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CBOT Trends-Wheat up 2-4 cents, corn down 5-7, soy down 8-10

ReutersJul 1, 2025 1:17 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 Tuesday.

WHEAT - Up 2 to 4 cents per bushel

  • CBOT wheat ticked up, with fresh weakness in the dollar helping underpin prices in the face of an advancing harvest in the United States and elsewhere in the Northern Hemisphere.

  • The U.S. winter wheat harvest accelerated to 37% complete, up from 19% last week and above a range of analyst expectations, the U.S. Department of Agriculture reported on Monday.

  • CBOT September soft red winter wheat WU25 was last up 4-3/4 cents to $5.43 per bushel. K.C. September hard red winter wheat KWU25 was last up 1-1/2 cents to $5.28-1/4 per bushel, and Minneapolis September spring wheat MWEU25 was last down 3/4 cent to $6.19 per bushel.

CORN - Down 5 to 7 cents per bushel

  • CBOT corn fell as an unexpected jump in U.S. crop ratings reinforced expectations of ample supply.

  • The USDA rated 73% of the nation's corn crop in good-to-excellent condition, above the average trade guess and the best since 2018 at this point in the growing season.

  • Warm weather and showers across the U.S. Midwest have provided ideal growing conditions for the nation's corn and soybean crops over the past week, according to analysts.

  • Favorable U.S. crop prospects come as Brazilian farmers are harvesting what some analysts expect to be a record second-corn crop.

  • CBOT December corn CU25 was down 6-3/4 cents to $4.02-1/2 per bushel.

SOYBEANS - Down 8 to 10 cents per bushel

  • CBOT soybeans eased as steady U.S. crop conditions along with a higher-than-anticipated quarterly estimate of U.S. stocks also maintained supply pressure.

  • The USDA in its quarterly stocks and acreage report pegged U.S. June 1 stockpiles of soybeans above average analyst expectations, though traders did not see significant changes.

  • The USDA rated 66% of the nation's soybean crop in good-to-excellent condition, unchanged from the previous week and in line with expectations.

  • CBOT November soybeans SX25 were last down 9-3/4 cents to $10.17-1/4 per bushel.

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