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GRAINS-Chicago corn and soybeans stuck at multi-month lows as weather weighs
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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

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