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CBOT Trends-Wheat up 6-8 cents, corn up 1-2 cents, soy up 4-6 cents

ReutersJan 12, 2026 2:18 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.

NOTE: The U.S. Department of Agriculture was slated to issue highly anticipated U.S. crop reports at 11 a.m. CST (1700 GMT).

WHEAT - Up 6 to 8 cents per bushel

  • CBOT wheat Wv1 rose as grain traders adjusted positions before the USDA's crop reports.

  • The agency was expected to estimate U.S. farmers planted 32.413 million acres of winter wheat for harvest in 2026, down from 33.153 million acres for harvest in 2025, a Reuters poll showed.

  • CBOT March soft red winter wheat WH26 was last up 7-1/4 cents at $5.24-1/2 per bushel. K.C. March hard red winter wheat KWH26 was last up 8-3/4 cents at $5.39 a bushel, and Minneapolis March spring wheat MWEH26 was last up 4-1/4 cents to $5.71-3/4 per bushel.

CORN - Up 1 to 2 cents

  • Analysts expected lower estimates for last year's U.S. corn and soybean harvests, although global supplies were expected to remain plentiful.

  • The average analyst estimate for quarterly December 1 U.S. corn stocks was 12.962 billion bushels, up 7.3% from a year ago and potentially the largest December 1 corn stocks figure in USDA records dating to 1926.

  • In a daily reporting system, the USDA reported that exporters sold 204,000 metric tons of U.S. corn to South Korea and 310,000 metric tons of U.S. corn to unknown buyers.

  • Analyst APK-Inform raised its forecast for Ukraine's 2025 grain harvest due to higher-than-expected corn output.

  • CBOT March corn CH26 was last up 1-1/4 cents at $4.47 per bushel.

SOYBEANS - Up 4 to 6 cents

  • The USDA may trim is estimate for U.S. soybean export demand in the current crop year, especially given lower sales to China, analysts said.

  • China's agriculture ministry raised its forecast for soybean and corn production, while keeping import estimates for both unchanged for the 2025/26 crop year.

  • China's Sinograin bought at least 600,000 metric tons of U.S. soybeans on Friday, three traders said.

  • Farmers in Brazil, the world's biggest soy exporter, harvested 0.6% of their 2025/26 crop as of last Thursday, AgRural said on Monday.

  • CBOT March soybeans SH26 were last up 5-1/4 cents at$10.67-3/4 per bushel.

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