CBOT trends: Wheat up 12-14 cents, corn up 3-5 cents, soy up 12-14 cents
DBA•Wheat and soybeans were expected to rise 12 to 14 cents per bushel and corn 3 to 5 cents when CBOT trading resumed Monday. Saudi Arabia purchased around 683,000 metric tons of wheat, while U.S. exporters reported sales of corn to Mexico and soybeans to unknown buyers.
1. Wheat gains
CBOT wheat rose after Saudi Arabia purchased around 683,000 metric tons, exceeding the 535,000 tons it sought in a tender. Analysts also cited a lack of progress in restoring Black Sea shipments disrupted by the Russia-Ukraine war. December soft red winter wheat was last up 13-1/4 cents at $6.96-1/4 per bushel.
2. Corn outlook
Corn was expected to gain 3 to 5 cents per bushel after falling to $4.95, its weakest level since August 19. Traders said weather looked largely dry and favorable for U.S. harvesting over the next week. The USDA said exporters sold 129,540 metric tons of U.S. corn to Mexico.
3. Soybean rebound
Soybeans rebounded after hitting a five-week low Friday and were expected to rise 12 to 14 cents. The USDA reported sales of 104,000 metric tons of U.S. soybeans to unknown buyers. In Brazil, farmers had planted 7.3% of the expected 2026/27 soybean area as of Thursday, compared with 9% a year earlier, AgRural said.
