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CBOT Trends-Soybeans up 1-4 cents, corn and wheat mixed

ReutersDec 4, 2025 2:20 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.

WHEAT - Up 2 cents to down 3 cents per bushel

  • Wheat mixed, with prices capped by plentiful global grain supplies and receding fears of a military escalation in the Black Sea grain export region.

  • The U.S. Department of Agriculture said net U.S. wheat export sales in the week ended October 30 totaled 505,400 metric tons for shipment in the 2025/26 marketing year, in line with analyst estimates for 250,000 to 650,000 tons.

  • Statistics Canada said the country's all wheat production in 2025 jumped 11.2% to 39.955 million metric tons, above the average trade estimate for 38.49 million tons.

  • Algeria’s state grains agency OAIC bought about 810,000 to 900,000 metric tons of milling wheat in an international tender that closed on Wednesday, traders said.

  • CBOT March soft red winter wheat WH26 last traded down 2-1/2 cents at $5.35-3/4 per bushel. K.C. March hard red winter wheat KWH26 last traded down 3-1/4 cents at $5.26-1/4 a bushel. Minneapolis March spring wheat MWEH26 last traded down 1/4 cent at $5.76 a bushel.

CORN - Up 2 cents to down 2 cents per bushel

  • Corn mixed, with nearby contracts higher in a rebound from losses in the prior session and spillover support from higher soybeans. Strong export sales also supportive.

  • The USDA said net U.S. corn export sales in the week ended October 30 totaled 1,995,000 metric tons for shipment in the 2025/26 marketing year, in line with analyst estimates for 800,000 to 2.5 million tons.

  • In addition, the USDA on Thursday confirmed private sales of 392,500 tons of U.S. corn to Mexico and 100,800 tons to Colombia.

  • Brazil's ANEC projected the country's corn exports in December at 4.99 million metric tons, up from 3.62 million tons in December 2024.

  • CBOT March corn CH26 last traded 1 cent higher at $4.44-1/2 a bushel.

SOYBEANS - Up 1 to 4 cents per bushel

  • Soybean futures firm on rising export sales to China. Gains capped by improving South American crop weather and continued export competition from Brazil.

  • The USDA said net U.S. soybean export sales in the week ended October 30 totaled 1,248,500 metric tons for shipment in the 2025/26 marketing year, in line with analyst estimates for 600,000 to 2 million tons. The sales included 232,000 tons sold to China, the country's first purchases of the 2025 crop.

  • U.S. Treasury Secretary Scott Bessent said China was poised to complete its commitments under a U.S.-China trade agreement, including the purchase of 12 million metric tons of soybeans, which the Treasury chief said would be finished by the end of February 2026.

  • Statistics Canada said the country's canola production in 2025 jumped 13.3% to 21.804 million metric tons, above the average trade estimate for 21.25 million tons.

  • Brazil's ANEC projected the country's soybean exports in December at 2.81 million metric tons, up from 1.47 million tons in December 2024.

  • CBOT January soybeans SF26 last traded up 4 cents at $11.19-3/4 a bushel.

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