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CBOT Trends-Wheat up 4-6 cents, corn steady-up 1, soy up 8-13 cents

ReutersNov 17, 2025 2:29 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 Monday.

WHEAT - Up 4 to 6 cents per bushel

  • Wheat futures firmed in early moves, supported by early strength in soybeans and a technical bounce after Friday's 1.6% slide. Ample world grain supplies seen keeping a lid on rallies.

  • Russian wheat export prices went down last week amid rising global supply forecasts, and analysts still maintain high shipment forecasts for November.

  • December soft red winter wheat WZ25 was last up 4-3/4 cents at $5.32 per bushel. K.C. December hard red winter wheat KWZ25 was last up 4 cents at $5.19-1/4 a bushel, and Minneapolis December wheat MWEZ25 was last up 4-3/4 cents at $5.69-1/2 a bushel.

CORN - Steady to up 1 cent per bushel

  • Corn futures firmed on strength in soybeans and bargain-buying after the lead December contract CZ25 fell 2.5% on Friday. Traders continue to digest the USDA's modest reduction of its U.S. corn yield estimate in Friday's supply/demand reports.

  • The USDA on Friday trimmed its corn yield estimate to 186.0 bushels per acre, down from 186.7 in September, while analysts surveyed by Reuters on average had expected a bigger cut, pegging the yield at 184.0 bushels per acre.

  • CBOT December corn CZ25 was last up 3/4 cent at $4.31 per bushel.

SOYBEANS - Up 8 to 13 cents per bushel

  • Soybean futures headed higher in early moves after U.S. President Donald Trump predicted more Chinese buying of U.S. soy following the trade war truce between the two countries.

  • Trump said on Friday that China would buy U.S. soybeans and other farm products and that Washington and Beijing had held talks on the subject.

  • The USDA on Friday trimmed its U.S. soybean yield estimate to 53.0 bushels per acre, down from 53.5 previously, while analysts on average put the yield at 53.1.

  • Ahead of monthly U.S. crushing data due later on Monday from the National Oilseed Processors Association, analysts surveyed by Reuters on average expected the trade group to report that its members crushed 209.522 million bushels of soybeans in October, up 5.9% from September and up 4.8% from a year earlier.

  • Brazil's soybean planting reached 71% of the expected area as of last Thursday, lagging the 80% seen a year ago, consultancy AgRural said.

  • January soybeans SF26 were last up 13-1/4 cents at $11.37-3/4 per bushel.

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