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CBOT Trends-Wheat up 1-2 cents, corn down 2-3, soy down 6-7

ReutersJul 21, 2025 1:06 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 Monday.

WHEAT - Up 1 to 2 cents per bushel

  • Wheat futures firm on hopes that slow farmer selling of Russia's new crop could boost demand for the U.S. crop.

  • Industry players will be awaiting the results of a wheat quality tour of North Dakota this week.

  • CBOT September soft red winter wheat WU25 was last up 2-1/2 cents to $5.48-3/4 per bushel. K.C. September hard red winter wheat KWU25 was last 3 cents higher to $5.32 per bushel. Minneapolis September wheat MWEU25 was last up 1/4 cent to $5.95-3/4 a bushel.

CORN - Down 2 to 3 cents per bushel

  • Corn ticks lower on forecasts for crop-friendly rain in U.S. grain belts after worries that excessive heat would threaten U.S. crops.

  • The combination of heat and wet weather is creating a greenhouse-like effect, analysts said.

  • Brazil's total corn production is expected to hit 136.3 million metric tons in 2024/25, agribusiness consultancy AgRural said on Monday, raising its forecast from the 130.6 million tons projected in June.

  • CBOT December corn CU25 was last down 2-3/4 cents to $4.25 per bushel.

SOYBEANS - Down 6 to 7 cents per bushel

  • Soybeans fell on heavy rain in the U.S. Midwest over the weekend and expectations for more rains to come.

  • Weakening soyoil futures also added pressure to the soy complex.

  • Industry players are awaiting the results of the U.S. Department of Agriculture's weekly crop progress poll, which will be released after the market's close.

  • CBOT November soybeans SX25 were last 7 cents lower to $10.28-3/4 per bushel.

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