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CBOT Trends-Wheat up 3-4 cents, corn up 4-5, soybeans up 12-14

ReutersMar 9, 2026 1:10 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 - Up 3 to 4 cents per bushel

  • Wheat ticked higher on war premium amid the ongoing U.S.-Israeli war with Iran.

  • Ukraine's spring sowing campaign will start with a two-week delay due to frozen soil and remaining snow, the Ukrainian economy ministry said on Monday.

  • CBOT May soft red winter wheat WK26 was last up 5 cents to $6.21-3/4 per bushel. K.C. May hard red winter wheat KWK26 was last up 5-3/4 cents to $6.29-1/4 per bushel, while Minneapolis May spring wheat MWEK26 was up 9 cents at $6.52 per bushel.

CORN - Up 4 to 5 cents per bushel

  • Corn rose under support from surging crude oil prices and fear about the impact of prolonged Middle East tensions.

  • Grain markets can track movements in crude oil, partly due to investment flows from commodity funds and to the use of crops such as soybeans and corn in biofuel production.

  • CBOT May corn CK26 was last up 4-1/4 cents to $4.64-3/4 per bushel.

SOYBEANS - Up 12 to 14 cents per bushel

  • Chicago soybeans rose on Monday to their highest level since May 2024, buoyed by further gains in crude oil prices.

  • Oil prices surged about 20% on Monday, hitting their highest since July 2022, as the expanding U.S.-Israeli war with Iran pushed major Middle Eastern oil producers to cut supplies, and on fears of prolonged shipping disruptions through the Strait of Hormuz. O/R

  • Soyoil futures followed crude oil higher, also buoying the rest of the soy complex.

  • Brazilian farmers had harvested 51% of their 2025/26 soybean crop as of last Thursday, agribusiness consultancy AgRural said on Monday, up 12 percentage points from the previous week but below the 61% reported a year earlier.

  • CBOT May soybeans SK26 were last up 15 cents to $12.15-3/4 per bushel.

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