Chicago wheat futures saw minor losses across the board, with the front-month September 2025 contract down just half a cent at $5.23 1/4 per bushel. Losses widened slightly in later months, with December 2025 falling 1 3/4 cents and July 2026 easing 2 1/4 cents to finish at $5.80. Overall, the wheat market lacked fresh bullish drivers, keeping prices on a gentle downward trend.
Corn, meanwhile, found modest support. September 2025 corn rose by 2 1/4 cents to close at $3.94, and most contracts through July 2026 posted small gains. The strength likely reflects steady demand interest and cautious optimism about yield potential. However, weakness crept back in for deferred contracts, with September and December 2026 edging lower.
Soybeans, on the other hand, extended their recent slide. Losses ranged from 4 1/4 to 7 cents across all active months. The front end was hit harder, with August and September 2025 down by 6 and 6 1/4 cents, respectively. Weaker export demand and seasonally improving U.S. crop conditions weighed on sentiment, dragging futures lower.
In short, the day brought mixed results: wheat and soybeans slipped on lackluster demand and favorable weather, while corn saw slight gains thanks to better near-term fundamentals.
