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

ReutersMay 1, 2025 1:12 PM

- The 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 Thursday.

WHEAT - Up 1 to 3 cents per bushel

* CBOT wheat futures ticked higher ahead of the release of U.S. export sales data, though beneficial weather in the U.S. wheat belt has continued to put pressure on prices.

* Rains over the U.S. Plains, with more expected in the next week, are expected to boost yields for the developing wheat crop.

* Markets in countries across Europe and Asia are closed on Thursday for public holidays, with China, the world's biggest crop importer, closed until Tuesday.

* The U.S. Department of Agriculture reported old-crop wheat export sales at 72,000 metric tons for the week ended April 24, in line with trade estimates.

* CBOT July soft red winter wheat WN25 was last up 1-1/4 cents to $5.32 per bushel. K.C. July hard red winter wheat KWN25 was last up 1/4 cent to $5.29-3/4 a bushel, and Minneapolis July spring wheat MWEN25 was last down 2 cents to $5.95 a bushel.

CORN - Up 2 to 3 cents per bushel

* Corn futures rose after sharp declines earlier in the week, supported by stronger export demand and bargain buying.

* Favorable weather, including good soil moisture and light rain, is expected in the U.S. Midwest. Easing rains are expected to allow farmers to seed extra corn acres.

* The USDA reported corn export sales at 1,014,400 metric tons, in line with analyst estimates.

* CBOT July corn CN25 was up 2-3/4 cents to $4.70 per bushel.

SOYBEANS - Down 3 cents to up 1 cent per bushel

* Soybeans were mixed as large South American harvests and a lack of Chinese demand for U.S. crops weighed on prices.

* Argentine farmers sold 230,000 metric tons of soybeans on Tuesday, the largest single-day amount of the grain sold in 2025, the Rosario grains exchange said on Wednesday.

* U.S. soybean processors likely crushed 6.165 million short tons of the oilseed in March, or 205.5 million bushels, while soyoil stocks were estimated to have swelled to an eight-month high, according to analysts surveyed by Reuters ahead of a monthly U.S. Department of Agriculture report due on Thursday.

* The USDA reported soybean export sales at 428,200 tons, in line with analyst estimates.

* CBOT July soybeans SN25 were last up 1/2 cent to $10.45 per bushel.

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