CBOT Trends-Wheat down 4-6 cents, corn down 2-4 cents, soy up 2-4 cents

- 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 - Down 4 to 6 cents per bushel

  • Wheat prices pulled back as trading resumed after a holiday weekend in the U.S.

  • Recent strength in the dollar hung over the market because it makes U.S. crops less attractive to importers.

  • Heat threatened wheat and corn crops in the EU, while commodity firm Argus increased its forecast for Ukraine's 2026/27 wheat harvest.

  • Prices of Russian wheat exports fell last week on expectations that the new harvest would flood the market, analysts said.

  • CBOT July soft red winter wheat WN26 was last down 5-1/4 cents at $6.00-1/2 a bushel. K.C. July hard red winter wheat KWN26 was last down 7-1/4 cents at $6.36-3/4 a bushel and Minneapolis July spring wheat MWEN26 was down 4-1/4 cents to $6.18-3/4 a bushel.

CORN - Down 2 to 4 cents per bushel

  • Corn futures eased after rising last week.

  • Grain traders kept an eye on falling oil prices because corn and soybeans are used as feedstocks for biofuel.

  • The U.S. corn crop appears to be in generally good shape, traders said.

  • The U.S. Department of Agriculture is slated to update weekly crop ratings for corn and soybeans after trading ends.

  • In Brazil, farmers in the center-south had harvested 16% of their 2026 second corn crop as of last Thursday, consultancy AgRural said.

  • CBOT July corn CN26 was last down 2-3/4 cents at $4.14-3/4 per bushel.

SOYBEANS - Up 2 to 4 cents per bushel

  • Soybean futures extended gains from last week, with support from strong soyoil prices.

  • Traders watched for more Chinese demand after the USDA confirmed last week that top importer China resumed buying U.S. soybeans.

  • In Brazil, the world's biggest exporter, industry group Abiove lifted its estimate for 2026 soybean crushing.

  • CBOT July soybeans SN26 were last up 3-1/2 cents at $11.26-1/4 per bushel.