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CBOT Trends-Wheat down 7-9 cents, corn down 3-5 cents, soy down 1-3 cents

ReutersMar 4, 2026 2:11 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 Wednesday:

WHEAT - Down 7 to 9 cents per bushel

  • CBOT grains eased with energy prices as commodity markets took on a calmer tone following concerns about the Middle East conflict.

  • Beneficial U.S. rains capped wheat prices, analysts said.

  • Showers will improve moisture for wheat in the Midwest and Mississippi Delta region over the next 10 days, Commodity Weather Group said.

  • CBOT May soft red winter wheat WK26 was last down 7-1/4 cents at $5.66-3/4 per bushel. K.C. May hard red winter wheat KWK26 was last down 7-3/4 cents at $5.70-1/2 per bushel, and Minneapolis May spring wheat MWEK26 was down 4-1/4 cents at $6.09 per bushel.

CORN - Down 3 to 5 cents

  • Corn futures dipped as the crude oil rally triggered by U.S.-Israeli strikes on Iran lost momentum.

  • U.S. corn export sales remained solid, with U.S. prices the cheapest among major exporters.

  • Exporters sold 125,000 metric tons of U.S. corn to unknown buyers, the U.S. Department of Agriculture said through a daily reporting system.

  • CBOT May corn CK26 was last down 3-3/4 cents at $4.42-3/4 per bushel.

SOYBEANS - Down 1 to 3 cents

  • Traders kept their focus on the Middle East after a report that Iranian operatives sought talks with the U.S. to end the war.

  • Exporters remained hopeful that China would return to the U.S. soybean market ahead of a planned meeting between U.S. President Donald Trump and Chinese President Xi Jinping at the end of the month. Top trade negotiators were expected to meet in mid-March.

  • U.S. Treasury Secretary Scott Bessent said an increase in President Donald Trump's new temporary global import tariff to 15% from 10% was likely to be implemented sometime this week.

  • CBOT May soybeans SK26 were last down 2-1/4 cents at $11.68-1/4 per bushel.

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