CBOT Trends-Wheat and soybeans up 3-5 cents, corn up 1-2 cents

- The following are U.S. 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 Friday.

WHEAT - Up 3 to 5 cents per bushel

  • CBOT wheat rose on concerns over disruptions to exports from the Black Sea region as supplies tighten in Europe and North America, analysts said. The most-active contract Wv1 set a two-year high on Thursday.

  • Ukraine and Russia carried out missile and drone attacks this week on vessels in the Black Sea and the Sea of Azov, a zone vital for grain exports.

  • Russia, the world's largest wheat exporter, is on track for a good 2026 harvest and the state will ensure that farmers receive the fuel they need to bring in the grain, Agriculture Minister Oksana Lut said.

  • CBOT September soft red winter wheat WU26 was last up 4-1/2 cents at $6.79-1/4 per bushel. K.C. September hard red winter wheat KWU26 was up 8 cents at $7.24-1/2 per bushel, while Minneapolis September spring wheat MWEU26 rose 3-3/4 cents to $6.89 per bushel.

CORN - Up 1 to 2 cents per bushel

  • Corn futures Cv1 followed wheat prices higher.

  • U.S. crops faced hot, dry weather this week but milder conditions are expected later this month, traders said.

  • Much of the U.S. corn crop was in its critical pollination stage of development.

  • The condition of France's grain maize crop deteriorated again last week, FranceAgriMer said.

  • CBOT December corn CZ26 was last up 1-1/2 cents at $4.65-1/2 per bushel.

SOYBEANS - Up 3 to 5 cents per bushel

  • Soybean futures Sv1 rose on spillover strength from stronger wheat and oil prices and were supported by renewed Chinese buying, traders said.

  • Exporters sold 340,000 metric tons of U.S. soybeans to China; 256,634 metric tons to Mexico; and 110,000 metric tons to unknown buyers, the U.S. Department of Agriculture said in its daily reporting system.

  • Traders worried that tensions may rise between the U.S. and China, the world's biggest soybean importer, following Donald Trump's renewed accusations that Beijing meddled in U.S. elections.

  • CBOT November soybeans SX26 were last up 3-1/2 cents at $11.98-1/2 per bushel.