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CBOT Trends-Wheat up 1-2 cents, corn down 3-4, soy down 2-5

ReutersJul 22, 2025 1:08 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 - Up 1 to 2 cents per bushel

  • Wheat futures firmed slightly, though expectations of strong global supply continued to hang over the market.

  • Russia, the world's biggest wheat exporter, has trimmed its forecasts for the 2025 wheat harvest and for wheat exports in the 2025/26 marketing season, Agriculture Minister Oksana Lut told a government meeting on Tuesday.

  • The U.S. winter wheat harvest is speeding along, with the U.S. Department of Agriculture reporting 73% of the crop has been harvested, compared to 63% harvested in the previous week.

  • CBOT September soft red winter wheat WU25 was last up 1 cent to $5.43-1/4 per bushel. K.C. September hard red winter wheat KWU25 was last 2-3/4 cents higher to $5.28-1/2 per bushel. Minneapolis September wheat MWEU25 was last up 1/4 cent to $5.87-3/4 a bushel.

CORN - Down 3 to 4 cents per bushel

  • Corn futures ticked down following strong crop ratings released by the USDA and forecasts for crop-friendly rain in the U.S. Midwest.

  • The USDA rated 74% of the U.S. corn crop in good-to-excellent condition as of Sunday, the highest rating for this time of year since 2016 and unchanged from the previous week.

  • CBOT December corn CU25 was last down 4-1/4 cents to $4.18 per bushel.

SOYBEANS - Down 2 to 5 cents per bushel

  • Soybeans fell on beneficial crop weather in the U.S. Midwest as well as expectations of a plentiful global supply.

  • The USDA rated 68% of the soybean crop in good-excellent condition, down from 70% the previous week and below the average analyst estimate.

  • The USDA may have lowered soy condition ratings due to dryness in parts of the U.S. soy belt, analysts said.

  • CBOT November soybeans SX25 were last 2-3/4 cents lower to $10.23-1/4 per bushel.

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