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CBOT Trends-Wheat and soybeans up 1-2 cents, corn steady-weaker

ReutersOct 6, 2025 1:24 PM

- The 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. CDT (1330 GMT) on Monday.

NOTE: The U.S. government remains shut down, suspending many government reports, including the U.S. Department of Agriculture's weekly crop progress report that normally runs on Mondays.

WHEAT - Up 1 to 2 cents per bushel

  • CBOT wheat Wv1 firmed on short-covering after life-of-contract lows set last week and on support from news of a Saudi purchase in an import tender.

  • Saudi Arabia bought 455,000 metric tons of wheat in an international tender, the country's General Food Security Authority said. Traders said they expected the wheat to be mainly sourced from Russia and other Black Sea countries.

  • Weather conditions in Ukraine at the end of September were favorable for the germination and initial development of winter crops including wheat and barley, analyst APK-Inform said, citing data from Ukrainian state meteorologists.

  • CBOT December soft red winter wheat WZ25 was last up 2 cents at $5.17-1/4 per bushel. K.C. December hard red winter wheat KWZ25 was 2 cents higher at $4.99 per bushel and Minneapolis December wheat MWEZ25 was up 1-1/2 cents at $5.61-1/4 per bushel.

CORN - Steady to down 1 cent per bushel

  • Corn futures traded near unchanged as traders await fresh direction. Beneficial weather has aided U.S. harvest progress in most of the Midwest crop belt, capping price rallies.

  • In Brazil, planting of the country's first-season corn crop reached 40% of the projected area in the key center-south region, versus 37% a year earlier, consultancy AgRural said, the highest level for the date since the 2012/13 harvest.

  • CBOT December corn CZ25 was last down 1/4 cent at $4.18-3/4 per bushel.

SOYBEANS - Up 1 to 2 cents per bushel

  • Soybean futures headed slightly higher in early moves, supported by strength in crude oil CLc1 while traders await updates on government aid to compensate growers for China shunning U.S. supplies.

  • U.S. Treasury Secretary Scott Bessent has said an announcement would be made this Tuesday about government support for American farmers affected by the lack of purchases by China, by far the world's biggest soybean importer.

  • Traders continue to monitor yield reports from the U.S. Midwest after a busy harvest weekend.

  • Meanwhile, Brazil's soybean planting reached 9% of the expected area as of last Thursday, marking the second-highest level for the date, consultancy AgRural said on Monday.

  • CBOT November soybeans SX25 were last up 2 cents at $10.20 per bushel.

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