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CBOT Trends-Wheat up 4-5 cents, corn up 3-4, soy up 3-6

ReutersJun 3, 2025 1:09 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 - Up 4 to 5 cents per bushel

  • CBOT wheat Wv1 edged higher as traders focused on tensions in the Black Sea, though better-than-expected U.S. crop ratings put pressure on prices.

  • The contract had risen sharply during Monday's session as a Ukrainian drone attack in Russia shifted attention back on the war between the two grain exporters.

  • Ukraine's 2025 grain harvest may decrease by 10% to around 51 million metric tons, compared with 56.7 million tons in 2024, according to the most pessimistic estimates, Ukrainian agriculture minister Vitaliy Koval said on Tuesday.

  • In its weekly crop progress report released after Monday's close, the U.S. Department of Agriculture estimated that 50% of U.S. spring wheat and 52% of winter wheat were in good to excellent condition, up from the prior week and exceeding average analyst expectations.

  • CBOT July soft red winter wheat WN25 was last 4-3/4 cents to $5.43-3/4 per bushel. K.C. July hard red winter wheat KWN25 was last up 2-3/4 cents to $5.42-1/2 per bushel. Minneapolis July spring wheat MWEN25 was last down 3-1/2 cents to $6.23-3/4 a bushel.

CORN - Up 3 to 4 cents per bushel

  • CBOT corn Cv1 gained, though a large corn crop, global competition and decent crop ratings kept a lid on prices.

  • The USDA's corn rating improved to 69% good-to-excellent, up a percentage point from last week and in line with trade expectations.

  • CBOT July corn CN25 was last up 3-3/4 cents at $4.42 per bushel.

SOYBEANS - Up 3 to 6 cents per bushel

  • CBOT soybeans Sv1 crept higher as concerns over the condition of the U.S. soy crop and a higher soybean crush drove prices higher.

  • The USDA rated 67% of U.S. soybeans in good to excellent condition in its initial ratings of the 2025 soy crop, just below an average of analyst estimates for 68% but roughly on par with previous years.

  • The soybean market has also been pressured by renewed trade tensions between the United States and China.

  • CBOT July soybeans SN25 were last up 6-1/4 cents to $10.39-3/4 per bushel.

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