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

ReutersJun 4, 2025 1:06 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 Wednesday.

WHEAT - Up 3 to 4 cents per bushel

  • CBOT wheat Wv1 rose on Wednesday, underpinned by signs of a hardening conflict between Ukraine and Russia.

  • The wheat market has been torn this week between concern over Black Sea grain trade, as Ukraine has stepped up attacks on Russian targets, and improved conditions for U.S. crops as estimated by the U.S. Department of Agriculture's weekly crop progress report on Monday.

  • Traders were also monitoring drought damage to the wheat crop in China, though it was unclear if this would prompt more imports given large Chinese stocks.

  • CBOT July soft red winter wheat WN25 was last up 4 cents to $5.40 per bushel. K.C. July hard red winter wheat KWN25 was last up 1-1/4 cents to $5.38 per bushel. Minneapolis July spring wheat MWEN25 was last up 2-1/2 cents to $6.20-1/2 per bushel.

CORN - Up 4 to 5 cents per bushel

  • CBOT corn Cv1 ticked up on technical trading and an uptick in global export demand for U.S. corn.

  • A weakened U.S. dollar and hopes that tariff negotiations between Washington and grain importers like China and Vietnam will boost U.S. exports have also added support to prices.

  • Beneficial growing conditions in the U.S. Midwest have kept a lid on prices.

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

SOYBEANS - Up 5 to 6 cents per bushel

  • CBOT soybeans Sv1 rose on news that U.S. President Donald Trump and Chinese counterpart Xi Jinping are set to speak this week. China is the world's biggest soy importer.

  • Relatively strong crude oil prices have also underpinned soy futures.

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

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