Wheat futures climb on Black Sea shipping challenges.

Grain markets experienced a mixed session, with Soybean and Corn futures facing downward pressure while Wheat futures found support. Soybean futures moved lower as U.S. Midwest rain forecasts and lagging biodiesel and oil exports weighed on prices. Corn futures also slipped, driven by cooler temperatures across the Corn Belt and improved 2026 output estimates. Conversely, Wheat futures trended higher, underpinned by ongoing shipping challenges in the Black Sea region. However, competing issues, including improving Canadian output, kept wheat trading in a sideways range for most of the week.