CBOT Trends-Wheat up 12-14 cents, corn up 1-3 cents, soy flat-up 1 cent

- 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.

Traders adjusted positions before the U.S. Department of Agriculture was scheduled to release monthly crop data at 12 p.m. EDT (1600 GMT).

WHEAT - Up 12 to 14 cents per bushel

  • CBOT wheat Wv1 touched a six-week high overnight.

  • USDA was expected to lower its estimate of 2026-27 U.S. wheat ending stocks to 714 million bushels from 744 million in June, according to a Reuters poll of analysts.

  • Grain trade association Coceral cut its forecast of soft wheat production in the European Union and Britain by 2% due to heat.

  • Traders kept an eye on signs of a potential escalation in the Russia-Ukraine war. Both countries are major grain exporters.

  • CBOT September soft red winter wheat WU26 was last up 13-1/4 cents at $6.33 per bushel. K.C. September hard red winter wheat KWU26 was last up 15-3/4 cents at $6.70 per bushel, and Minneapolis September spring wheat MWEU26 was last up 9-1/2 cents at $6.48-1/2 per bushel.

CORN - Up 1 to 3 cents

  • USDA was expected to reduce its estimate of 2026-27 U.S. corn ending stocks to 1.873 billion bushels from 1.960 billion last month, according to analysts surveyed by Reuters.

  • Forecasts have pointed to showers and more moderate heat in the U.S. grain belt after a hot period worried investors.

  • In Europe, maize emerged as the cereal crop most exposed to extreme weather.

  • The condition of French maize last week reached a 15-year low, while Coceral slashed its estimate for corn output in the EU and Britain by about 8%.

  • CBOT December corn CZ26 was last up 1-3/4 cents at $4.53-3/4 per bushel.

SOYBEANS - Flat to up 1 cent

  • An uptick in demand for U.S. soybeans continued, as USDA said in a daily reporting system that exporters sold 264,000 metric tons of U.S. soybeans to top importer China.

  • USDA also confirmed sales of U.S. soybeans to China and unknown destinations in its daily reporting system on Wednesday and Thursday.

  • USDA was expected to estimate 2026-27 U.S. soybean ending stocks at 330 million bushels, compared to its June estimate of 310 million, according to analysts surveyed by Reuters.

  • CBOT November soybeans SX26 were last up 1/4 cent at $11.81-3/4 per bushel.