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CBOT Trends-Wheat down 7-11 cents, corn down 3-6 cents, soy mixed

ReutersJun 9, 2025 1:24 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 Monday:

WHEAT - Down 7 to 11 cents per bushel

  • CBOT wheat sagged as predictions for the Russian wheat crop increased.

  • Russia's Sovecon agriculture consultancy said it had increased its 2025 Russian wheat crop forecast by 1.8 million tons to 82.8 million tons.

  • Prices for new crop Russian wheat were unchanged last week, with analysts lowering their estimates for June exports amid low market activity.

  • Heat is expected to break after Tuesday for Southern Russia and Eastern Ukraine, according to forecaster Commodity Weather Group.

  • CBOT July soft red winter wheat WN25 was last down 10-1/4 cents at $5.44-1/2 per bushel. K.C. July hard red winter wheat KWN25 fell 10 cents to $5.39-1/4 per bushel, and Minneapolis July spring wheat MWEN25 dropped 7-1/2 cents to $6.27-3/4 per bushel.

CORN - Down 3 to 6 cents

  • CBOT corn dropped as mostly benign weather was expected for the U.S. Midwest.

  • A mild, showery pattern is expected to aid corn crop development in the U.S. Midwest, according to Commodity Weather Group.

  • Brazil's key center-south region had harvested 1.9% of its 2025 second corn crop as of last Thursday, agribusiness consultancy AgRural said on Monday, the lowest level for this time of year since 2021.

  • The Korea Feed Association in South Korea purchased an estimated 65,000 metric tons of animal feed corn in a private deal late last week without issuing an international tender, European traders said.

  • CBOT July corn CN25 was last down 2-3/4 cents at $4.39-3/4 per bushel.

SOYBEANS - Down 1 to up 1 cent

  • CBOT soybeans Sv1 were nearly unchanged as U.S. and Chinese officials were scheduled to meet for trade talks and beneficial weather was expected in the U.S. Midwest.

  • Top U.S. and Chinese officials were meeting in London on Monday for talks aimed at defusing the high-stakes trade dispute that has widened in recent weeks beyond tit-for-tat tariffs.

  • Mild weather with showers is expected to aid the development of the soybean crop in the U.S. Midwest.

  • CBOT July soybeans SN25 were last up 1/4 cent at $10.57-1/2 per bushel.

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