U.S. corn and wheat futures firmed on Thursday, supported by brisk export sales and a softer dollar, which tends to make U.S. grains more competitive globally, analysts said. Soybean futures clung to modest gains.
U.S. wheat futures fell more than one per cent on Wednesday to their lowest since late October on reminders of rising global supplies of the food grain, analysts said. Corn futures also sagged while soybean futures rebounded from multi-week lows, buoyed in part by news of fresh U.S. soy export sales. Chicago Board of Trade
Sideways trade is expected to be the norm in the soybean and corn futures markets through the holiday season, as participants continue to get caught up on the data that was delayed during the United States government shutdown.
The USDA is forecasting tighter U.S. corn ending stocks for 2025/26 due to increased exports. The supply/demand balance sheets for soybeans and wheat were unchanged.
U.S. soybean futures fell below $11 a bushel on Monday for the first time since October on uncertainty over whether China will buy as much U.S. supply as Washington expects and as South American crop weather favored large soy harvests that could begin in about a month, analysts said.
A sharp drop in the sunflower seed crop in 2025 combined with the introduction of export duties on oilseeds will lead to a surge in domestic processing of rapeseed and soybeans, the volume of which may exceed exports, said an analyst.
Chicago | Reuters – Chicago corn futures rose modestly on Thursday on chart-based buying, firm cash markets and reminders of brisk export demand for U.S. supplies, analysts said. Soybean and wheat futures followed the firm trend, shrugging off pressure from larger-than-expected estimates of Canada’s wheat and canola harvests. Chicago Board of Trade March corn futures
Canadian wheat and canola production in 2025/26 (Aug/Jul) surpassed early expectations to hit new record highs, according to updated survey-based estimates from Statistics Canada released Dec. 4.
Chicago | Reuters – U.S. corn futures fell on Wednesday and wheat futures also dipped as fears eased about a military escalation in the Black Sea grain export region, analysts said. Soybeans declined on uncertainty about Chinese demand for U.S. supplies of the oilseed. Chicago Board of Trade March corn futures CH26 were down 6-1/2