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CBOT Trends-Wheat steady-down 1 cent, corn steady-up 2, soybeans up 2-4

ReutersJun 26, 2025 1:23 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 - Flat to down 1 cent

  • CBOT wheat eased on increased production forecasts, receiving additional selling pressure ahead of the first notice day for the July contracts and the U.S. Department of Agriculture's closely-watched crop progress and quarterly stocks reports due on Monday.

  • The IKAR agriculture consultancy said on Thursday it had raised its 2025 Russian wheat production forecast to 84.5 million metric tons from 83.8 million.

  • The International Grains Council (IGC) raised its 2025/26 world wheat crop outlook by 2 million tons to 808 million on Thursday.

  • A group of South Korean flour mills has issued an international tender to purchase about 50,000 metric tons of milling wheat to be sourced from the U.S. only, European traders said on Thursday.

  • CBOT September soft red winter wheat WU25 was last down 3/4 cent at $5.43-3/4 per bushel. K.C. September hard red winter wheat KWU25 was last down 1/2 cent at $5.38-3/4 per bushel, and Minneapolis September spring wheat MWEU25 was last down 3-3/4 cents to $6.24-1/4 per bushel.

CORN - Flat to up 2 cents

  • CBOT corn recovered from yesterday's lows as forecasts for global corn production were lowered, but futures remained pressured by favorable weather in the U.S. Midwest.

  • The International Grains Council (IGC) has trimmed its forecast for 2025/26 global corn production by 1 million metric tons to 1.276 billion tons, it said on Thursday.

  • Widespread rain is expected to lead to further improvements in soil moisture for corn in the Midwest this week, according to forecaster Vaisala.

  • Traders awaited the U.S. Department of Agriculture's grain stocks and planting data, due on Monday.USDA/EST

  • CBOT December corn CZ25 was last up 1 cent at $4.23-1/2 per bushel.

SOYBEANS - Up 2 to 4 cents

  • CBOT soybeans bounced up from this week's lows, but were pressured by ample supplies and ideal weather for the crop in the U.S. Midwest.

  • Warm, rainy weather in the U.S. Midwest is expected to aid crop development for nascent soy crops in the coming days, creating a greenhouse-like effect, according to analysts.

  • Investors anticipated the release of U.S. quarterly stocks and planting data to be released on Monday.

  • CBOT November soybeans SX25 were last down 2-3/4 cents at $10.21-1/4 per bushel.

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