10/23/26 Wheat In Extended Daily, Weekly Losing Strings

10/23/2026 Click Above to Watch the Morning Market Talk Video Wheat In Extended Daily, Weekly Losing Strings On the Grains: Corn, soybeans and wheat traded narrowly around unchanged in rather directionless overnight price action. Corn and beans snapped their recent daily string of losses earlier this week – corn on Wednesday and soybeans on Thursday. Wheat is still trying to accomplish that feat. On a weekly basis, SRW wheat will finish lower for an eight straight week – the longest string for the most actively traded contract since 1997. Barring big rallies today, corn is poised for its fourth straight weekly decline and soybeans will end lower for a second straight week. USDA announced another 202,000 MT of new-crop soybean sales to China on Thursday, with the six-day total increasing to 1.950 MMT. More will be coming as China’s state-owned firms booked more cargoes on Thursday, as they are using the break to the lowest prices since late August to push toward finalizing the 25 MMT purchase commitment for 2026-27. Accounting for China’s export commitments through Oct. 15, sales to unknown destinations (much of which are to China) and the barrage of buying over the past week-plus, Beijing has purchased…