CBOT soybeans fall 2.44%, wheat drops 2.20% as grains sell off

The breadth of the decline matters more than any single contract: soymeal falling harder than soybeans points to weakness in the crush complex rather than a one-off headline, and the grains subindex touching a multi-week low suggests this is a sentiment move across the curve. Coffee's counter-trend gain is the tell that this isn't a uniform commodity story — softs and grains are trading on separate fundamentals. Whether the subindex holds above its August low is the open question.