Grains remain under pressure in Chicago

Published 2025년 2월 27일

Tridge summary

Wheat and corn prices in the US are under pressure due to relaxed weather concerns and potential customs duties on imports from Mexico and Canada. The market is also adjusting ahead of the USDA Outlook Forum, where 2025 US surface area and stock estimates will be provided, with expectations of a increase in US corn surface areas which could decrease soybean plantings. Additionally, favorable rains in Argentina and the progress of the Brazilian soybean harvests are also impacting US quotations. At the Chicago close, SRW wheat for May 2025 delivery was down $8.0 cents/bu at $5.8/bu, corn for May 2025 delivery eased $0.75 cents/bu to $4.93/bu, and soybeans for May 2025 delivery were down $7.5 cents/bu at $10.41/bu.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The US market remained under significant pressure this Wednesday evening in Chicago. Wheat prices are notably locked in their downward spiral after the easing of fears regarding weather conditions in the Northern Hemisphere. Corn prices are also being battered by the return of discussions around 25% customs duties on imports from Mexico and Canada, which could finally be applied as early as next week, after the one-month postponement granted by Donald Trump in early February. The market is also adjusting its positions ahead of the USDA Outlook Forum which will begin this Thursday, and during which the 2025 US surface area and stock estimates will be delivered. The consensus anticipates in particular a significant increase in US corn surface areas, to the detriment of soybean plantings. The return of favorable rains in Argentina, as well as the rapid progress of the Brazilian ...

Source: TerreNet