CBOT Trends-Wheat up 5-7 cents, corn steady-down 1, soybeans steady-up 2
CHICAGO, Feb 19 (Reuters) - 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 Thursday:
WHEAT - Up 5 to 7 cents per bushel
CBOT wheat rose for a second session but large global supplies capped gains.
The U.S. Department of Agriculture on Thursday estimated 2026 wheat plantings at 45.0 million acres, above an average estimate of 44.8 million but down from 45.3 million in the previous season.
The Lunar New Year break in parts of Asia, along with the Muslim holy month of Ramadan that starts this week, could lead to a general slowdown in demand from some major importers of grains and oilseeds. GRA/
March soft red winter wheat WH26 was last up 6-1/2 cents at $5.53-1/2 per bushel. K.C. March hard red winter wheat KWH26 was last up 5-1/4 cents at $5.56-1/4 per bushel and Minneapolis March spring wheat MWEH26 rose 2-3/4 cents at $5.76-3/4 per bushel.
CORN - Steady to down 1 cent per bushel
CBOT corn futures Cv1 ticked up after settling lower on Tuesday.
U.S. farmers, though punished by slumping prices after last year's huge corn harvest, are expected to reduce their plantings of the grain in 2026 as they brace for a fourth straight year of narrow profit margins or even losses.
The USDA forecast corn plantings at 94.0 million acres, well below the 94.9 million acres expected by analysts and the 98.8 million harvested this year.
CBOT March corn CH26 was last down 1/2 cent at $4.26-1/2 per bushel.
SOYBEANS - Steady to up 2 cents per bushel
Chicago soybeans rose for a third consecutive day on Thursday as projections of Chinese buying supported the market but prices were capped by forecasts of high plantings this year.
The USDA estimated 2026/27 soybean seedings at 85 million acres, from 81.2 million acres last year.
Analysts polled by Reuters on average estimated US 2026-27 soybean plantings at 84.9 million acres.
CBOT March soybeans SH26 were up 1-1/4 cents at $11.34-3/4 per bushel.
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