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CBOT wheat futures rise with soybeans after US-China trade truce

ReutersOct 31, 2025 7:20 PM

- Chicago Board of Trade wheat futures finished higher alongside soybeans on Friday, a day after U.S. officials announced a trade deal with China.

  • U.S. Treasury Secretary Scott Bessent said China agreed to buy 12 million metric tons of U.S. soybeans through January and 25 million tons annually for the next three years.

  • Washington and Beijing did not mention specific trade commitments for wheat and corn as part of the deal.

  • There was unconfirmed chatter in the market about China potentially pricing U.S. wheat, brokers said.

  • CBOT December soft red winter wheat WZ25 finished up 9-3/4 cents at $5.34 per bushel. The most-active contract Wv1 rose 4.2% for the week.

  • K.C. December hard red winter wheat KWZ25 jumped 11-1/2 cents to end at $5.24-1/2 a bushel, and Minneapolis December spring wheat MWEZ25 was last up 2-1/2 cents at $5.53 a bushel.

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