CBOT Trends-Wheat steady-down 3 cents, corn down 1-3, soybeans down 2-4

CHICAGO, June 8 (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 Monday.

WHEAT - Steady to down 3 cents per bushel

  • CBOT wheat futures lower for a seventh straight session as ample global wheat supplies and an accelerating U.S. winter crop harvest pressured prices.

  • Actively traded CBOT July wheat WN26 fell to its lowest point since March 4 during overnight trading but held technical chart support at its 200-day moving average.

  • Ukraine's APK-Inform agriculture consultancy said on Sunday it had increased the country's 2026 grain harvest forecast to 58.7 million metric tons from the previous estimate of 56.9 million tons mostly due to higher wheat output.

  • CBOT July soft red winter wheat WN26 was last down 1/2 cent at $5.79-1/2 a bushel. K.C. July hard red winter wheat KWN26 was last up 4-1/2 cents at $6.25-1/4 a bushel, while Minneapolis July spring wheat MWEN26 was 1/2 cent lower at $6.19 a bushel.

CORN - Down 1 to 3 cents per bushel

  • Corn futures lower for a seventh straight session as favourable U.S. Midwest crop weather boosted crop prospects. Losses limited by higher crude oil prices.

  • CBOT July CN26 and September CU26 corn both posted new contract lows during overnight trading. July touched the lowest level for a most-active contract Cv1 since October 15.

  • Rains are expected across much of the Midwest this week, aiding crop germination and early growth. The U.S. Department of Agriculture is due to issue its weekly crop progress and conditions report later on Monday.

  • Sinking corn prices have raised demand from global importers. The USDA confirmed private sales of 103,000 metric tons of U.S. corn to Japan.

  • CBOT July corn CN26 was last down 2 cents at $4.15-1/2 per bushel.

SOYBEANS - Down 2 to 4 cents per bushel

  • Soybean futures lower for a seventh straight session on favorable U.S. crop weather and a lack of large U.S. soybean purchases by China since the U.S.-China summit in mid-May.

  • Actively traded July soybeans SN26 hit a four-month low during overnight trading.

  • The USDA confirmed private sales of 264,000 metric tons of U.S. soybeans for shipment to undisclosed buyers in the 2026/27 marketing year that begins in September.

  • CBOT July soybeans SN26 were last down 3-1/4 cents at $11.18-1/4 per bushel.


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