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Desk View — 9 October 2026: France pays for wheat and corn on hand, US wheat and corn struggle to find buyers
French cash wheat and corn hold firm against futures in the middle of harvest, while US wheat and corn export sales cover a smaller share of the USDA programme than in any recent season. We are bullish on Euronext milling wheat, Euronext corn and CBOT soybean oil, bearish on CBOT SRW wheat, CBOT corn, soybean meal and Euronext rapeseed, and neutral on HRW wheat, soybeans and canola.