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CBOT Trends-Soybeans up 5-10 cents, corn up 1-4, wheat steady-up 2

ReutersFeb 20, 2025 2:29 PM

- Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Thursday.

WHEAT - Steady to up 2 cents per bushel

CBOT wheat Wv1 futures firm after a sharp decline a day earlier, lifted by a weaker U.S. dollar and spillover support from corn and soy.

Traders are monitoring a cold snap in parts of the U.S. and Russian wheat belts amid concerns that crops lacking snow cover could be damaged by the frigid weather.

The Taiwan Flour Millers' Association bought an estimated 102,450 metric tons of U.S. milling wheat in a tender.

CBOT March soft red winter wheat WH25 was last up 1 cent at $5.93 per bushel. K.C. March hard red winter wheat KWH25 was last up 3-1/2 cents at $6.17-1/4 a bushel and Minneapolis March spring wheat MWEH25 was up 7 cents at $6.40-1/2 a bushel.

CORN - Up 1 to 4 cents per bushel

Corn futures Cv1 firm on strong U.S. export demand and concerns about South American production prospects. Comments from U.S. President Donald Trump that a trade deal with China was possible provided support.

Hot weather in Argentina stoked concerns about the country's drought-hit crop, although rains were expected in parts of the farm belt next week.

Traders monitoring soybean harvest progress in Brazil as delayed harvesting could curb planting of the country's second crop.

CBOT March corn CH25 was last up 3-1/4 cents at $5.00-3/4 per bushel.

SOYBEANS - Up 5 to 10 cents per bushel

Soybean futures Sv1 rise after comments from U.S. President Trump that a trade deal with top soy importer China was possible.

Traders monitoring harvest progress in top soy exporter Brazil, where bad weather had delayed field work earlier in the season.

CBOT March soybeans SH25 were last up 8 cents at $10.39-3/4 per bushel.

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