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CBOT Trends-Corn down 1-3 cents, wheat down 1/2 to 1 cent, soy mixed

ReutersJan 26, 2026 2:29 PM

- The 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:

WHEAT - Down 1/2 to 1 cent per bushel

  • CBOT wheat Wv1 turned lower ahead of the daily pause in trade, retreating from a six-week high, pressured by declines in corn and plentiful global grain supplies.

  • The wheat market drew early support from a weaker U.S. dollar and worries about cold crop weather in the United States, Russia and Ukraine.

  • Traders were assessing the impact of a U.S. weekend storm that brought beneficial moisture to parts of the Plains and Midwest but may have left winter wheat vulnerable to cold weather damage where protective snow cover was lacking.

  • Commodity funds hold a sizable net short position in CBOT wheat futures, leaving the market prone to bouts of short-covering.

  • CBOT March soft red winter wheat WH26 was last down 1 cent at $5.28-1/2 per bushel. K.C. March hard red winter wheat KWH26 was last down 2-1/2 cents at $5.38-1/4 per bushel while Minneapolis March spring wheat MWEH26 was last up 1/4 cent at $5.75-1/4 per bushel.

CORN - Down 1 to 3 cents per bushel

  • CBOT corn turned lower on technical selling and ample world supplies of the grain. The most-active March contract CH26 climbed to $4.31-1/2 per bushel in early moves, its highest level since the USDA's bearish January 12 crop reports, before retreating.

  • Consultancy AgRural raised its forecast for Brazil's 2025/26 total corn output to 136.6 million metric tons, from its previous view of 136 million tons.

  • CBOT March corn CH26 was last down 2-1/2 cents at $4.28 per bushel.

SOYBEANS - Mixed, down 3/4 cent to up 1/4 cent per bushel

  • Benchmark CBOT March soybeans SH26 turned lower ahead of the daily break in trade as expectations of large South American harvests loomed over the market.

  • Agribusiness consultancy AgRural raised its estimate of Brazil's 2025/26 soybean crop to 181 million metric tons, up from a previous forecast of 180.4 million tons.

  • Farmers in Brazil had harvested 4.9% of their 2025/26 soybean crop as of last Thursday, AgRural said, up from 2% in the previous week and above the 3.9% seen a year earlier.

  • CBOT March soybeans SH26 were last down 3/4 cent at $10.67 per bushel.

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