must come from other sources. Traders also want to see value buying show up for corn. There have only been two daily corn sales…