Wheat Futures Rises on Hopes of Shutdown End — Daily Grain Highlights

By Kirk Maltais

--Wheat for December delivery rose 1.5% to $5.35 3/4 a bushel on the Chicago Board of Trade on Monday, leading the row crop complex higher on news of a vote moving forward in the Senate that could end the U.S. government shutdown.

--Soybeans for January delivery rose 0.9% to $11.27 1/4 a bushel.

--Corn for December delivery rose 0.5% to $4.29 1/2 a bushel.

HIGHLIGHTS

Light at the End of the Tunnel: CBOT grain futures jumped after Democrats provided enough votes to advance a measure designed to end the government shutdown. Analysts said grains are following the overall optimistic sentiment in wider markets. Although, as AgMarket.net said in a note, it will likely be several days before the government can officially re-open.

Deal Discourse: Markets across the board celebrated the potential re-opening of the government, but the question for grains is whether China will return to buying large volumes of U.S. agricultural exports. "I would assume government funding is a light supportive point," said Rich Nelson of Allendale Inc. "I would suggest a better upside discussion comes from the hope/expectation that we'll see mandatory China buying for corn/wheat in some type of finished trade deal." Corn and wheat received support on these hopes.

INSIGHT

Storage Wars: Grain elevators in the U.S. Corn Belt are dealing with a glut of soybeans from farmers amid the trade strife between the U.S. and China, said Kurt Haarmann, head of Columbia Grain International. CGI operates elevators in the U.S. Plains and further west, and said there are too many soybeans sitting in elevators. Those that can't fit are either returning to farmers' bins, or are sitting in piles outside of elevators -- with a record-sized corn crop that's looking for space as well, Haarmann said. He adds that large volume sales may return in earnest in January.

Sagging Inspections: Soybean and wheat futures on the CBOT are up in afternoon trading, but inspections reported by the Agriculture Department are mostly lower versus this time last year. The USDA said Monday in its weekly Grain Export Inspections report that wheat shipments totaled 290,513 metric tons for the week ended Nov. 6, while soybean shipments totaled 1.09 million tons. Both are lower than this time last year. Inspections did exceed this time last week at 1.42 million tons, but were less than last week's 1.71 million tons. Driving the uptick is a potential end to the U.S. government shutdown, which may restore the reporting of USDA data back to investors.

AHEAD

Note: The government shutdown is impacting the timing of USDA reports and data releases.

--The USDA will be closed in observance of the Veteran's Day holiday on Tuesday, Nov. 11, reopening on Wednesday, Nov. 12.

--The EIA will release its weekly ethanol production and stocks report at 10:30 a.m. ET Thursday.

--The USDA will release its November WASDE report on Friday, Nov. 14, rescheduled from noon eastern time on Nov. 10 due to the government shutdown.

Write to Kirk Maltais at kirk.maltais@wsj.com

(END) Dow Jones Newswires

November 10, 2025 15:47 ET (20:47 GMT)