CBOT Trends: Wheat Prices Rise 1-2 Cents, Corn and Soybeans See Mixed Movement

Chicago Board of Trade (CBOT) wheat futures are up 1-2 cents, while corn is steady to down 1 cent and soybeans are down 2-3 cents. The moves come amid concerns over biofuel demand and a stronger US dollar. Russia's wheat harvest is expected to reach 84 million tons by the end of the year.

Chicago Board of Trade (CBOT) grain futures saw mixed movements on Monday, September 12, 2025. Wheat futures were up by 1 to 3 cents per bushel, corn futures were steady to down by 1 cent, and soybean futures were down by 2 to 3 cents. These movements were influenced by concerns over biofuel demand and a stronger U.S. dollar.

Wheat futures firmed as the U.S. dollar weakened, making U.S. exports more competitive on the global market. The weaker dollar tends to boost demand for U.S. wheat, as it becomes cheaper for international buyers. CBOT December soft red winter wheat (WZ25) was up 1-1/4 cents at $5.24-3/4 per bushel, while K.C. December hard red winter wheat (KWZ25) was flat at $5.14-3/4 a bushel. Minneapolis December wheat (MWEZ25) was down 2 cents at $5.69-3/4 a bushel Wheat up 1-3 cents, corn down 4-5 cents, soybeans mixed^[1].

Corn futures were steady to down, with CBOT December corn (CZ25) last traded down 4-1/4 cents at $4.25-3/4 per bushel. The downward pressure was attributed to forecasts of a record large U.S. harvest, which is expected to lead to increased supply. The U.S. Department of Agriculture (USDA) reported that farmers will harvest a record corn crop this autumn, eclipsing the previous record set two years ago by nearly 1.5 billion bushels Wheat up 1-3 cents, corn down 4-5 cents, soybeans mixed^[1].

Soybean futures were down by 1 to up 1 cent per bushel, trading near flat amidst expectations of a large harvest. However, investor hopes over U.S. China trade talks in Madrid provided some support. The USDA's monthly crop report put U.S. soybean production at 4.301 billion bushels, up from 4.292 billion bushels estimated a month earlier. CBOT November soybeans (SX25) were last up 1/2 cent at $10.46-3/4 per bushel Wheat up 1-3 cents, corn down 4-5 cents, soybeans mixed^[1].

The market is closely watching the U.S. Environmental Protection Agency's (EPA) upcoming decisions on biofuel blending obligations, which have maintained uncertainty over exemptions to blending requirements. This uncertainty has been weighing on soybean prices, as biofuel mandates absorb a significant amount of soyoil for use in renewable diesel. CBOT soyoil (BOv1) was down 0.3% after sliding nearly 3% on Wednesday Soybeans stay weak amid biofuel doubts, corn and wheat drift^[2].

Additionally, the market is closely monitoring the trade talks between the U.S. and China. A lack of Chinese purchases of U.S. soybeans, amid a trade battle between Beijing and Washington, is also impacting the soybean market. The market is watching to see if a call scheduled for Friday between U.S. President Donald Trump and Chinese President Xi Jinping yields progress towards resuming soybean trade Soybeans stay weak amid biofuel doubts, corn and wheat drift^[2].

The U.S. dollar's strength is also playing a significant role in the grain and soy complex. A stronger dollar makes U.S. exports more expensive, which can negatively impact demand for these commodities. The euro/dollar exchange rate (EURUSD) was down 0.15% at 1.18 on Monday Soybeans stay weak amid biofuel doubts, corn and wheat drift^[2].

In summary, CBOT grain futures saw mixed movements on Monday, with wheat up, corn steady to down, and soybeans down. These movements were driven by concerns over biofuel demand, a stronger U.S. dollar, and expectations of a large harvest. Investors will continue to closely monitor the U.S. EPA's decisions on biofuel blending obligations and the trade talks between the U.S. and China.