Wheat Fund Edges Up 0.23% as Bunge Falls 4.74% | Grains, Oct 29
Key Facts
- The wheat fund WEAT edged up 0.23% to US$22.17 on Thursday, October 29, and the soybean fund SOYB gained 0.15% to US$26.11.
- The corn fund CORN rose 0.11% to US$17.44 and the broad farm-commodity fund DBA added 0.20% to US$27.17.
- Grain traders fell: Bunge, a major grain trader, dropped 4.74% to US$96.02 and ADM, another, lost 1.33% to US$76.20.
- Brazil and Argentina are major soybean exporters, so a weaker real, about 0.6% lower on the day, supports Brazilian farm incomes.
Today’s Focus
Grain funds edged up on Thursday, but the companies that trade grain fell. WEAT gained 0.23%, SOYB 0.15% and CORN 0.11%.
Bunge dropped 4.74% and ADM 1.33%. We could not confirm why.
Input suppliers were mixed: Corteva, a seed maker, rose 1.24%, while fertiliser makers Nutrien and Mosaic fell 0.85% and 0.55%.
What matters today. US farmers and food buyers compete with Brazil and Argentina for world grain sales, so small moves in these funds hint at export prospects and food costs.
01 The session in one read
WEAT closed at US$22.17, SOYB at US$26.11 and CORN at US$17.44, each up by 0.1% to 0.2%.
The DBA fund, a broad basket of farm commodities, rose 0.20%, and the MOO fund of agribusiness shares 0.57% to US$80.72.
The moves in prices were small and are best read as a pause.
Grain fund moves of 0.1% to 0.2% are within normal noise. Bunge’s 4.74% fall stands out and may reflect company news we could not confirm.
The RT economic calendar showed no USDA (US Department of Agriculture) grain report for the day. The variable to watch is Brazil’s planting weather.
02 The board
The funds hold futures contracts rather than physical grain, so they are directional proxies for prices.
ADM and Bunge are two of the world’s largest grain traders, with large operations in Brazil and Argentina.
| Asset | Level | Change |
|---|---|---|
| Wheat fund (WEAT) | US$22.17 | +0.23% |
| Soybean fund (SOYB) | US$26.11 | +0.15% |
| Corn fund (CORN) | US$17.44 | +0.11% |
| Farm commodities (DBA) | US$27.17 | +0.20% |
| Agribusiness shares (MOO) | US$80.72 | +0.57% |
| Bunge | US$96.02 | −4.74% |
| ADM | US$76.20 | −1.33% |
| Corteva | US$11.47 | +1.24% |
| Nutrien | US$68.48 | −0.85% |
| Mosaic | US$18.23 | −0.55% |
Source: RT close, 2026-10-29. Where a commodity has no spot feed, an exchange-traded tracker or leading producer is shown as a labelled proxy.
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| USD/CRC | 451.24 | +2.13% | -7.80% | 441.83 | 451.40 | 450.04 | — |
| USD/GTQ | 7.64 | +3.23% | +2.18% | 7.40 | 7.64 | 7.64 | — |
03 What moved it
We could not confirm a driver for Bunge’s fall; no company announcement reached our monitoring.
The Bureau of Economic Analysis (BEA), the US statistics agency, said US growth was 3.4% at an annual rate in the third quarter, above the 3.2% forecast in the RT economic calendar.
04 The Latin American read
Brazil’s real weakened about 0.6% to R$5.38 per dollar. A weaker real raises the local value of dollar-priced soy sales.
Argentina’s Merval fell about 1% on Thursday, with energy and power shares leading.
05 The names to watch
For US investors, WEAT, SOYB and CORN are the simplest ways to follow grain prices. Bunge and ADM show how the middlemen fared.
Fertiliser makers Nutrien and Mosaic and seed maker Corteva show input costs and sentiment.
06 The outlook
Grain prices will follow weather in South America, US export demand and the dollar.
A steady dollar and quiet weather would keep prices in a narrow range.
07 What to watch
- Brazil planting weather: Dry or wet spells change crop forecasts.
- USDA reports: Export sales and supply reports move US prices.
- USD/BRL: A weaker real tends to speed Brazilian sales.
- Bunge and ADM: Company updates can explain the traders’ weakness.
Frequently Asked Questions
Did grain prices rise on Thursday?
Slightly. WEAT rose 0.23%, SOYB 0.15% and CORN 0.11%.
Why did Bunge fall?
Bunge lost 4.74% to US$96.02. We could not confirm a cause.
Why does Latin America matter for grains?
Brazil and Argentina are major exporters of soybeans and corn.
What is the WEAT fund?
WEAT is a US-listed fund that tracks wheat futures.
Market data: RT
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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