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CBOT Trends-Wheat down 3-4 cents, corn down 1-2 cents, soy down 7-9 cents

ReutersOct 10, 2025 1:27 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 Friday.

NOTE: The U.S. government remains shut down, suspending many government reports.

WHEAT - Down 3 to 4 cents per bushel

  • CBOT wheat Wv1 futures were lower at the daily break in trade, pressured by ample global wheat supplies and a lack of supportive news. Deferred CBOT wheat contracts and all K.C. hard red winter wheat contracts 0#KW: hit life-of-contract lows.

  • A setback in the dollar .DXY lent light underlying support, in theory making U.S. grains more competitive on the global market.

  • Grain consultancy Sovecon raised its forecast for Russia's wheat crop in 2025 to 87.8 million metric tons, up from a previous forecast of 87.2 million, reflecting record yields in Siberia.

  • Farmers in France planted 5% of the planned soft wheat area for next year's harvest by October 6, as well as 10% of the expected winter barley area, farm office FranceAgriMer said.

  • CBOT December soft red winter wheat WZ25 was last down 3-1/2 cents at $5.03 per bushel. K.C. December hard red winter wheat KWZ25 was last down 3-3/4 cents at $4.86 a bushel and Minneapolis December wheat MWEZ25 last traded down 3 cents at $5.54 per bushel.

CORN - Down 1 to 2 cents per bushel

  • Benchmark December corn futures CZ25 hit a one-week low, pressured by the ongoing U.S. harvest of what is projected to be a record large crop and spillover weakness from soybean futures.

  • In France, farmers had harvested 37% of the country's grain maize crop by October 6, up from 24% a week earlier, farm office FranceAgriMer said.

  • CBOT December corn CZ25 was last down 1-3/4 cents at $4.16-1/2 per bushel.

SOYBEANS - Down 7 to 9 cents per bushel

  • Soybean futures sagged to their lowest in more than a week as trade restrictions announced by China cooled hopes of a resolution to a standoff with Washington that has halted U.S. soy shipments to the world's top buyer. Meanwhile, forecasts called for favorable harvest weather in the U.S. Midwest.

  • China's expansion of export controls on rare earth metals on Thursday, followed on Friday by Beijing's announcement of retaliatory port fees on vessels owned or operated by U.S. interests, dampened expectations of progress to settle the countries' trade dispute. GRA/

  • CBOT November soybeans SX25 were last down 9 cents at $10.13-1/4 per bushel.

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