CBOT Trends-Wheat up 3-8 cents, corn up 1-3, soybeans up 3-5

ReutersApr 9, 2026 1:25 PM

CHICAGO, April 9 (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. CDT (1330 GMT) on Thursday:

NOTE: The U.S. Department of Agriculture is due to release its monthly supply and demand report at 11:00 a.m. CDT.

WHEAT - Up 3 to 8 cents per bushel

Wheat higher as crude oil rebounded on doubts over whether a U.S.-Iran ceasefire will alleviate energy supply disruptions. Gains capped by forecasts for crop-boosting rains in parts of the Plains wheat belt.
Benchmark CBOT May wheat WK26 held technical chart support at its 50-day moving average during overnight trading after sinking to its lowest level since March 5 in the previous session.
The USDA said net old-crop U.S. wheat export sales totaled 163,600 metric tons in the week ended April 2, slightly above trade estimates. New-crop sales of 90,700 tons were below expectations.
CBOT May soft red winter wheat WK26 was last up 8 cents at $5.88-1/4 per bushel. K.C. May hard red winter wheat KWK26 was last up 9-3/4 cents at $6.05 per bushel, and Minneapolis May spring wheat MWEK26 was 8 cents higher at $6.32 per bushel.

CORN - Up 1 to 3 cents

Corn futures higher on gains in crude oil prices. Traders squaring positions ahead of the USDA's monthly crop report.
Analysts polled by Reuters, on average, expect the USDA report to show slightly larger global corn ending stocks than the USDA's March forecast and slightly bigger harvests in Brazil and Argentina.
The USDA reported net old-crop U.S. corn export sales at 1,361,300 metric tons in the week ended April 2, in line with trade estimates.
CBOT May corn CK26 was last up 2-3/4 cents at $4.50 per bushel.

SOYBEANS - up 3 to 5 cents

Soybeans firm along with other grains as crude oil rebounded and lifted soyoil prices.
Traders are squaring positions ahead of Thursday's USDA report. Analysts polled by Reuters, on average, expect the report to show slightly larger U.S. soybean ending stocks and a smaller harvest in Brazil.
The USDA said net U.S. soybean export sales fell to 295,400 metric tons in the week ended April 2, near the low end of a range of trade estimates.
CBOT May soybeans SK26 were last up 5 cents at $11.67 per bushel.

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