CBOT wheat up 1-3 cents, corn down 2-3 cents, soy down 5-7 cents
DBA•Wheat futures were expected to rise 1 to 3 cents per bushel at the CBOT’s Friday resumption, while corn was expected to fall 2 to 3 cents and soybeans 5 to 7 cents.
1. Wheat firms
Wheat futures firmed in early trading after the benchmark December contract hit a seven-week low. Export tenders, including one from Saudi Arabia, supported demand sentiment, while a lack of progress toward restoring normal Black Sea shipping also underpinned prices. December soft red winter wheat was last up 3 cents at $6.85-3/4 per bushel.
2. Corn and soybeans slip
Corn futures trended lower after a larger-than-expected USDA quarterly U.S. corn stocks figure and forecasts for improving Midwest weather that could promote harvest activity. StoneX lowered its 2026 U.S. corn yield estimate to 182.1 bushels per acre from 182.9. December corn was last down 2-3/4 cents at $4.99-1/2 per bushel.
3. Soybean pressure
Soybean futures declined amid improving U.S. harvest weather and a lack of supportive news, with large speculative net-long positions leaving the market prone to long liquidation. StoneX raised its 2026 U.S. soybean yield estimate to 54.1 bushels per acre from 53.0. November soybeans were last down 7 cents at $12.77 per bushel.
