10/29/26 Bulls Searching for Anything to Stem the Tide

10/29/2026 Bulls Searching for Anything to Stem the Tide Morning Market Talk There will not be a morning market talk this morning. On the Grains: Soybeans faced follow through selling overnight after closing at a new for-the-move low on Wednesday. January futures touched their lowest level since Aug. 19 overnight. The next band of support starts at the May high of $12.25 1/4. Corn and wheat markets pivoted narrowly around unchanged overnight, while holding above their recent lows. Grain and soy markets remain in liquidation mode as bulls seek something to stem the tide. The data point of interest today will be export sales for the week ended Oct. 22. Soybean sales will be big due to daily sales to China during the reporting week. Traders will focus on soybean demand aside from China – and unknown destinations, which are assumed to be China. Corn sales are expected to top 1 MMT. Traders are looking for signs from global end-users that prices have fallen to value levels. Corn export sales are lagging, especially to top buyer Mexico. For wheat, major Black Sea shipping disruptions haven’t translated into increased demand for U.S. supplies, with export commitments running well behind year-ago and…