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CBOT Trends-Wheat steady-up 1 cent, corn steady-down 1, soy down 6-9

By Reuters News

CHICAGO, Nov 4 (Reuters) - The following are 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 Wednesday.


WHEAT - Steady to up 1 cent per bushel

  • CBOT wheat was little changed after touching a four-month low, supported by a fall in the dollar after a sweeping victory for Democrats in the US midterm elections FRX/

  • Diplomatic efforts to end the Ukraine and Iran wars also weighed on grain markets, raising expectations that disruption to Black Sea and Gulf commodity flows could ease

  • CBOT December soft red winter wheat was last 1-1/4 cents higher at $6.01 per bushel; KC December hard red winter wheat was last 1-1/2 cents higher at $6.37-3/4 per bushel, and Minneapolis December spring wheat was last 1/2 cent higher at $6.20 per bushel.

CORN - Steady to down 1 cent per bushel

  • CBOT corn eased under pressure from expectations for large US crops and uncertainty over export demand

  • The US Department of Agriculture said on Monday the US corn harvest was 74% complete

  • Adding to favorable supply prospects, commodity brokerage StoneX on Tuesday raised its estimates for this year's US corn and soybean crops

  • CBOT December corn was last unchanged at $4.42-1/2 per bushel

SOYBEANS - Down 6 to 9 cents per bushel

  • CBOT soybeans turned lower on supply and harvest pressure

  • US exporters sold 167,000 metric tons of soybeans to Spain for 2026/2027 delivery, the USDA reported

  • The US Department of Agriculture said on Monday the US soybean harvest was 88% complete

  • On the demand side, traders have been disappointed with Chinese demand, despite a run of soybean export sales

  • Chinese buying of US farm goods other than soybeans is on track for a seven-year low this year despite an agreement to purchase billions of dollars in imports, a Reuters analysis of customs data showed

  • In Brazil, meanwhile, a lower currency could reinforce export competition for US soybeans

  • CBOT January soybeans were last 6-3/4 cents lower at $12.07-1/4 per bushel

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