Chicago crop futures settled mainly higher on Wednesday, as positioning ahead of Friday’s USDA supply-demand report continued to support.
Traders and analysts expect the report to trim the average 2025 US corn and soybean yield estimates from September, when the previous s-d report was released. The US government shutdown meant the October report was not issued. Corn was further boosted by strong international export business, as well as domestic feed and ethanol demand. December corn gained 3 ¼ cents to $4.35 ¼, and March was 2 ¼ cents higher at $4.49 ¼.
Gains in soybeans were limited by the continued lack of confirmation of any major purchases of US supplies by China. January soybeans were up 6 ½ cents to $11.33 ¾, and March added 6 cents to $11.44.
December Chicago wheat was steady at $5.36, while December Kansas City gained 1 ¾ cents to $5.25 ½. December Hard Red Spring climbed 6 ¾ cents to $5.30 ¾, and December Minneapolis inched a ¼ cent higher to $5.69 ¾.
