CBOT Trends-Wheat down 2-4 cents, corn down 2-6, soybeans down 5-8

CHICAGO, May 20 (Reuters) - 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 Wednesday:

WHEAT - Down 2 to 4 cents per bushel

  • CBOT wheat futures eased on profit-taking after two sessions of gains and spillover pressure from lower corn and soybeans. Worries about a drought-reduced U.S. Plains crop limited losses.

  • CBOT July soft red winter wheat WN26 was last down 2-1/2 cents at $6.64-3/4 a bushel. K.C. July hard red winter wheat KWN26 was last down 3-1/4 cents at $7.00-1/2 a bushel, while Minneapolis July spring wheat MWEN26 was down 1/4 cent at $6.96-1/4 a bushel.

CORN - Down 2 to 6 cents per bushel

  • Corn futures were lower on technical selling and profit-taking following early-week gains sparked by hopes that China would increase U.S. grain purchases. Generally favorable U.S. crop weather also weighed on prices.

  • China and the U.S. have agreed to cut tariffs on agricultural trade as part of a broader trade deal, the Ministry of Commerce said on Wednesday. But Beijing has not confirmed key details about purchase commitments.

  • CBOT July corn CN26 was last down 5-1/2 cents at $4.69-3/4 per bushel.

SOYBEANS - Down 5 to 8 cents per bushel

  • Soybean futures fell on profit-taking following gains earlier in the week after the White House said China would boost U.S. agricultural purchases. Mostly favorable U.S. crop weather further weighed on the market.

  • China's Ministry of Commerce said Beijing and Washington agreed to cut tariffs on agricultural trade as part of a broader trade deal. But it has not confirmed key details about purchase commitments.

  • China's soybean imports from the U.S. in April more than doubled from a year earlier, as cargoes booked after Beijing resumed purchases late last year gradually arrived at Chinese ports.

  • Brazil's final soybean stocks are set to reach their highest level in nine years in 2026 after a bumper crop estimated at a record 180.13 million metric tons, crushers group Abiove said on Wednesday.

  • CBOT July soybeans SN26 were last 6-1/2 cents lower at $12.03 per bushel.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.