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CBOT Trends-Wheat up 1-4 cents, corn down 1/2 to 1 cent, soy down 4-6 cents

ReutersOct 9, 2025 1:23 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. CDT (1330 GMT) on Thursday.

NOTE: The U.S. government remains shut down, suspending many government reports, including the U.S. Department of Agriculture's weekly export sales report and its monthly World Agricultural Supply and Demand Estimates (WASDE) report, which had been scheduled for release on Thursday.

WHEAT - Up 1 to 4 cents per bushel

  • CBOT wheat Wv1 futures traded modestly higher in early moves, supported by bargain-buying as the most-active contract Wv1 hovered a few cents above a five-year low set in August. Ample global grain supplies hang over the market, limiting rallies.

  • Russia, the world's biggest wheat exporter, is set to reduce its winter and spring wheat sown area by over 6% this year in favor of growing more oilseeds, the country's deputy agriculture minister said.

  • China kept import quotas for four key agriculture products unchanged in 2026 compared to this year, according to a release from the state planner. The 2026 import tariff quota for wheat was set at about 9.64 million metric tons.

  • CBOT December soft red winter wheat WZ25 was last up 4 cents at $5.11-1/4 per bushel. K.C. December hard red winter wheat KWZ25 was last up 3-1/4 cents at $4.96-1/2 a bushel and Minneapolis December wheat MWEZ25 last traded up 3-1/2 cents at $5.59 per bushel.

CORN - Down 1/2 to 1 cent per bushel

  • Corn futures were little changed in early moves as pressure from the expanding U.S. harvest offset doubts about the size of the crop.

  • Key USDA reports, including today's scheduled monthly supply/demand reports, remain suspended due to the ongoing government shutdown.

  • Analysts surveyed by Reuters on average had expected the USDA to trim its U.S. corn yield estimate but raise its forecast of 2025/26 corn ending stocks.

  • China’s Agriculture Ministry trimmed its forecast for 2025/26 corn imports in its October outlook to 6 million tons, down from 7 million tons in last month's report.

  • CBOT December corn CZ25 was last down 1/2 cent at $4.21-1/2 per bushel.

SOYBEANS - Down 4 to 6 cents per bushel

  • Soybean futures traded lower in early moves as favorable Midwest weather and the absence of Chinese demand for U.S. supplies outweighed doubts over harvest yields.

  • Analysts surveyed by Reuters on average had expected the USDA to trim its U.S. soybean yield estimate and leave its forecast of 2025/26 soybean ending stocks nearly unchanged.

  • China’s Agriculture Ministry left its forecast for 2025/26 soybean imports in its October outlook at 95.8 million metric tons, unchanged from last month's report.

  • CBOT November soybeans SX25 were last down 5-3/4 cents at $10.23-3/4 per bushel.

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