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CBOT Trends-Wheat up 2-4 cents, corn up 1-3 cents, soy down 2-4 cents

ReutersJun 5, 2025 1:04 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 2 to 4 cents per bushel

  • CBOT wheat rose amid concerns over escalating attacks between grain exporters Ukraine and Russia, analysts said.

  • Russia said it will respond to Ukraine's latest attacks as and when its military sees fit.

  • The U.S. Department of Agriculture reported net weekly export sales reductions of 49,100 metric tons for 2024-25 and net weekly export sales of 444,900 metric tons for 2025-26.

  • Analysts had expected net cancellations of 200,000 metric tons to net sales of 100,000 metric tons for 2024-25. They expected net sales of 300,000 to 800,000 metric tons for 2025-26.

  • CBOT July soft red winter wheat WN25 was last up 2-1/2 cents at $5.45-3/4 per bushel. K.C. July hard red winter wheat KWN25 was last up 1/4 cent at $5.40-3/4 per bushel, and Minneapolis July spring wheat MWEN25 was up 1/4 cent at $6.24-3/4 per bushel.

CORN - Up 1 to 3 cents

  • Technical buying and U.S. export demand underpinned CBOT corn, analysts said.

  • The USDA reported weekly U.S. export sales of 942,300 metric tons for 2024-25 and 160,100 metric tons for 2025-26. Analysts expected 775,000 to 1.4 million metric tons for 2024-25 and 20,000 to 250,000 metric tons for 2025-26.

  • South Korean importers bought corn in international tenders, with some expected to be sourced from the U.S. Pacific Northwest, European traders said.

  • CBOT July corn CN25 was last up 3 cents at $4.41-3/4 per bushel.

SOYBEANS - Down 2 to 4 cents

  • CBOT soybeans Sv1 retreated with soyoil and soymeal.

  • Concerns about Washington's trade war with China, the world's biggest soybean importer, hung over futures.

  • Chinese President Xi Jinping held talks with U.S. President Donald Trump by phone, the official Xinhua news agency reported on Thursday.

  • Weekly U.S. soybean export sales were 194,300 metric tons for 2024-25 and 3,500 metric tons for 2025-26, the USDA said. Analysts expected 100,000 to 500,000 metric tons for 2024-25 and zero to 100,000 metric tons for 2025-26.

  • CBOT July soybeans SN25 were last down 3-1/4 cents at$10.41-3/4 per bushel.

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