CBOT wheat futures Wv1 ease on technical selling as crude oil prices weakened. Losses are limited by worries about disruptions of Black Sea grain exports and reduced crops in key global production areas.
Wheat production in Canada was projected to fall by 10.9% to 36.1 million metric tons in 2026 compared with 2025, according to a Statistics Canada survey released on Wednesday, based in part on satellite and agroclimatic data.
CBOT December soft red winter wheat WZ26 was last down 1-1/2 cents at $7.27 per bushel. K.C. December hard red winter wheat KWZ26 was down 1-1/4 cents at $7.95 a bushel. Minneapolis December spring wheat MWEZ26 was last 2-1/2 cents higher at $7.51 a bushel.
CORN - Steady to down 2 cents per bushel
CBOT corn Cv1 futures were weaker on lower crude oil prices and a looming U.S. Midwest harvest.
Brazil's 2026/27 corn crop was projected to reach 148 million tons, up 2.8% from the previous season and the largest harvest ever recorded in the country, Brazil's national crop agency Conab said.
CBOT December corn CZ26 was last down 1/2 cent at $5.35-1/4 per bushel.
Soybean market and related crop estimates
SOYBEANS - Up 3 to 9 cents per bushel
CBOT soybean futures Sv1 were higher for a third straight session on good demand for U.S. supplies and as high production costs were expected to curb acreage expansion in Brazil. Expectations for Chinese buying ahead of a meeting between Presidents Xi Jinping and Donald Trump next week underpinned the market.
Brazil's national crop agency Conab said the country's soybean production was expected to rise 0.7% to 181.64 million metric tons in 2026/27. But the planted area was seen expanding by the smallest percentage in two decades.
Canola production in Canada was projected to fall by 0.8% to 22.1 million metric tons in 2026 compared with 2025, according to a Statistics Canada survey released on Wednesday, based in part on satellite and agroclimatic data.
CBOT November soybeans SX26 were last up 8 cents at $13.26-3/4 per bushel.
Chicago Board of Trade grain and soy complex expectations
CHICAGO, Sept. 16 (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.
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