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CBOT Trends-Wheat down 1-5 cents, corn steady-down 3, soybeans down 2-4

ReutersMar 19, 2025 1:12 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 Wednesday.

WHEAT - Down 1 to 5 cents a bushel

Wheat futures lower on technical selling and a firmer U.S. dollar. News of progress toward peace talks in the Russia-Ukraine war also weighed on prices. Concerns about hot and dry weather in the U.S. Plains wheat belt limited declines.

Technical selling pressured the market as actively traded CBOT May wheat WK25 failed to break through overhead resistance at its 50- and 100-day moving averages then later fell below chart support at its 20-day average.

Russian President Vladimir Putin agreed Tuesday to stop attacking Ukrainian energy facilities temporarily in a scaled-back deal following talks with U.S. President Donald Trump.

CBOT May soft red winter wheat WK25 was last down 1-1/4 cents at $5.63-3/4 per bushel. K.C. May hard red winter wheat KWK25 was last down 6 cents at $6.00-1/4 per bushel, and Minneapolis May spring wheat MWEK25 was down 1/4 cent at $6.13-3/4 per bushel.

CORN - Steady to down 3 cents a bushel

Corn futures ease as tariff concerns and an expected rise in U.S. plantings this spring weighed on the market.

Actively traded May futures CK25 held chart support at their 200-day moving average, a key technical point that also held on Monday.

CBOT May corn CK25 was last down 1 cent at $4.57-3/4 per bushel.

SOYBEANS - Down 2 to 4 cents a bushel

Soybeans ease for a third straight session, with tariff worries and massive South American supplies anchoring prices.

CBOT May soybeans SK25 were last down 2-1/4 cents at $10.10-1/2 per bushel.

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