tradingkey.logo

CBOT Trends-Wheat down 3-5 cents, corn down 2-5, soybeans steady-down 2

ReutersJul 15, 2025 1:41 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 - Down 3 to 5 cents per bushel

  • Wheat futures are lower on U.S. winter crop harvest pressure and improved spring crop ratings in a weekly report on Monday. Forecasts for large global wheat crops and spillover pressure from lower corn and soybean prices also weighing on the market.

  • The U.S. Department of Agriculture said the U.S. winter wheat harvest was 63% complete as of Sunday, with farmers in top-producing state Kansas 93% finished.

  • The USDA also increased its spring wheat crop rating to 54% good to excellent, up 4 points from a week earlier. Analysts polled by Reuters expected no change.

  • France's farm ministry on Tuesday forecast the country's 2025 soft wheat production at 32.6 million metric tons, up 27% compared with last year's rain-hit harvest and in line with market expectations.

  • Russia's IKAR consultancy trimmed its 2025 wheat production and export forecasts, citing drought in southern Russia.

  • CBOT September soft red winter wheat WU25 was last down 3-1/4 cents at $5.38-1/4 per bushel. K.C. September hard red winter wheat KWU25 was last 2 cents lower at $5.21 per bushel. Minneapolis September wheat MWEU25 was last down 1/2 cent at $6.03-1/4 a bushel.

CORN - Down 2 to 5 cents per bushel

  • Corn retreats after a rally on Monday, weighed down by strong crop ratings and mostly favourable U.S. Midwest crop weather.

  • The USDA said 74% of U.S. corn was in good to excellent condition as of Sunday, unchanged from a week earlier but still the strongest mid-July corn crop rating since 2016.

  • CBOT December corn CU25 was last down 4-1/4 cents at $4.13-3/4 per bushel.

SOYBEANS - Steady to down 2 cents per bushel

  • Soybeans ease on stronger-than-expected crop conditions and favourable weather in much of the Midwest. Prices are also anchored by tariff worries.

  • The USDA said 70% of U.S. soybeans were in good to excellent condition as of Sunday, the strongest mid-July rating since 2016.

  • The National Oilseed Processors Association is due to release June soy crush data later on Tuesday. Analysts polled by Reuters expect the crush to hit a June record of 185.195 million bushels. Soyoil stocks remained unchanged from the prior month at 1.374 billion pounds.

  • CBOT November soybeans SX25 were last down 3/4 cent at $10.06-1/4 per bushel.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Tradingkey

Related Articles

Tradingkey
KeyAI