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CBOT Trends-Wheat down 2-3 cents, corn down 1-2, soybeans up 1-2

ReutersOct 21, 2025 1:20 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 Tuesday.

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

WHEAT - Down 2 to 3 cents per bushel

  • CBOT wheat Wv1 futures eased as increased production estimates for major exporting countries maintained supply pressure.

  • Consultancy IKAR said on Tuesday it had further raised its estimate for Russia's wheat crop.

  • Analysts have raised their estimates for Australia's wheat harvest, a Reuters poll showed, as better-than-expected yields in western cropping regions boosted the production outlook despite losses caused by dry conditions in parts of the south.

  • CBOT December soft red winter wheat WZ25 was last down 2-3/4 cents at $5.02 per bushel. K.C. December hard red winter wheat KWZ25 was last down 2-1/2 cents at $4.87-1/2 a bushel and Minneapolis December wheat MWEZ25 last traded down 1/2 cent at $5.48 per bushel.

CORN - Down 1 to 2 cents per bushel

  • Corn futures ticked down as traders continued to assess U.S. harvest results in absence of official data due to a government shutdown.

  • Traders said the corn market also faced some pressure from tensions between the U.S. and Colombia, a major buyer of U.S. corn.

  • Colombia said on Monday it has recalled its ambassador from Washington after U.S. President Donald Trump said he would raise tariffs on the South American nation and stop all payments to it, intensifying a feud stemming from U.S. military strikes on vessels allegedly transporting drugs.

  • CBOT December corn CZ25 was last down 1-1/4 cents at $4.22 per bushel.

SOYBEANS - Up 1 to 2 cents per bushel

  • Soybean futures Sv1 ticked up as U.S.-China trade talks lifted hopes for renewed soybean purchases by the world's top buyer.

  • China imported no soybeans from the U.S. in September, the first time since November 2018 that shipments fell to zero, with Chinese buyers turning to South American supplies during the U.S. trade war.

  • Analysts surveyed by Reuters on average estimated that the U.S. soybean crop was 73% harvested by Sunday and the corn harvest was 59% complete, though a U.S. government shutdown continued to deprive the market of official harvest data.

  • CBOT November soybeans SX25 were last up 1-3/4 cents at $10.33-1/2 per bushel.

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