CBOT Trends-Wheat down 8-11 cents, corn down 7-8, soy down 24-31

- 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 Thursday:


NOTE: CBOT May futures contracts expire on Thursday at 12:01 p.m. CDT (1701 GMT).

WHEAT - Down 8 to 11 cents per bushel

  • CBOT wheat Wv1 futures fell following a surge earlier in the week on an unexpectedly low U.S. Department of Agriculture crop forecast.

  • Crop scouts on the second day of an annual three-day tour of Kansas projected an average yield for hard red winter wheat in the southwestern portion of the state at 39.3 bushels per acre (bpa), down from 53.3 bpa in 2025.

  • In the U.S. Southern Plains, dryness persists this week for about half of the winter wheat crop, with temperatures rising to the 90 degree Fahrenheit range, Commodity Weather Group said.

  • The USDA reported net weekly wheat export sales in the current marketing year at 133,500 metric tons.

  • CBOT July soft red winter wheat WN26 was last down 8-3/4 cents at $6.66-3.4 a bushel. K.C. July hard red winter wheat KWN26 was last down 10-3/4 cents at $7.14 a bushel, and Minneapolis July spring wheat MWEN26 was down 4-1/4 cents at $7.15-1/2 a bushel.

CORN - Down 7 to 8 cents per bushel

  • CBOT corn futures fell, with traders watching potential deals for China to purchase additional U.S. agricultural goods as the leaders of both countries hold talks at a high-stakes summit in Beijing.

  • U.S. President Donald Trump heads into a series of meetings with China's Xi Jinping, aiming to secure economic wins and maintain a fragile trade truce.

  • The USDA reported weekly corn export sales for the current marketing year at 684,800 metric tons.

  • CBOT July corn CN26 was last down 8 cents at $4.72-3/4 per bushel.

SOYBEANS - Down 24 to 31 cents per bushel

  • Soybean futures plummeted as attention has turned toward the U.S.-China summit, where agricultural trade is on the agenda.

  • Traders have said China is unlikely to make major new soybean purchases beyond an existing commitment to buy 25 million metric tons of the oilseeds.

  • U.S. Treasury Secretary Scott Bessent said in a CNBC interview on Thursday the existing ​purchase commitment by China means "soybeans are all taken ‌care of", tempering expectations for a higher buying target from China.

  • Brazil's soybean crop is expected to reach a record 180.1 million metric tons in 2025/26, national crop agency Conab said on Thursday, lifting its estimate from the 179.15 million tons forecast in April.

  • The USDA reported weekly soybean export sales in the current marketing year at 102,100 metric tons.

  • CBOT July soybeans SN26 were last down 30-1/2 cents at $11.98-1/2 per bushel.