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CBOT Trends-Wheat and corn down 1-2 cents, soybeans down 1-3 cents

ReutersSep 9, 2025 1:28 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 1 to 2 cents per bushel

  • CBOT wheat Wv1 futures declined in early moves but the benchmark December contract WZ25 stayed above a life-of-contract low set last week. Adequate world grain supplies hung over the market.

  • Statistics Canada reported Canada's all-wheat stocks as of July 31 at 4.1 million metric tons, down 22% from a year earlier and below an average of analyst estimates for 4.42 million tons.

  • The U.S. Department of Agriculture on Monday said the U.S. spring wheat harvest was 85% complete, near the five-year average of 84%, while the winter wheat crop was 5% planted.

  • CBOT December soft red winter wheat WZ25 was last down 2-1/4 cents at $5.21-1/2 per bushel. K.C. December hard red winter wheat KWZ25 was down 3-1/2 cents at $5.13-3/4 per bushel, and Minneapolis December wheat MWEZ25 was down 2-1/2 cents at $5.74-1/4 a bushel.

CORN - Down 1 to 2 cents per bushel

  • CBOT corn Cv1 drifted lower in early moves as market players await updated U.S. crop estimates in the USDA's monthly supply-demand reports on Friday.

  • Analysts surveyed by Reuters on average expect the USDA to lower its U.S. 2025 corn yield and production forecasts, but the crop would still be the largest on record.

  • The USDA on Monday rated 68% of the U.S. corn crop in good to excellent condition, down one point from a week earlier but the highest for this time of year since 2018.

  • CBOT December corn CZ25 was last down 2 cents at $4.19-3/4 per bushel.

SOYBEANS - Down 1 to 3 cents a bushel

  • CBOT soybean futures were modestly lower in early moves at traders await updated U.S. yield and production estimates in Friday's monthly reports from the USDA.

  • Analysts surveyed by Reuters on average expect the USDA on Friday to lower its U.S. 2025 soybean yield and production forecasts.

  • In its weekly crop progress report on Monday, the USDA rated 64% of the soybean crop as good to excellent, down one point from a week earlier, while analysts on average had expected a two-point drop.

  • Statistics Canada reported Canada's canola stocks as of July 31 at 1.6 million metric tons, down 50.5% from a year earlier and below an average of analyst estimates for 2.27 million tons.

  • CBOT November soybeans SX25 were last down 1-3/4 cents at $10.32 per bushel.

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