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CBOT Trends-Soy down 6-8 cents, wheat down 2-4 cents, corn flat-up 2 cents

ReutersApr 15, 2025 1:23 PM

- 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 Tuesday.

WHEAT - Down 2 to 4 cents

* CBOT wheat continued to sag after the most-active contract Wv1 on Friday hit the highest level since March 24.

* Traders eyeing forecasts for improved rain in dry wheat-growing areas of the Plains.

* They are also waiting for more news on U.S. President Donald Trump's trade policies.

* CBOT May soft red winter wheat WK25 was last down 3-1/4 cents at $5.44-1/4 per bushel. K.C. May hard red winter wheat KWK25 was last down 5-1/2 cents at $5.49-3/4 a bushel, while Minneapolis May spring wheat MWEK25 was last down 2-1/4 cents at $6.02-1/2 a bushel.

CORN - Flat to up 2 cents

* Corn futures Cv1 reached their highest level since February 27 as strong U.S. exports continue to support the market, analysts said.

* Exporters struck deals to sell 110,000 metric tons of U.S. corn to Portugal for 2024-25 delivery, the U.S. Department of Agriculture said in a daily reporting system.

* The USDA said on Monday that 4% of the nation's crop was seeded, below analysts' estimates for 6%.

* Rains this weekend are expected to limit field work, including in the parts of the Delta and Ohio Valley regions, Commodity Weather Group said.

* U.S. farmers are expected to expand plantings of sorghum this spring, although the U.S.-China trade war has slowed export sales. Sorghum is used to make ethanol or livestock feed in the U.S., similar to corn.

* CBOT May corn CK25 was last up 1/2 cent at $4.85-1/2 per bushel.

SOYBEANS - Down 6 to 8 cents per bushel

* CBOT soybeans Sv1 pulled back after hitting a seven-week high on Monday.

* Trump's trade war with Beijing has accelerated China's shift toward Brazilian soybeans.

* The National Oilseed Processors Association is expected to report on Tuesday that the U.S. soybean crush increased in March to the highest-ever level for that month.

* The USDA said on Monday that 2% of the nation's soybean crop was planted.

* CBOT May soybeans SK25 were last down 7-1/2 cents at$10.34-1/4 per bushel.

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