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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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