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CBOT Trends-Wheat down 8-9 cents, corn down 1-2, soy up 5-6

ReutersMay 27, 2025 1:13 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 Tuesday.

WHEAT - Down 8 to 9 cents per bushel

  • CBOT wheat futures fell for a third straight session on Tuesday, as the risk of crop-damaging weather ahead of the northern hemisphere harvest receded, reinforcing expectations of a well-supplied market.

  • Recent days have seen rain in dry parts of northern Europe, rainfall forecasts in drought-hit cropping regions in China, an upward revision to a wheat yield forecast in the European Union and an upgraded production estimate for Russia.

  • Traders were awaiting the U.S. Department of Agriculture's weekly crop report later on Tuesday to see if U.S. winter wheat conditions continued to improve last week.

  • Export demand for wheat remains tepid and export prices in top shipper Russia dipped last week.

  • CBOT July soft red winter wheat WN25 was last down 9-1/2 cents to $5.33 per bushel. K.C. July hard red winter wheat KWN25 was last down 11-1/4 cents to $5.27-1/2 a bushel. Minneapolis July spring wheat MWEN25 was last down 6 cents to $6.00-1/2 a bushel.

CORN - Down 1 to 2 cents per bushel

  • Corn futures lowered, curbed by a bounce in the dollar.

  • The U.S. Department of Agriculture in its weekly crop report Tuesday afternoon will release corn condition ratings and planting progress.

  • A lack of weather risks to the U.S. corn crop have weighed on prices.

  • CBOT July corn CN25 was last down 3/4 cent to $4.58-3/4 per bushel.

SOYBEANS - Up 5 to 6 cents per bushel

  • Soybeans rose under support from soyoil futures, which have rallied on hopes that the U.S. Environmental Protection Agency will release new biofuel blending mandates.

  • CBOT July soybeans SN25 were last up 6-1/4 cents to $10.66-1/2 per bushel.

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