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CBOT Trends-Wheat down 4-6 cents, soy up 3-5 cents, corn flat to up 2 cents

ReutersJun 20, 2025 1:16 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 Friday.

WHEAT - Down 4 to 6 cents

  • CBOT wheat eased overnight on profit-taking, traders said, after Israel's war with Iran recently fueled short covering.

  • The onset of northern hemisphere harvesting also kept a lid on prices, they said.

  • Russia plans to export 45 million metric tons of wheat in the new 2025/26 season, slightly more than the current season just ending, the nation's agriculture minister said in a media interview.

  • The U.S. Department of Agriculture reported weekly U.S. wheat export sales of 427,200 metric tons for 2025-26. Analysts expected 300,000-600,000 metric tons.

  • CBOT July soft red winter wheat WN25 was last down 4-1/2 cents at $5.69-3/4 per bushel. K.C. July hard red winter wheat KWN25 was last down 3-1/2 cents at $5.67-3/4 per bushel, and Minneapolis July spring wheat MWEN25 slipped 3-1/2 cents to $6.42-3/4 per bushel.

CORN - Flat to 2 cents higher

  • CBOT corn was consolidating close to a 2025 low struck last week.

  • Favorable U.S. crop conditions and expectations for a bumper Brazilian harvest hung over the market.

  • Exporters sold 124,000 metric tons of U.S. corn to unknown buyers for 2025-26 delivery, the USDA said in a daily reporting system.

  • Weekly U.S. corn export sales were 903,800 metric tons for 2024-25, compared to analysts' estimates for 600,000 to 1.2 million metric tons.

  • CBOT July corn CN25 last up 1 cent at $4.34-1/2 per bushel.

SOYBEANS - Up 3 to 5 cents

  • CBOT soybeans Sv1 set a one-month high, supported by recent strength in oil markets and news of a higher-than-expected U.S. biodiesel targets.

  • CBOT soyoil set new highs in several contracts.

  • Weekly U.S. soybean export sales were 539,500 metric tons for 2024-25, USDA said. Analysts expected zero to 400,000 metric tons.

  • CBOT July soybeans SN25 were last up 3-1/2 cents at $10.78-1/4 per bushel.

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