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CBOT Trends-Wheat down 3-4 cents, corn and soybeans down 1-2 cents

ReutersJan 20, 2026 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 Tuesday:

WHEAT - Down 3 to 4 cents per bushel

  • CBOT wheat futures fell in early moves as tensions between Washington and Europe over Greenland unsettled investors and ample global supply hung over grain markets. A weaker dollar, however, lent underlying support, in theory making U.S. grains more competitive globally.

  • The benchmark CBOT March wheat contract WH26 stayed inside of Friday's trading range in early moves.

  • Traders were assessing sizable wheat purchases by Saudi Arabia and Algeria, although prices suggested stiff export competition.

  • CBOT March soft red winter wheat WH26 was last down 3-3/4 cents at $5.14-1/4 per bushel. K.C. March hard red winter wheat KWH26 was last down 1-1/2 cents at $5.25-3/4 per bushel while Minneapolis March spring wheat MWEH26 was last unchanged at $5.65 per bushel.

CORN - Down 1 to 2 cents per bushel

  • CBOT corn declined in early moves as traders monitored a geopolitical stand-off over Greenland. A weaker dollar underpinned the market and the CBOT March corn contract CH26 stayed inside of Friday's trading range in early moves.

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

SOYBEANS - Down 1 to 2 cents per bushel

  • CBOT soybeans were lower at the daily pause in trade on spillover weakness from wheat and corn along with expectations of slowing demand for U.S. soybeans as the harvest of a massive Brazilian crop gets under way.

  • China has bought about 12 million metric tons of U.S. soybeans, fulfilling a U.S.-stated pledge to purchase that volume by the end of February, three traders told Reuters, after a late-October trade truce spurred buying.

  • The U.S. Department of Agriculture confirmed private sales of 190,000 metric tons of U.S. soymeal to the Philippines for delivery in the 2025/26 marketing year that began on October 1, 2025.

  • Brazilian farmers had harvested 2% of their 2025/26 soybean crop as of last Thursday, agribusiness consultancy AgRural said on Monday, exceeding the 1.7% reported a year earlier.

  • CBOT March soybeans SH26 were last down 1-1/2 cents at $10.56-1/4 per bushel.

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