Wheat Up, Corn and Soybeans Down in Pre-Market Trading
Wheat is expected to trade 1 to 3 cents higher, corn 2 to 3 cents lower, and soybeans 5 to 7 cents lower as trading resumes at the Chicago Board of Trade.
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Wheat is expected to trade 1 to 3 cents higher, corn 2 to 3 cents lower, and soybeans 5 to 7 cents lower as trading resumes at the Chicago Board of Trade.
Wheat futures are expected to open 3-5 cents higher per bushel, corn 1-3 cents higher, and soybeans 2-4 cents lower ahead of Thursday's trading session on the Chicago Board of Trade.
CBOT wheat futures rose 3-6 cents to $6.98-1/2 per bushel, corn futures firmed 1-3 cents to $5.24-3/4, and soybean futures gained 5-8 cents to $13.05-1/4, with traders positioning ahead of USDA reports.
CBOT soybeans fell 0.02% to $12.97-1/2 a bushel by 0107 GMT, while wheat and corn rose; traders also monitored China’s planned tariff cuts excluding soy and US harvest progress ahead of the quarterly stocks report.
CBOT soybeans rose 9-1/2 cents to $12.97-3/4/bushel after a four-week low as traders looked to the USDA quarterly stocks report; corn ended down 1 cent at $5.22 and wheat gained 4 cents to $6.92-3/4.
CBOT soybean futures rose 12-3/4 cents to $13.01 a bushel after Monday's drop to a four-week low.
Reuters expects Chicago Board of Trade grain and soy futures to open mixed on Tuesday, with wheat pressured by a firmer dollar and corn and soybeans supported by bargain-buying. The USDA said winter wheat planting was 27% complete, corn harvest 18% complete and soybean harvest 17% complete.
Chicago soybean futures steadied after the US-China summit brought no new purchase deals and left soybeans off a list for tariff cuts. Traders are also watching a rain-slowed US harvest and Wednesday's USDA stocks data.
CBOT soybean futures settled down 30-3/4 cents at $12.88-1/4 a bushel after soybeans were left off China-US tariff cuts. CBOT corn and wheat also fell as traders tracked Black Sea export talks and broader market pressures.
Soybeans were left off proposed China-U.S. tariff cuts on agricultural goods, while corn, wheat, sorghum, soyoil and soymeal were included. The most-active CBOT soybean contract fell as low as $12.79-1/4 a bushel, its lowest since Aug. 31.
Chicago soybean futures fell 1.8% to $12.95-1/2 a bushel after Beijing omitted soybeans from proposed tariff cuts on agricultural goods. CBOT wheat and corn also fell, while soybeans remained subject to an additional 10% tariff.
(Updates throughout with European trading, changes dateline) PARIS/BEIJING, Sept 18 (Reuters) — Chicago soybean futures dipped on Friday as a rally in soymeal subsided while weakness in crude oil and strength also curbed prices, analysts said. Attention was turning towards next week's meeting between Presidents Donald