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CBOT Trends-Wheat steady-down 3 cents, corn down 2-3, soy steady-down 4

ReutersJul 11, 2025 1:26 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.

Note: The U.S. Department of Agriculture is expected to release its monthly World Agricultural Supply and Demand Report at 11:00 a.m. CST.

WHEAT - Steady to down 3 cents per bushel

  • CBOT wheat ticked down as the U.S. dollar gained strength and traders positioned prior to the release of the USDA's monthly supply and demand report.

  • Ahead of the USDA's monthly supply-demand and crop production reports on Friday, analysts surveyed by Reuters on average expect the government to lower its estimate of U.S. 2025/26 wheat production. Only slight changes were seen for the USDA's forecasts of 2025/26 U.S. and global wheat ending stocks.

  • European Union production of soft wheat, the bloc's main cereal crop, is expected to reach 123.4 million metric tons this year, a 9.6% increase from last year's poor harvest, farming association Copa Cogeca said on Friday.

  • CBOT September soft red winter wheat WU25 was last down 3 cents to $5.51-1/2 per bushel. K.C. September hard red winter wheat KWU25 was last down 5 cents to $5.29-3/4 per bushel. Minneapolis September wheat MWEU25 was last down 2-3/4 cents to $6.29 a bushel.

CORN - Down 2 to 3 cents per bushel

  • CBOT corn eased on favorable crop conditions and a firming dollar ahead of the USDA's supply/demand report.

  • A favorable mild, showery pattern is expected to aid corn pollination in the U.S. Midwest, according to forecaster Commodity Weather Group.

  • Ahead of Friday's monthly USDA supply/demand reports, analysts surveyed by Reuters on average expected the government to lower its forecasts of U.S. corn inventories remaining at the end of the 2024/25 and 2025/26 marketing years.

  • CBOT December corn CU25 was last down 2-1/4 cents to $4.14-1/4 per bushel.

SOYBEANS - Steady to down 4 cents per bushel

  • CBOT soybean futures Chicago dipped on favorable weather in the U.S. Midwest growing region as investors awaited the results of the USDA's monthly supply/demand report.

  • Ahead of Friday's monthly USDA supply/demand reports, analysts surveyed by Reuters on average expected the government to raise its forecasts of U.S. soybean inventories remaining at the end of the 2024/25 and 2025/26 marketing years.

  • Brazilian government crop supply agency Conab estimated the country's 2024/25 soybean harvest at 169.5 million tons, compared with its month-ago estimate of 169.60 million

  • CBOT November soybeans SX25 were last down 3-1/4 cents to $10.10-1/2 per bushel.

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