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CBOT Trends-Wheat and soybeans up 4-6 cents, corn up 1-2 cents

ReutersNov 20, 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 Thursday.

NOTE: Friday is the last trading day for CBOT December grain and soy options.

WHEAT - Up 4 to 6 cents per bushel

  • Wheat futures head higher on technical buying and signs of fresh global export business.

  • The U.S. Department of Agriculture confirmed private sales of 132,000 metric tons of U.S. white wheat to China for delivery in the 2025/26 marketing year that began June 1.

  • Separately, the USDA reported export sales of U.S. wheat for the week ended October 2 at 887,900 metric tons, topping a range of trade expectations for 350,000 to 600,000 tons.

  • Saudi Arabia's state grains buying agency said it has issued an international tender to purchase around 300,000 metric tons of hard milling wheat.

  • The International Grains Council raised its 2025/26 world wheat production estimate to 830 million metric tons, up 3 million from its previous forecast.

  • December soft red winter wheat WZ25 was last up 6 cents at $5.42-3/4 per bushel. K.C. December hard red winter wheat KWZ25 was last up 4 cents at $5.19-1/2 a bushel and Minneapolis December wheat MWEZ25 was last up 3/4 cent at $5.82 a bushel.

CORN - Up 1 to 2 cents per bushel

  • Corn futures firm along with early strength in wheat and soybeans. Bargain buying adds support after the benchmark December corn contract CZ25 fell by 1.6% on Wednesday.

  • Several South Korean feed makers purchased corn overnight. GRA/TEND

  • The USDA reported export sales of U.S. corn for the week ended October 2 at 2,259,700 metric tons, toward the high end of a range of trade expectations for 1,400,000 to 2,500,000 tons.

  • The International Grains Council raised its 2025/26 world corn crop estimate by 1 million tons, to 1.298 billion tons.

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

SOYBEANS - Up 4 to 6 cents per bushel

  • Soybean futures head higher in a bounce after a two-session slide and as brokers monitor fresh purchases of U.S. soy by Chinese buyers under a trade truce between Beijing and Washington.

  • The USDA confirmed private sales of 462,000 metric tons of U.S. soybeans to China, marking the third soybean "flash" sales announcement this week.

  • The USDA separately reported export sales of U.S. soybeans for the week ended October 2 at 919,400 metric tons, in line with a range of trade expectations for 600,000 to 1,600,000 tons.

  • CBOT January soybeans SF26 were last up 5-1/2 cents at $11.41-3/4 per bushel.

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