financetom
World
financetom
/
World
/
GRAINS-Chicago corn and soybeans stuck at multi-month lows as weather weighs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
GRAINS-Chicago corn and soybeans stuck at multi-month lows as weather weighs
Jun 26, 2025 6:20 AM

(Updates with European trading, adds PARIS to dateline)

PARIS/BEIJING, June 26 (Reuters) - Chicago corn and

soybean futures hovered around multi-month lows on Thursday as

favourable U.S. weather and expectations of record Brazilian

crops maintained supply pressure.

Wheat fell for a fourth day as an advancing U.S. harvest and

rising expectations for Russian production also kept the focus

on ample global supply.

The most active corn contract on the Chicago Board of

Trade was unchanged on the day at $4.05 a bushel at 1233 GMT. It

earlier fell to its lowest since October at $4.02-1/4, in the

latest of a series of 2025 lows.

CBOT soybeans were up 0.15% at $10.20 per bushel after

earlier reaching their lowest since April 10 at $10.16. CBOT

wheat eased 0.55% to $5.41-1/2 a bushel.

"Warm, rainy weather in the U.S. Midwest (is) expected to

aid crop development for the recently planted corn and soy

crops," Saxo Bank said in a note, adding that wheat was facing

"a strong production outlook across the Northern Hemisphere,

where harvesting is under way."

Brazilian farmers will produce a record 123.3 million metric

tons in the second corn crop, agribusiness consultancy

Agroconsult forecast on Tuesday after surveying fields in key

producing regions nationwide. The country is already estimated

to have harvested a record soybean crop earlier this year.

One concern for the corn market was hot weather in Europe,

including in France, in the run-up to the crucial pollination

period for corn in July.

In wheat, consultancy IKAR said on Thursday it had raised

its 2025 Russian wheat production forecast to 84.5 million

metric tons from 83.8 million, joining other analysts in raising

their outlook for the upcoming crop.

Grain markets are also turning their attention towards the

U.S. Department of Agriculture's crop progress and quarterly

stocks reports due Monday.

Prices at 1233 GMT

Last Change Pct Move

CBOT wheat 541.50 -3.00 -0.55

CBOT corn 405.00 0.00 0.00

CBOT soy 1020.00 1.50 0.15

Paris wheat 195.00 -2.25 -1.14

Paris maize 194.25 -0.75 -0.38

Paris rapeseed 476.75 -2.50 -0.52

WTI crude oil 65.22 0.30 0.46

Euro/dlr 1.17 0.00 0.34

Most active contracts - Wheat, corn and

soy US cents/bushel, Paris futures in

euros per metric ton

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
DIARY-Europe's STOXX 600 corporate earnings week ahead
DIARY-Europe's STOXX 600 corporate earnings week ahead
Mar 22, 2024
March 22 (Reuters) - Diary of Europe's STOXX 600 (.STOXX) corporate earnings for the week ahead EUROPE'S STOXX 600 EARNINGS Company Event Name Start Date Start Time RIC Name (GMT) 25-Mar-2024 13:00 IMI.L IMI PLC IMI PLC Retail Investor Webinar 25-Mar-2024 07:00 KGF.L Kingfisher PLC Full Year 2024 Kingfisher PLC Earnings Release 26-Mar-2024 NTS HRA.MI Hera SpA Q4 2023 Hera...
European shares set for weekly gains; UK's Phoenix soars
European shares set for weekly gains; UK's Phoenix soars
Mar 22, 2024
* German business sentiment rises in March - Ifo * UK's Phoenix tops STOXX on upbeat outlook & results * Legal & General ( LGGNF ) up on shelving China business licence plan * STOXX 600 up 0.1% (Updated at 0918 GMT) By Shubham Batra March 22 (Reuters) - European shares were largely flat on Friday but maintained record highs...
MORNING BID AMERICAS-Dollar surges after central bank barrage, Apple bruised
MORNING BID AMERICAS-Dollar surges after central bank barrage, Apple bruised
Mar 22, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan The U.S. dollar seems to have emerged a clear winner from the week's magical mystery tour of world central banks - with record high Wall St and world stocks getting a shot across the bow from Apple's ( AAPL ) antitrust bust. A whistle stop look...
China yuan slides to four-month low, state banks step in
China yuan slides to four-month low, state banks step in
Mar 22, 2024
(Updates to market close) SHANGHAI, March 22 (Reuters) - China's yuan declined to a four-month low against the dollar on Friday, breaching a key threshold and prompting state-owned banks to step in to defend the currency. In the spot market, the onshore yuan fell to the weak side of the psychologically important 7.2 per dollar level to hit a low...
Copyright 2023-2026 - www.financetom.com All Rights Reserved