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CBOT Trends-Wheat up 1-3 cents, corn up 1-2 cents, soybeans up 4-6 cents

ReutersJan 27, 2026 2:26 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 Tuesday:

WHEAT - Up 1 to 3 cents per bushel

  • CBOT wheat Wv1 turned higher in early moves, supported by a softening dollar .DXY that tends to make U.S. grains more competitive globally. The dollar has been under intense pressure this month from a range of factors including Washington's desire for a weaker currency and uncertainty over U.S. President Donald Trump's policymaking.

  • Rallies in wheat capped by plentiful global grain supplies.

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

  • CBOT March soft red winter wheat WH26 was last up 2-1/2 cents at $5.25 per bushel. K.C. March hard red winter wheat KWH26 was last up 2-1/2 cents at $5.32-1/4 per bushel, while Minneapolis March spring wheat MWEH26 was last down 1-1/4 cents at $5.68-1/2 per bushel.

CORN - Up 1 to 2 cents per bushel

  • CBOT corn futures Cv1 were firm ahead of the daily pause in trade, supported by a weakening dollar and brisk export demand for U.S. supplies.

  • The U.S. Department of Agriculture confirmed private sales of 306,000 metric tons of U.S. sorghum and 110,000 tons of U.S. corn, all for delivery to undisclosed destinations in the current 2025/26 marketing year.

  • A period of intense heat and dry weather is stressing livestock, soybeans and particularly corn crops in Argentina, threatening to reduce yields for the 2025/26 season.

  • CBOT March corn CH26 was last up 1-1/2 cents at $4.29-3/4 per bushel.

SOYBEANS - Up 4 to 6 cents per bushel

  • CBOT soybean futures Sv1 headed higher as dollar weakness lifted U.S. agricultural markets, while expectations of a massive Brazilian harvest kept a lid on rallies.

  • China is expected to boost imports of Brazilian soybeans in the first half of 2026 as record production and competitive prices propel shipments, reinforcing South America's dominance in the world's biggest oilseed importer.

  • Market players were monitoring potentially stressful hot and dry weather in crop areas of Argentina.

  • Chinese importers secured up to 10 Canadian canola cargoes following Prime Minister Mark Carney's visit to Beijing earlier this month, two trade sources told Reuters.

  • CBOT March soybeans SH26 were last up 5-3/4 cents at $10.67-1/2 per bushel.

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