CBOT Trends-Wheat down 8-11 cents, corn and soybeans steady-up 1

By Reuters News

- 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 Friday.


WHEAT - Down 8 to 11 cents per bushel

  • CBOT wheat slid on Friday on prospects of a resumption of Black Sea grain exports

  • Russia and Ukraine confirmed participation in three-way peace talks with the US in Abu Dhabi on November 10 and 11, raising the prospect of renewed access to Black Sea shipping lanes

  • Growing volumes of Russian wheat are being exported via Baltic ports, while Ukrainian exports are also increasing, especially via Romania and the Danube

  • CBOT December soft red winter wheat was last 10-3/4 cents lower at $5.88-1/2 per bushel; KC December hard red winter wheat was last 11-1/4 cents lower at $6.24-1/2 a bushel and Minneapolis December spring wheat was last 6 cents lower at $6.14 per bushel

CORN - Steady to up 1 cent per bushel

  • CBOT corn was nearly unchanged, torn between gains in oil prices supporting agricultural goods and expectations of ample global supplies

  • Analysts expect the USDA to peg corn production at 15.962 billion bushels, down from its October estimate of 16.034 billion, according to a Reuters poll. The harvest would be the second largest in history, after last year's record crop

  • US exporters sold 101,000 metric tons of corn to unknown destinations for 2026/2027 delivery, the USDA reported on Friday morning

  • CBOT December corn was last 1/4 cent higher at $4.40-1/4 per bushel

SOYBEANS - Steady to up 1 cent per bushel

  • CBOT soybeans were set for their biggest weekly drop since late July on strong harvest prospects

  • China is projected to import 110 million metric tons (MMT) of soybeans in the 2026-27 marketing year, the US Department of Agriculture's attache in Beijing said in a report dated Wednesday, putting the forecast below the USDA's official one

  • Analysts expect the USDA will increase its estimate of US soybean production to 4.597 billion bushels from 4.562 billion in October, a record harvest, next week

  • US exporters sold 136,000 metric tons of soybeans to China for 2026/2027 delivery, the USDA reported

  • CBOT January soybeans were last 1-1/2 cents higher at $11.89-3/4 per bushel

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