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Macro

Bloomberg Grains Subindex Edges Up 0.25% as Soybeans, Wheat Gain

At the close of New York trading on Tuesday, September 29, the Bloomberg Grains Subindex rose 0.25% to 33.7613 points. CBOT soybean futures gained 0.72% to $12.9775 a bushel, wheat futures added 0.61%, and soybean oil rose 0.89%. Corn futures slipped 0.14% and soybean meal was up 0.06%.

Original source

AI take

A subindex move of this size is mostly noise, but the internal split is the more useful signal: soybeans, soyoil and wheat carried the complex while corn alone finished lower. That divergence matters for anyone tracking crush margins or feed input costs, since soyoil strength alongside firm beans points to demand pulling from the oil side rather than meal. The open question is whether corn keeps lagging its row-crop peers or converges once the rest of the complex settles.

Generated by AI for reference only.

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