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CBOT wheat sags on corn, soy weakness; easing crop weather fears

ReutersFeb 24, 2025 7:50 PM

- Chicago Board of Trade wheat futures ended lower on Monday on spillover weakness from corn and soybeans and reduced fears about weather for Northern Hemisphere winter wheat crops, traders said.

  • CBOT May soft red winter wheat WK25 settled down 10-1/2 cents at $5.93-1/2 per bushel.

  • K.C. May hard red winter wheat KWK25 ended down 12-1/4 cents at $6.09-1/2 a bushel and Minneapolis May spring wheat MWEK25 fell 10-3/4 cents to finish at $6.35-3/4.

  • Late winter frosts in Russia's southern breadbasket regions are unlikely to inflict significant damage on winter crops, the state weather forecasting agency said in a forecast for the end of February.

  • European wheat futures hit a four-week low, pressured by falling CBOT grain futures and easing concerns about global weather.

  • The U.S. Department of Agriculture reported export inspections of U.S. wheat in the latest week at 375,546 metric tons, in line with trade expectations for 225,000 to 450,000 tons. USDA/I

  • The USDA is scheduled to release U.S. 2025 crop forecasts on Thursday at the start of its annual two-day Outlook Forum.

  • Friday is the first notice day for deliveries against CBOT March futures contracts.

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