11/06/26 Grains Extend Weekly String of Losses Awaiting Bullish Catalyst

11/06/2026 Click Above to Watch the Morning Market Talk Video Grains Extend Weekly String of Losses Awaiting Bullish Catalyst On the Grains: Wheat futures declined overnight, with the winter wheat markets marking for-the-move lows. Wheat markets have declined for 10 straight weeks. Corn and soybeans pivoted quietly around unchanged. Corn futures have declined for six straight weeks, while the string of losses will be four for soybeans. While price action and market attitudes are dour, traders may cover some short positions ahead of the weekend as they start to square positions ahead of next Tuesday’s USDA November crop reports. The search continues for a bullish catalyst that’s needed to put in lows and start working higher. Aside from pre-report positioning, grain traders will be looking for further value buying by global end-users. Thursday’s weekly export sales data showed signs that is picking up, as have daily sales announcements, though more is needed to convince traders prices are low enough. There’s also more attention on Brazilian weather with conditions expected to start trending warmer and drier in central Brazil, along with northern production areas that are already facing those conditions. Outside market focus will be on the stock market after volatile…