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CBOT Trends-Wheat down 1-3 cents, corn up 2-6, soybeans up 6-10

ReutersJul 16, 2025 1:24 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 - Down 1 to 3 cents per bushel

  • Wheat futures ease on ample global supplies and sluggish demand.

  • Russian agricultural consultancy Sovecon raised its wheat crop forecast to 83.6 million tons from 83.0 million previously.

  • Farm office FranceAgriMer on Wednesday forecast that French soft wheat exports outside the EU in the 2025/26 season could more than double from 2024/25.

  • CBOT September soft red winter wheat WU25 was last down 2 cents at $5.36 per bushel. K.C. September hard red winter wheat KWU25 was last 1 cent lower at $5.22-3/4 per bushel. Minneapolis September wheat MWEU25 was last down 1 cent at $6.02-1/4 a bushel.

CORN - Up 2 to 6 cents per bushel

  • Corn higher for a third straight session, supported by short covering after most contracts hit lifetime lows this week. Good U.S. crop conditions and favourable Midwest crop weather capped gains.

  • CBOT December corn CU25 was last 5 cents higher at $4.24-3/4 per bushel.

SOYBEANS - Up 6 to 10 cents per bushel

  • Soybeans higher on short covering and hopes for better demand after the U.S. announced a trade deal with major importer Indonesia. Good U.S. crop conditions and favourable Midwest crop weather capped gains.

  • Indonesia and the U.S. reached a trade deal that led to a reduction of proposed tariff rates to 19% from 32%. U.S. President Donald Trump said Indonesia, a top-five U.S. soybean importer, had committed to purchasing $4.5 billion in U.S. agricultural products.

  • The U.S. Department of Agriculture confirmed private export sales of 120,000 metric tons of U.S. soybeans to undisclosed destinations for shipment in the 2025/26 marketing year.

  • CBOT November soybeans SX25 were last 9-3/4 cents higher at $10.11-1/2 per bushel.

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