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2026-05-22 21:25:42
[CBOT Agricultural Outlook: Wheat Holds Steady to Slightly Lower, Corn and Soybeans Supported by Short Covering] ⑴ Chicago Board of Trade (CBOT) trading expectations on Friday showed wheat futures flat to down 3 cents per bushel, as traders adjusted positions ahead of the long weekend, but concerns about drought-induced crop losses in the U.S. Great Plains limited the decline. CBOT July soft red winter wheat was last down 0.25 cents at $6.4725. ⑵ Corn futures held steady to up 2 cents per bushel, strengthening after three consecutive days of declines, supported by short covering and pre-holiday positioning. Strong export sales data also provided support, with the U.S. Department of Agriculture confirming sales of 493,700 tons of corn to Mexico and 110,000 tons to unknown destinations. Generally favorable crop weather in the U.S. Midwest limited gains, with CBOT July corn last up 0.75 cents at $4.63. ⑶ Soybean futures rose 2 to 5 cents per bushel, their first gain in four trading days, supported by short covering and pre-holiday positioning. The U.S. Department of Agriculture confirmed on Friday the sale of 252,000 tons of U.S. soybean meal to an unknown destination. CBOT July soybeans were last up 4.25 cents at $11.9825. Generally favorable crop weather in the U.S. Midwest limited soybean gains.
