CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

CBOT Trends-Wheat up 3-4 cents, corn down 2-3, soybeans down 1-5

By Reuters News

CHICAGO, Nov 11 (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 - Up 3 to 4 cents per bushel

  • Chicago wheat futures rose on Wednesday, with a drone attack on the Baltic Sea port of Ust-Luga adding to concerns about major Russian exporters facing disruption GRA/

  • Ust-Luga is among several Baltic Sea ports heavily used for Russian grain exports following the virtual stop to Black Sea shipments in August

  • Russian, Ukrainian and US officials began a second day of peace talks in Abu Dhabi on Wednesday, resuming meetings which Kyiv and Washington had depicted on Monday as constructive but which produced no early signs of a breakthrough

  • Jordan's state grain buyer has issued an international tender to buy up to 120,000 metric tons of milling wheat which can be sourced from optional origins, European traders said on Wednesday

  • CBOT December soft red winter wheat was last up 3-1/2 cents at $5.96-1/4 per bushel; KC December hard red winter wheat was last 1-1/4 cents higher at $6.35-1/2 a bushel and Minneapolis December spring wheat was last 1/4 cents higher at $6.31-1/4 per bushel

CORN - Down 2 to 3 cents per bushel

  • CBOT corn prices eased alongside crude oil prices after rallying the previous day

  • US farmers will harvest fewer bushels of corn than previously expected, the US Department of Agriculture said on Tuesday, lowering its crop estimate in a monthly report after raising its forecast in October, sending futures soaring

  • The agency also pared its forecast for remaining US corn stockpiles at the end of the current marketing year more than analysts expected

  • Taiwan's MFIG purchasing group bought an estimated 65,000 metric tons of animal feed corn expected to be sourced from Brazil in an international tender on Wednesday, European traders said

  • Hopes for a de-escalation in the US-Iran war have helped push down crude oil and palm oil prices , , pressuring commodities like corn used as a feedstock for biofuel

  • December corn was last 2-1/2 cents lower at $4.46-1/2 per bushel

SOYBEANS - Down 1 to 5 cents per bushel

  • CBOT soybeans fell back as oil prices dipped after surging the previous day on USDA supply and demand data

  • USDA pegged soybean production at 4.574 billion bushels, with an average yield of 53.3 bushels per acre, a record high. In October, the agency projected output of 4.562 billion bushels and an average yield of 53.1 bushels per acre

  • Despite the bumper harvest, the USDA lowered its forecast of US 2026/27 soybean ending stocks to 300 million bushels, from 315 million in October, citing a strong early-season export pace. Analysts on average had expected USDA to raise its soy stocks forecast to 331 million bushels

  • Hopes for a de-escalation in the US-Iran war have helped push down crude oil and palm oil prices , , pressuring soybeans used as a feedstock for biofuel

  • CBOT January soybeans were last 1-3/4 cents lower at $12.26-1/4 per bushel

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.