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CBOT Trends-Wheat up 1-3 cents, soybeans steady-up 2, corn mixed

ReutersMar 18, 2025 1:11 PM

- 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 Tuesday.

WHEAT - Up 1 to 3 cents a bushel

Wheat futures higher on declining U.S. Plains crop conditions and concerns about hot and dry weather curbing yield prospects.

The U.S. Department of Agriculture said 48% of the wheat crop in top producer Kansas was in good-to-excellent condition, down 4 points from a week earlier. Crop ratings in Oklahoma and Texas held steady, the agency said in a weekly report.

High winds are expected in the southwestern U.S. Plains on Tuesday, causing further soil erosion, according to Commodity Weather Group.

CBOT May soft red winter wheat WK25 was last up 2-1/4 cents at $5.70-3/4 per bushel. K.C. May hard red winter wheat KWK25 was last up 3-3/4 cents at $6.09-1/4 per bushel, and Minneapolis May spring wheat MWEK25 was up 3-1/2 cents at $6.18-1/2 per bushel.

CORN - Up 1 cent to down 3 cents a bushel

Corn futures mixed to mostly weaker following modest gains on Monday. Rising trade tensions and an expected jump in U.S. plantings this spring weighing on prices.

Actively traded May futures CK25 touched a 1-1/2 week low in overnight trading but held technical chart support at its 200-day moving average.

CBOT May corn CK25 was last down 2-1/4 cents at $4.58-3/4 per bushel.

SOYBEANS - Steady to up 2 cents a bushel

Soybeans firmer in range-bound trading. Market underpinned by expectations for a decline in U.S. plantings this spring, but tariff worries and massive South American supplies anchoring prices.

CBOT May soybeans SK25 were last up 2 cents at $10.17-1/2 per bushel.

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