Wheat down 1-2 cents, corn down 1-2, soybeans up 2-4
The following are U.S. expectations for the resumption of grain and soy complex trading on Wednesday.
WHEAT - Down 1 to 2 cents per bushel
Wheat futures hovered near five-year lows, with ongoing harvests in the Northern Hemisphere adding pressure.
Wheat crops from central Russia are reaching ports, easing concerns about availability after poor early harvest results in southern Russia, according to traders.
Recent rainfall has boosted the outlook for harvests in Canada, Australia and Argentina, traders said.
CBOT September soft red winter wheat (WU25) was last down 2 cents at $5.06-1/4 per bushel. K.C. September hard red winter wheat (KWU25) was last down 1 cent at $5.03-1/2 per bushel. Minneapolis September wheat (MWEU25) traded flat at $5.70-1/4 a bushel.
CORN - Down 1 to 2 cents per bushel
Corn futures hit contract lows as ample global supply weighed on markets.
The U.S. Department of Agriculture issued condition ratings on Monday that showed U.S. corn conditions were at their highest in nine years, reinforcing the prospect of a bumper U.S. harvest as crops emerge from the crucial pollination period.
South Korea's Major Feedmill Group has purchased about 68,000 metric tons of animal feed corn in an international tender on Wednesday seeking up to 140,000 tons sourced only from South America or South Africa, European traders said.
CBOT December corn (CU25) fell 1-1/2 cents to $4.00-1/2 per bushel.
SOYBEANS - Up 2 to 4 cents per bushel
Soybean futures ticked up with help from a crude oil bounce and larger-than-expected export inspections on Monday.
Oil prices rebounded from the previous session's five-week low on Wednesday, as traders focused on U.S. President Donald Trump threatening India with higher tariffs over its Russian crude purchases and a larger-than-expected U.S. crude draw.
Crude oil influences crops like soybean oil used for biofuel.
Chinese crushers sold nearly 2 million metric tons of soymeal to local feed mills on Tuesday, the biggest single-day sale of 2025, as attractive prices and concerns over Washington-Beijing trade tensions fueled soybean supply fears, traders and analysts said.
The USDA reported export inspections of soybeans in the week ended July 31 at 612,539 metric tons, above trade expectations for 250,000 to 460,000 metric tons.
CBOT November soybeans (SX25) were last up 2-3/4 cents at $9.93-1/2 per bushel.
