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REFILE-CBOT Trends-Wheat down 2-4 cents, soybeans up 2-4 cents, corn steady

ReutersNov 5, 2025 2:26 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. CST (1430 GMT) on Wednesday.

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

WHEAT - Down 2 to 4 cents

  • Wheat futures Wv1 eased after rising on Tuesday to a three-month peak as rumors of Chinese interest in U.S. supplies encouraged investors to cover short positions.

  • The market consolidated overnight and was waiting for confirmation of potential Chinese buying, analysts said.

  • CBOT December soft red winter wheat WZ25 was last down 2-1/4 cents at $5.48 per bushel. K.C. December hard red winter wheat KWZ25 was down 3 cents at $5.33-1/2 a bushel, and Minneapolis December wheat MWEZ25 last traded down 1/2 cent at $5.56-3/4 per bushel.

CORN - Steady

  • CBOT corn was nearly unchanged in overnight trading.

  • S&P Global Commodity Insights on Tuesday left its estimate of the average U.S. 2025 corn yield unchanged but raised its estimates of harvested area and production.

  • StoneX on Monday raised its production and yield estimates.

  • CBOT December corn CZ25 was last down 1/4 cent at $4.31-1/4 per bushel.

SOYBEANS - Up 2 to 4 cents

  • Soybean futures Sv1 rebounded from a setback on Tuesday.

  • China said it will suspend retaliatory tariffs on U.S. imports, including duties on farm goods, after last week's meeting of the two countries' leaders. Imports of U.S. soybeans still face a 13% tariff.

  • The tariff on U.S. soybeans keeps shipments too expensive for commercial Chinese buyers, compared to Brazilian alternatives, traders said.

  • Hopes of renewed Chinese demand underpinned the U.S. agricultural markets in recent sessions. However, traders were waiting for confirmation of large Chinese purchases.

  • CBOT January soybeans SF26 were last up 3-1/4 cents at$11.24-3/4 per bushel.

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