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CBOT Trends-Wheat and corn flat to up 1 cent, soy up 2-3 cents

ReutersOct 22, 2025 1:14 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 Wednesday.

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

WHEAT - Flat to up 1 cent per bushel

  • CBOT wheat Wv1 futures ticked higher, though ample global supply continued to hang over the market.

  • Russia's IKAR consultancy has raised its 2025 wheat and grain production forecasts for the country, reinforcing concerns over abundant global supply.

  • CBOT December soft red winter wheat WZ25 was last up 1-1/4 cent to $5.01-1/2 per bushel. K.C. December hard red winter wheat KWZ25 was last up 1-1/4 cents to $4.86-1/4 a bushel and Minneapolis December wheat MWEZ25 last traded up 2 cents to $5.46-3/4 per bushel.

CORN - Flat to up 1 cent per bushel

  • Corn futures ticked higher as markets awaited further details on the U.S. corn harvest.

  • Firm domestic cash markets lent underlying support to corn futures as farmers work to hold their grain off the market.

  • A large supply of corn has also pressured prices.

  • CBOT December corn CZ25 was last up 1-1/4 cents to $4.21 per bushel.

SOYBEANS - Up 2 to 3 cents per bushel

  • Soybean futures Sv1 bounced back as markets remained hopeful for progress in trade talks with top soy buyer China and a Japanese proposal to increase U.S. soy purchases, deals that could help U.S. farmers avert major losses.

  • Markets are focused on a key meeting between U.S. President Donald Trump and Chinese President Xi Jinping in South Korea next week. Trump has said he wants a "fair deal" and has repeatedly called for China to resume purchases of U.S. soybeans.

  • Currently, there are no new sales of United States' soybeans to China and nothing is expected to be loaded in coming weeks, trade groups said.

  • CBOT November soybeans SX25 were last up 3-1/2 cents to $10.34-1/4 per bushel.

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