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

ReutersJun 27, 2025 1:03 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 - Up 4 to 5 cents

  • CBOT wheat rose, supported by gains in wider financial markets and signs of progress in U.S.-China trade talks.

  • Global shares rallied on Friday, aided by signs of progress in U.S.-China trade talks, while the dollar weakened.

  • A stronger dollar tends to make U.S. exports cheaper and therefore more competitive on the global market.

  • Ahead of the U.S. Department of Agriculture's quarterly grain stocks and planting data, due on Monday, analysts predicted wheat stocks at 0.836 billion bushels, well above the agency's estimate of 0.696 billion bushels this time last year.

  • A group of South Korean flour mills bought an estimated 50,000 metric tons of milling wheat to be sourced from the United States in an international tender on Friday, European traders said.

  • CBOT September soft red winter wheat WU25 was last up 5 cents at $5.41-3/4 per bushel. K.C. September hard red winter wheat KWU25 was last up 4-1/4 cents at $5.38 per bushel, and Minneapolis September spring wheat MWEU25 was last up 7 cents to $6.32-1/2 per bushel.

CORN - Up 4 to 6 cents

  • CBOT corn firmed on strength in the wider markets, with traders optimistic about progress in U.S.-China trade talks.

  • A trade agreement between the U.S. and China on Thursday on how to expedite rare earth shipments to the U.S. was also seen by markets as a positive sign, amid efforts to end the tariff war between the world's two biggest economies.

  • Ahead of the USDA's quarterly grain stocks and planting data, due on Monday, analysts predicted corn stocks at 4.641 billion bushels, below the agency's estimated 4.997 billion bushels this time last year.

  • The dollar remained on the back foot, hovering near its lowest level in 3-1/2 years against the euro and sterling.

  • CBOT December corn CZ25 was last up 5-1/2 cents at $4.26-1/2 per bushel.

SOYBEANS - Flat to up 3 cents

  • CBOT soybeans bounced up on signs of progress in U.S. China trade talks as the U.S. dollar weakened, making U.S. exports more competitive.

  • Traders were optimistic about a trade agreement between the U.S. and China on rare earth shipments to the U.S., reached as the two sides attempted to find a resolution to the trade war that has roiled global economies.

  • Ahead of the USDA's quarterly grain stocks and planting data, due on Monday, analysts predicted soybean stocks at 0.980 billion bushels, above the agency's estimated 0.970 billion bushels this time last year.

  • CBOT November soybeans SX25 were last up 2-1/2 cents at $10.19 per bushel.

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