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CBOT Trends-Corn steady to 3 cents up, soybeans and wheat up 1-4 cents

ReutersApr 21, 2025 1:28 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 Monday.

WHEAT - Up 1 to 4 cents

CBOT wheat Wv1 firm on a weak U.S. dollar and technical support. Improved soil moisture in parts of the Plains wheat belt following weekend rains capping the market.

Wheat also supported by relief that U.S. agriculture exports were shielded from port fees on China-built vessels.

CBOT May soft red winter wheat WK25 was last up 2-1/4 cents at $5.51 per bushel. K.C. May hard red winter wheat KWK25 was last up 3-1/4 cents at $5.60-3/4 a bushel, and Minneapolis May spring wheat MWEK25 was last up 1-3/4 cents at $6.08 a bushel.

CORN - Steady to 3 cents higher

Corn futures Cv1 gain on a weaker dollar and relief that the Trump administration shielded U.S. agriculture exports from steep port fees that will be levied on China-built vessels.

Rainy weather slowed early planting progress in the U.S. Midwest.

CBOT May corn CK25 was last 3 cents higher at $4.85-1/4 per bushel.

SOYBEANS - Up 1 to 4 cents

Soybeans firm on a weaker dollar and relief that U.S. agriculture exports were shielded from port fees on China-built vessels. Gains capped by worries over rising U.S.-China trade tensions.

Rains across the U.S. Midwest stalled early planting progress.

China's U.S. soybean imports rose 12% in March from the same period last year as importers raced to get ahead of rising tariffs. Brazil is expected to dominate the market in the coming months.

Japan is considering increasing its soybean imports as a concession in trade negotiations with the U.S. over tariffs.

CBOT May soybeans SK25 were last up 3-3/4 cents at $10.40-1/4 per bushel.

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