tradingkey.logo

CBOT Trends-Wheat down 7-8 cents, corn steady-down 2, soybeans steady-down 3

ReutersNov 12, 2025 2:19 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. Department of Agriculture is due to release its November crop supply and demand report on Friday.

WHEAT - Down 7 to 8 cents per bushel

  • Wheat futures lower after two days of gains on technical selling and position squaring ahead of Friday's USDA report.

  • The actively traded December SRW wheat contract WZ25 broke through technical chart support at its 100-day moving average during overnight trading.

  • December soft red winter wheat WZ25 was last down 7-3/4 cents at $5.28-1/4 per bushel. K.C. December hard red winter wheat KWZ25 was down 6-1/2 cents at $5.17-1/4 a bushel, and Minneapolis December wheat MWEZ25 was last down 2-3/4 cents at $5.66-3/4 per bushel.

CORN - Steady to down 2 cents per bushel

  • Corn weaker after two days of gains, with traders squaring positions ahead of Friday's USDA report. Solid export demand underpinning the market.

  • Analysts polled by Reuters, on average, expect the USDA to lower its U.S. corn harvest outlook but raise its U.S. and world ending stocks estimates in its report on Friday.

  • Thailand's cabinet agreed to increase U.S. corn imports and cut the tariff to zero as part of the country's ongoing trade negotiations with Washington.

  • CBOT December corn CZ25 was last down 1/2 cent at $4.31-1/2 per bushel.

SOYBEANS - Steady to down 3 cents per bushel

  • Soybeans lower, weighed down by a lack of large-scale purchases by China. Traders squaring positions ahead of Friday's USDA data.

  • Analysts polled by Reuters, on average, expect the USDA on Friday to lower its U.S. soybean harvest outlook and raise its world ending stocks estimate.

  • China is grappling with a glut of soybeans after months of record imports, curbing prospects for U.S. exports despite a recent trade truce that Washington said includes a pledge by Beijing to resume heavy purchases.

  • January soybeans SF26 were last down 1/2 cent at $11.26-3/4 per bushel.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI