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Business Recorder
30-06-2025
- Business
- Business Recorder
Wheat, corn down 3-4 cents, soybeans up 2-4
CHICAGO: 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. NOTE: The U.S. Department of Agriculture's quarterly acreage and grains stocks reports will be released at 11 a.m. CT. Wheat - Down 3 to 4 cents per bushel CBOT wheat tipped lower on favorable supply prospects and ongoing harvests in the United States and key exporting countries. The International Grains Council raised its 2025-26 world wheat crop forecast by 2 million metric tons to 808 million on Thursday. The European Commission increased its forecast for the EU's soft wheat crop. Germany's farming association on Monday also forecast a larger grains crop for the country despite a spring drought. CBOT September soft red winter wheat was last down 3-1/4 cents to $5.37-1/2 per bushel. K.C. September hard red winter wheat was last down 2-1/2 cents to $5.31-1/4 per bushel, and Minneapolis September spring wheat was last down 3/4 cent to $6.23-1/4 per bushel. Corn eases on supply hopes, soybeans rise ahead of US reports Corn - Down 3 to 4 cents per bushel CBOT corn fell on expectations of ample global supplies. Warm weather and favorable rains have created ideal growing conditions for soybeans and corn in the U.S. Midwest, while farmers in Brazil are expected to harvest a bumper second corn crop. CBOT December corn was down 3-1/4 cents at $4.08-1/4 per bushel. Soybeans - Up 2 to 4 cents per bushel CBOT soybeans edged higher on strengthening soyoil prices as well as positioning ahead of the U.S. Department of Agriculture acreage, stock and crop progress reports due later on Monday. The dollar remained on the back foot, hovering near its lowest level in 3-1/2 years. A lower dollar makes U.S. goods more competitive in the global market. Ideal growing weather in the U.S. Midwest continues to add pressure to soy futures. U.S. exporters sold 204,000 metric tons of soybean meal to unknown destinations for 2025/26 delivery. CBOT November soybeans were last up 6 cents to $10.30-3/4 per bushel.
Zawya
30-06-2025
- Business
- Zawya
Corn eases on supply hopes, soybeans rise ahead of US reports
Chicago corn fell on Monday, trading close to last week's eight-month low, and wheat was also down with both pressured by expectations of ample global supplies. Soybeans edged higher in positioning ahead of the U.S. Department of Agriculture acreage, stock and crop progress reports due later on Monday. "The supply picture is pretty bearish for grains, and we don't see much upside in prices," said one trader in Singapore. Chicago Board of Trade most-active corn fell 0.6% to $4.09 a bushel at 1006 GMT, close to Thursday's eight-month low of $4.02-1/4. Wheat fell 0.4% to $5.38-1/4 a bushel. Soybeans , which hit their lowest in around three months on Friday, rose 0.3% to $10.28-1/4 a bushel. Favourable supply prospects in the United States and key exporting countries are undermining prices ahead of the USDA reports. "Markets are likely to be volatile today with the USDA giving a big volume of important data to digest including U.S. inventories and estimates of U.S. sowings of corn, soybeans and wheat," one German trader said. Warm weather and favourable rains have created ideal growing conditions for soybeans and corn in the U.S. Midwest, while farmers in Brazil are expected to harvest a bumper second corn crop. The International Grains Council raised its 2025-26 world wheat crop forecast by 2 million metric tons to 808 million on Thursday. The European Commission increased its forecast for the EU's soft wheat crop. Germany's farming association on Monday also forecast a larger grains crop for the country despite a spring drought. Canadian farmers this year planted more crops including wheat, soybeans and corn, Statistics Canada said on Friday. India's annual monsoon rains covered the entire country on Sunday, nine days earlier than is typical, the weather department said, bringing forward planting of summer-sown crops. (Reporting by Michael Hogan in Hamburg and Naveen Thukral in Singapore; Editing by Sumana Nandy, Harikrishnan Nair and Joe Bavier)
Yahoo
28-06-2025
- Business
- Yahoo
Corn Bouncing on Friday AM Trade
Corn prices are showing 4 to 5 ¼ cent stronger trade on Friday morning. Futures closed out the Thursday session with contracts fractionally to 2 cents lower. Thursday's preliminary open interest was down 21,077 contracts overall, as 49,825 were leaving July ahead of Monday's first notice day. The rest of the board was up 28,748 overall. The front month CmdtyView national average Cash Corn price was down 1 1/4 cents at $3.86 1/4. Export Sales data from Thursday morning showed 741,226 MT of old crop corn sold in the week of June 19. That was the lowest since the first week of 2025, but still 36.7% above the same week last year. Colombia was the top buyer of 191,000 MT, with 178,900 MT sold to Japan. Sales for 2025/26 were 305,506 MT, a 6-week high. Mexico was the lead buyer of 138,500 MT, with 124,000 MT to unknown destinations. Coffee Prices Move Higher as the Dollar Falls Coffee Prices Rally as the Dollar Falls Cocoa Prices Jump as Ghana Cuts its Cocoa Production Forecast Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Brazil's corn crop estimate was raised by 1.3 MMT according to Datagro to 134 MMT, as the second crop was pegged at 108.5 MMT. The Buenos Aires Grains Exchange estimates the Argentina corn crop at 55% harvested. The International Grains Council trimmed their world production estimate by 1 MMT to 1.276 billion MT, with consumption up 1 MMT. Their carryout estimate for world corn was down 2 MMT to 282 MMT. Jul 25 Corn closed at $4.09 1/2, down 3/4 cent, currently up 4 3/4 cents Nearby Cash was $3.86 1/4, down 1 1/4 cents, Sep 25 Corn closed at $4.04, down 1 cent, currently up 5 1/4 cents Dec 25 Corn closed at $4.21, down 1 1/2 cents, currently up 5 cents New Crop Cash was $3.78, down 1 1/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Connectez-vous pour accéder à votre portefeuille
Yahoo
27-06-2025
- Business
- Yahoo
Corn Showing Slight Losses on Thursday
Corn futures are showing fractional to 2 cent losses across most front months on Thursday. The front month CmdtyView national average Cash Corn price is down 1/4 cents at $3.87. Export Sales data was released this morning, with USDA showing 741,226 MT of old crop corn sold in the week of June 19 in the middle of the trade ideas of between 0.5 and 1.2 MMT. That was the lowest since the first week of 2025, but still 36.7% above the same week last year. Colombia was the top buyer of 191,000 MT, with 178,900 MT sold to Japan. Sales for 2025/26 were near the top end of the 100,000 and 350,000 MT estimates at 305,506 MT, a 6-week high. Mexico was the lead buyer of 138,500 MT, with 124,000 MT to unknown destinations. Coffee Prices Extend 2-week Plunge as Frost Risks Recede in Brazil West African Cocoa Crop Optimism Weighs on Prices Sugar Prices Boosted by Strength in Crude Oil Prices Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. USDA will release their June Acreage report on Monday. Traders are looking for an average of 95.4 million acres planted this spring, which would be slightly below the March Intentions report. The range of estimates is a wide 93.8 to 96.8 million bushels. The International Grains Council trimmed their world production estimate by 1 MMT to 1.276 billion MT, with consumption up 1 MMT. Their carryout estimate for world corn was down 2 MMT to 282 MMT. Jul 25 Corn is at $4.09 3/4, down 1/2 cent, Nearby Cash is at $3.87, down 1/4 cent, Sep 25 Corn is at $4.04 1/4, down 3/4 cent, Dec 25 Corn is at $4.21 1/4, down 1 1/4 cents, New Crop Cash is at $3.78 1/4, down 1 cent, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Zawya
27-06-2025
- Business
- Zawya
Chicago soybeans set for second weekly loss on favourable weather, supplies
BEIJING - Chicago soybean futures were poised for a second consecutive weekly loss on Friday, pressured by favourable weather in the U.S. Midwest and abundant global supplies. The most-active soybean contract rose 0.02% to $10.17 per bushel as of 0226 GMT, but remained near an 11-week low. Warm weather and rains have created ideal growing conditions for soybeans and corn in the U.S. Midwest. Weather forecaster Vaisala projects widespread rainfall this week, which will likely improve soil moisture further. In Argentina, soybean sales doubled in the first 18 days of June to 4.71 million tons from a year earlier as farmers raced to close deals before a planned hike in export taxes on July 1, official data analysed by Reuters and industry sources showed. Additionally, selling pressure ahead of the first notice date for July soybean, wheat and corn contracts weighed on the market. Wheat and corn were on track for weekly losses amid strong crop production outlooks and ideal growing conditions. Wheat rose 0.47% to $5.39 a bushel, while corn gained 0.5% to $4.06 a bushel, but hovered near an eight-month low. On Thursday, the International Grains Council (IGC) raised its 2025-26 world wheat crop outlook by 2 million tons to 808 million on Thursday. Meanwhile, last week's dry weather in most of Argentina boosted 2025-26 wheat planting, especially in key farm areas that had been struggling with excess moisture after heavy rains in May, the Buenos Aires grains exchange said. Traders are awaiting the USDA's crop progress and quarterly stock reports on June 30. Commodity funds were net sellers of Chicago Board of Trade wheat and soymeal futures contracts on Thursday, traders said. Traders were net buyers of soyoil contracts and were net even on corn and soybean futures.
