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CBOT Trends-Wheat down 3-4 cents, corn steady-up 1, soy up 13-16

ReutersOct 30, 2025 1:16 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.

WHEAT - Down 3 to 4 cents per bushel

  • CBOT wheat turned lower as attention shifted back onto ample global supply.

  • Roughly one-third of the wheat in the U.S. Plains is still too dry, an analyst note said.

  • CBOT December soft red winter wheat WZ25 was last down 4 cents to $5.28-1/4 per bushel. K.C. December hard red winter wheat KWZ25 was down 5-3/4 cents to $5.17 a bushel. Minneapolis December wheat MWEZ25 last traded down 4 cents to $5.56-1/2 per bushel.

CORN - Steady to up 1 cent per bushel

  • Corn futures fell on spillover weakness from soy futures.

  • Farmer selling and profit-taking has also weighed on corn futures.

  • The U.S. harvest is close to finished, though the progress and condition of the crop is unclear with a lack of U.S. Department of Agriculture data.

  • CBOT December corn CZ25 was last up 1/2 cent to $4.34-1/2 per bushel.

SOYBEANS - Up 13 to 16 cents per bushel

  • Soybean futures fell on Thursday as a pledge by the United States and China to boost agricultural trade disappointed traders looking for details on potential purchases.

  • After Thursday's highly anticipated meeting between U.S. President Donald Trump and Chinese counterpart Xi Jinping, China pledged to expand farm trade with the United States and Trump said Beijing would buy "tremendous" volumes of soybeans, but neither side gave specifics.

  • U.S. Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tons of American soybeans during the current season through January and has committed to buying 25 million tons annually for the next three years as part of a larger trade agreement with Beijing.

  • CBOT November soybeans SX25 were last up 15-1/2 cents to $10.95-3/4 per bushel.

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