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Macro

Chicago wheat futures fall 5.3% for the week; corn down 3.8%

CBOT wheat futures fell 5.27% over the week to $6.25 a bushel, while corn dropped 3.85% to $4.56 a bushel, as of Friday’s New York close on Oct. 23. The Bloomberg Grains Subindex slipped 0.23% to 30.8240 points, down 3.21% for the week. Soybeans eased 0.45% to $12.6950 a bushel, soybean meal lost 2.90% and soyoil 0.46%; lean hogs fell 2.02%, while live cattle rose 1.20% and feeder cattle gained 2%.

Original source

AI take

The weekly selloff is concentrated in feed grains rather than the whole complex: wheat and corn took the brunt while soybeans barely moved and livestock split, with cattle firmer against weaker hogs. That divergence suggests pressure specific to grain supply expectations rather than a broad commodity risk-off, since the grains subindex fell only modestly relative to wheat's drop. The live cattle strength alongside falling feed costs is the pairing worth watching, since it hints at margin dynamics rather than demand signals. Whether wheat's decline extends into the next session or stabilizes near this level remains the open question.

Generated by AI for reference only.

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