CBOT Trends-Wheat down 5-6 cents, soy down 4-6 cents, corn down 4-7 cents

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- 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 5 to 6 cents

  • CBOT wheat eased on an accelerating winter wheat harvest in the U.S. and forecasts for the Russian wheat harvest becoming more optimistic.

  • Argus Media has increased its forecast for Russia's 2025/26 wheat production by 4.5 million metric tons since March, projecting output to reach 84.8 million tons, now significantly higher than last year's harvest of 81.3 million tons.

  • Egypt has imported 4.9 million metric tons of wheat so far this year, the agriculture ministry said on Monday.

  • CBOT July soft red winter wheat WN25 was last down 5-3/4 cents at $5.62 per bushel. K.C. July hard red winter wheat KWN25 was last down 4-3/4 cents at $5.58-1/2 per bushel, and Minneapolis July spring wheat MWEN25 slipped 1-3/4 cents to $6.37 per bushel.

CORN - Down 4 to 7 cents

  • CBOT corn fell to 2025 lows on favorable weather in the U.S. Midwest.

  • A mix of heat and showers over the next 10 days is expected to benefit the U.S. crop, according to Commodity Weather Group.

  • Farmers in Brazil's key center-south region had harvested 13% of their 2025 second corn crop as of last Thursday, up from 5.2% the previous week but well below the 34% reported at the same time last year, agribusiness consultancy AgRural said on Monday.

  • CBOT July corn CN25 last down 6-1/4 cents at $4.22-1/2 per bushel.

SOYBEANS - Down 4 to 6 cents

  • CBOT soybeans Sv1 reversed gains after soyoil prices followed crude oil higher on fears that U.S. strikes on Iranian nuclear facilities could lead to supply disruption.

  • Soyoil is closely connected to crude prices because it is used in biofuel as a substitute for fossil fuel.

  • Oil prices touched a five-month high before falling back on Monday as oil and gas transit continued on tankers from the Middle East after U.S. airstrikes against Iran.

  • In the world's biggest buyer China, soybean imports from Brazil surged 37.5% last month from a year earlier, data showed on Friday, as buyers scooped up South America's bumper crop. Supplies from the United States also rose 28.3%.

  • CBOT July soybeans SN25 were last down 4-1/2 cents at $10.63-1/2 per bushel.


(Reporting by Renee Hickman; Editing by Emelia Sithole-Matarise)

((renee.hickman@thomsonreuters.com))

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