CBOT Trends — Wheat down 1 — 2 cents, corn steady — up 1, soy down 1 — 2
CHICAGO, Oct 13 (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 Tuesday. WHEAT — Down 1 to 2 cents per bushel Wheat ticked down, with the market shrugging off a latest attack on vessels in the Black Sea export zone. The market showed little reaction to news that two cargo ships were struck by drones off the coast of Bulgaria, with one sinking, the latest in a series of attacks on commercial shipping in the western Black Sea. Market worries over disruption to massive Black Sea trade, due to Russia's war with Ukraine, have been tempered by increased shipments of Russian wheat through alternative Baltic routes. Ukraine is likely to export no more than 11 million metric tons of wheat in the 2026/27 July to June season against around 14 million tons in 2025/26 due to blocked Black Sea ports, the analytical department of the country's major farmers union UAC said on Tuesday. CBOT December soft red winter wheat was last 1 cent lower to $6.71-1/4 per bushel; K.C. December hard red winter wheat was last up 1 cent to $7.16-1/4 a bushel; Minneapolis December spring wheat was last unchan
m. CDT (1330 GMT) on Tuesday. WHEAT — Down 1 to 2 cents per bushel Wheat ticked down, with the market shrugging off a latest attack on vessels in the Black Sea export zone. The market showed little reaction to news that two cargo ships were struck by drones off the coast of Bulgaria, with one sinking, the latest in a series of attacks on commercial shipping in the western Black Sea.
Market worries over disruption to massive Black Sea trade, due to Russia's war with Ukraine, have been tempered by increased shipments of Russian wheat through alternative Baltic routes. Ukraine is likely to export no more than 11 million metric tons of wheat in the 2026/27 July to June season against around 14 million tons in 2025/26 due to blocked Black Sea ports, the analytical department of the country's major farmers union UAC said on Tuesday. C. 96-1/4 a bushel.
CORN — Steady to up 1 cent per bushel Corn steadied to hold above a seven-week low as market attention turned to the USDA's weekly crop progress report due after Tuesday's market close. The report will show the extent to which work gathered speed in drier weather last week before showers are due to return this week. 83-1/4 per bushel. SOYBEANS — Down 1 to 2 cents per bushel Soybeans fell for a second straight session on Tuesday to approach a six-week low as harvest activity picked up across the US Midwest following a spell of dry weather, while traders awaited a weekly crop progress report after the close.
69-3/4 struck on Friday after the US Department of Agriculture increased its estimate of the US soybean harvest to a new record. 5 million metric tons per month in the fourth quarter, Cai Hongli, deputy general manager of market research at COFCO Oils, said at an industry conference in Dalian on Tuesday. 86 per bushel. com;)