By Kirk Maltais


--Soybeans for January delivery fell 1.3%, to $11.05 1/2 a bushel, on the Chicago Board of Trade on Friday, with a cheaper Brazilian real making those exports more attractive for buyers versus U.S. soybeans.

--Wheat for March delivery fell 0.8%, to $5.36 a bushel.

--Corn for January delivery fell 0.5%, to $4.45 a bushel.


HIGHLIGHTS


Currency Clash: The Brazilian real fell 2.7% versus the U.S. dollar, sparking concerns from analysts that American grain export demand could be affected. Additionally, the fall in the real versus the USD is feared to push farmers in Brazil to sell off more of their crops, in turn weighing on global corn and soybean prices, said Charlie Sernatinger of Marex in a note.

Back to Business: The USDA said that 462,000 metric tons of soybeans were sold to China for delivery in the 2025/26 marketing year. It is the first flash sale of soybeans to China reported in a week, but came as pessimism about China's follow-through with purchasing promises are weighing on prices. Treasury Secretary Scott Bessent said that the deadline for China to buy 12 million metric tons of soybeans from the U.S. has been extended to February from the end of the year.


INSIGHT


Built Back: The wheat crop in Ukraine is rebounding in size, said Andrey Sizov of SovEcon in a note. SovEcon forecasts that Ukraine's 2026 wheat production will be 24.6 million metric tons, nearly 7% higher than the 2025 harvest. It is the highest since 2022, which is when the continuing Russia-Ukraine war started. "The projected increase reflects a larger winter wheat area and broadly favorable crop conditions," said SovEcon.

Joined Together: In a joint letter addressed to President Trump, the American Petroleum Institute joined renewable fuel groups like the Renewable Fuels Association and Growth Energy in calling for all-year nationwide sale of E15 blended fuel. E15, or gasoline blended with 15% ethanol, could make ethanol an even bigger consumer of U.S. corn, with the industry already forecast to consume 5.6 billion bushels. The letter, dated Dec. 4, marks a change in stance for the API. "The largest oil and gas trade group in the U.S. has gone full circle on a proposal to allow year-round sales of fuels of higher ethanol blends--first backing it, then opposing and now supporting it again," said Naomi Blohm of Total Farm Marketing.


AHEAD


--The USDA will release its weekly Grain Export Inspections report at 11 a.m. ET Monday.

--The USDA will release its monthly WASDE report at noon ET Tuesday.

--The CFTC will release its Commitment of Traders report covering the week ended Nov. 4 at 3:30 p.m. ET Tuesday.


Write to Kirk Maltais at kirk.maltais@wsj.com


(END) Dow Jones Newswires

12-05-25 1531ET