Prices of Wheat decreased by 3-4 cents, Corn dropped by 2-4, and Soy witnessed a reduction of 2-8 cents.
CHICGO: Here's what to expect during the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Monday:
Wheat - Expect a drop of 3 to 4 cents per bushel
Wheat is predicted to take a hit due to optimistic reports from the USDA regarding the health of American crops and planting progress, due later today. Plus, Russia's April wheat, barley, and maize (corn) exports might reach 2.3 million metric tons, a significant increase from 1.9 million tons in March as estimated by Sovecon agricultural consultancy. The Taiwan Flour Millers' Association is keen on purchasing a whopping 99,200 metric tons of grade 1 milling wheat from the U.S., as per European traders.
As of now, CBOT July soft red winter wheat's price stands at $5.39-3/4 per bushel, a decrease of 3-1/4 cents. Meanwhile, K.C. July hard red winter wheat and Minneapolis July spring wheat are currently at $5.35-3/4 a bushel and $6.13-1/4 a bushel, respectively, with K.C. seeing a fall of 5-1/2 cents and Minneapolis experiencing a rise of 2-1/4 cents.
FYI: Last week, Russian wheat prices dipped as the new crop hit the market
Corn - Anticipate a fall of 2 to 4 cents per bushel
Corn prices are predicted to slide due to favorable USDA crop progress reports and minimal weather threats, analysts speculate. Additionally, South Korea's Major Feedmill Group (MFG) has been in the market for around 65,000 to 70,000 metric tons of animal feed corn in a recent private deal without issuing an international tender, as reported by European traders.
Currently, CBOT July corn is trading at $4.65-1/2 per bushel, a decrease of 3-1/2 cents.
Soybeans - Brace for a drop of 2 to 8 cents per bushel
Soybean futures are likely to diminish as traders await updates on potential U.S.-China trade discussions, analysts suggest. The Trump administration has recently proposed reforming federal budget allocation, which could potentially slash spending on projects such as renewable energy, affecting biofuels produced with vegetable oils and, in turn, soybean demand.
At the moment, CBOT July soybeans are down 4-1/4 cents at $10.53-3/4 per bushel.
Quick figure: Since the beginning of the year, soybean prices have increased approximately 5.93% to 6.27%[1][3]
In recent times, soybean prices have demonstrated a strong upward trend in 2025, with a gain of about 6%. On May 12, 2025, soybean prices were hovering around 1061.91 cents per bushel, reflecting a slight rise on that day and futures contracts for May, July, and August 2025 typically trading slightly higher at around 1046 to 1054 cents per bushel[1][3]. Experts predict soybeans to trade around 1027.71 cents per bushel by the end of the current quarter but expect a slight decline to 980.32 cents over the next 12 months[1].
Wheat and corn, on the other hand, have shown less favorable trends of late, with wheat prices experiencing a 7.73% year-to-date downturn and a more significant drop over the last year, pressure from export uncertainties and weather concerns contributing to this negative sentiment. Wheat futures for May 2025 are currently at $5.05 per bushel, with a slight dip[1][4]. Corn prices have displayed initial resistance but have generally weakened recently, currently trading at $4.49¼ per bushel as of early May 2025[4].
Optimism exists with soybeans thanks to better-than-average planting progress reported by USDA, improved trade talks with China, and an overall bullish stance in the market. Conversely, uncertainty persists with wheat and corn due to export uncertainties, weather hazards, andsofter demand signals such as lower ethanol production[4]. Traders are keeping a close eye on USDA reports, China-U.S. trade developments, and any geopolitical factors affecting Russian grain exports to gauge near-term price movements in the grain and soy complex.
The trader's focus on the grain and soy complex industry might lead to a decrease in the price of wheat by 3 to 4 cents per bushel, as optimistic reports about American crops and planting progress might dampen the demand. Similarly, corn prices are predicted to fall by 2 to 4 cents per bushel due to favorable USDA crop progress reports and minimal weather threats. Meanwhile, the finite-term trading strategy in the finance industry suggests bracing for a possible drop of 2 to 8 cents per bushel for soybeans, as traders anticipate updates on potential U.S.-China trade discussions.
