Soybeans dip on weather, corn rebounds slightly - CBOT
Traders await USDA data as fund selling weighs on grain
26 June 2025
2 minute read
By: Chicago soybean futures slipped on Thursday, weighed down by favourable weather in the US Midwest and selling pressure, Reuters reported.
Corn rebounded after four straight sessions of losses.
The most-active soybean contract eased 0.12% to $10.17-2/8 per bushel as of 0122 GMT, hovering near an 11-week low.
Corn rose 0.24% higher to $4.11-2/8 a bushel, though it remains near 2025 lows. Wheat traded flat at $5.44-4/8 a bushel.
Warm, rainy weather has created ideal growing weather for soybeans and corn in the US Midwest.
Selling pressure ahead of the first notice date for the July soybean, wheat and corn contracts added to the downside.
Corn and wheat also remain under pressure due to ample supply outlooks and favourable weather.
In Brazil, the National Energy Policy Council (CNPE) on Wednesday approved higher biofuel blending mandates, a move celebrated by renewable energy lobbies.
Agricultural consultancy Sovecon said on Wednesday it had slightly raised its forecast for Russian wheat production for 2025 to 83.0 million metric tons, citing improved crop conditions in parts of central Russia.
Traders are watching for the US Department of Agriculture's crop progress and quarterly stocks reports due Monday.
Commodity funds were net sellers of Chicago Board of Trade corn, soybeans, wheat and soymeal futures contracts on Wednesday, traders said. Traders were net buyers of soyoil contracts.
The dollar eased to a fresh 3-1/2-year low on the euro on Thursday as concerns about the future independence of the US Federal Reserve undermined faith in the soundness of the country's monetary policy.
