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CBOT Trends-Wheat steady-down 3 cents, corn mixed, soy steady-down 5

ReutersJul 9, 2025 1:21 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 Wednesday.

WHEAT - Steady to down 3 cents per bushel

  • CBOT wheat ticked down as an advancing northern hemisphere harvest kept a lid on prices.

  • Consultancy Sovecon said on Tuesday it had raised its forecast for Russia's wheat exports for the 2025-2026 season by 2.1 million metric tons to 42.9 million tons, reflecting improved crop prospects and competitive prices.

  • Wetter weather in the Northern Plains is expected to offer a late moisture boost to spring wheat, according to forecaster Commodity Weather Group.

  • The lowest price offered in an international tender from Bangladesh's state grains buyer to purchase and import 50,000 metric tons of wheat on Wednesday was assessed at $268.90 a metric ton CIF liner out, European traders said.

  • CBOT September soft red winter wheat WU25 was last down 1-1/4 cents to $5.46-1/2 per bushel. K.C. September hard red winter wheat KWU25 was last down 2 cents to $5.20-1/2 per bushel. Minneapolis September wheat MWEU25 was last down 2-3/4 cents to $6.27 a bushel.

CORN - Up 1 to down 2 cents per bushel

  • CBOT corn was pressured by unfolding U.S. tariff policy announcements and favorable U.S. crop prospects.

  • U.S. President Donald Trump said late on Tuesday on Truth Social that "a minimum of seven" tariff notices would be released on Wednesday morning, and more in the afternoon.

  • Tariffs against goods from other countries can lead to retaliation against U.S. agricultural exports.

  • Drier but mild weather in the U.S. Midwest is expected to limit stress concerns for the crop in the next few weeks, according to Commodity Weather Group.

  • CBOT December corn CU25 was last down 2 cents to $4.12-1/4 per bushel.

SOYBEANS - Steady to down 5 cents per bushel

  • CBOT soybean futures Chicago fell for a third day as traders wrestled with U.S. tariff announcements and monitored favorable U.S. crop prospects.

  • Non-threatening weather is expected in the U.S. Midwest in the coming weeks, according to forecasters.

  • CBOT November soybeans SX25 were last down 4-1/2 cents to $10.13 per bushel.

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