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CBOT Trends-Wheat up 2-4 cents, corn up 1-3 cents, steady-up 1 cent

ReutersJan 15, 2026 2:01 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 to 4 cents per bushel

  • Grain futures continued to recover after falling early this week on bearish U.S. Department of Agriculture crop reports, analysts said.

  • Saudi Arabia's state grains buying agency said it issued an international tender to purchase around 595,000 metric tons of hard milling wheat.

  • A group of South Korean flour mills bought an estimated 50,000 metric tons of U.S. milling wheat in a tender, European traders said.

  • In the week that ended on January 8, 2025/26 U.S. wheat export sales were 156,300 metric tons, the USDA said. Analysts expected 100,000 to 450,000 metric tons.EXP/WHE

  • As of 7:45 a.m. CST (1345 GMT), CBOT March soft red winter wheat WH26 was up 3 cents at $5.15-1/2 per bushel. K.C. March hard red winter wheat KWH26 was up 3-1/2 cents at $5.25-3/4 per bushel, and Minneapolis March spring wheat MWEH26 was 3 cents higher at $5.70 per bushel.

CORN - Up 1 to 3 cents

  • CBOT corn Cv1 has edged up since dropping to an October 16 low on Tuesday.

  • Lower prices fueled demand, including from Asian importers, traders said.

  • The USDA reported 2025/26 U.S. corn export sales were 1.1 million metric tons last week, within estimates of 600,000 to 1.4 million metric tons.EXP/CORN

  • The International Grains Council raised its forecasts for 2025/26 global corn and wheat production.

  • CBOT March corn CH26 was last up 1-3/4 cents at $4.23-3/4 per bushel.

SOYBEANS - Steady to 1 cent higher

  • CBOT soybeans Sv1 rose for a second session after hitting an October 23 low on Tuesday.

  • The USDA said weekly 2025/26 U.S. export sales were 2.1 million metric tons, above estimates of 800,000 to 1.8 million metric tons.EXP/SOY

  • In Brazil, farmers were expected to harvest a record 2025/26 crop of 176.12 million metric tons, down from a December estimate but bigger than the previous crop, Conab said.

  • The National Oilseed Processors Association was expected to report U.S. soybean crushings in December rose to the second-highest level on record, a Reuters survey of analysts showed.

  • CBOT March soybeans SH26 were last up 1 cent at $10.43-1/2 per bushel.

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