Chicago wheat falls over 1.5%, soybeans down 1.16%

The softness is concentrated in the soy complex, where soymeal's steeper decline outpaced the bean itself — a sign the move is about crush economics rather than broad grain sentiment. Wheat's larger percentage drop alongside a nearly flat grains subindex suggests single-market pressure rather than a sector-wide repricing. Livestock's split, with lean hogs down and feeder cattle up, points to demand-side differentiation rather than a uniform risk-off. Whether soymeal weakness keeps dragging beans lower is the open question.