Chicago grains lower on easing war worries, fair crop weather

Chicago soybean, corn and wheat futures fell on Tuesday as a proposed ceasefire between Israel and Iran eased war concerns while weather remained broadly favourable for U.S. crops. Oil prices tumbled on Tuesday after Donald Trump said a ceasefire has been agreed on between Iran and Israel, though the U.S. President later accused both sides of violating the accord. Iranian and Israeli media reported new Israeli airstrikes on Iran on Tuesday, despite U.S. President Donald Trump having said Israel had called them off at his command to preserve an hours-old ceasefire. The most active soybean contract slipped 0.6% to $10.40-1/2 per bushel by 1150 GMT. Soybean byproduct soyoil (BOv1), widely used in biofuel, was down 2.1% as it tracked crude oil more closely. CBOT corn eased 0.3% to $4.18 a bushel, after earlier setting a latest 2025 low at $4.16-1/4. CBOT wheat fell 1.5% to $5.60-3/4 a bushel. “Let’s see if the ceasefire is real. With no geopolitics, most grains and oilseeds should be ...