Wheat decreases by 3 cents, corn shows varied results, and soybeans drop by 5 cents.
As of early July 2025, the Chicago Board of Trade (CBOT) has seen stable to slightly declining prices for wheat, corn, and soybean futures. Here's a breakdown of the current market trends and key influencing factors for each crop.
## Wheat
Chicago wheat for September delivery closed at $5.4750 per bushel on July 9, after a slight overnight gain to $5.49½ and a previous drop to $5.51¾ bushel earlier in June. The price movement is influenced by a mix of factors, including crop health and harvest progress, supply expectations, technical trading, and export data.
Analysts attribute the recent decline in futures to improved outlooks for Russian wheat supply and less market urgency over U.S. crop health issues. However, the winter wheat condition remains a concern. The USDA is expected to release the WASDE report soon, which traders will closely watch for any production revisions.
## Corn
The December 2025 corn futures contract averaged $4.31 per bushel at the beginning of July, down from the projected crop insurance price of $4.70 per bushel. The current futures price suggests a harvest-time cash price of around $4.00 per bushel, with a market-year average cash price now estimated at $4.10 per bushel.
The recent price decline is partly due to lower perceived weather risk and improved crop outlooks compared to previous years. The latest crop progress reports revealed a slight decline in U.S. corn in good or excellent condition, but this was attributed more to timing than significant crop degradation. Overall supply expectations, including steady global production, are contributing to subdued price movements.
## Soybeans
November 2025 soybean futures fell to $10.37 per bushel recently, reflecting a slight decline. The price movement is influenced by technical factors and broader commodity market trends, as well as a stable supply outlook.
## Summary Table
| Crop | Chicago Futures (as of July 9, 2025) | Key Influencing Factors | |----------|---------------------------------------|------------------------------------------------| | Wheat | ~$5.47–5.49/bushel (Sep) | Russian supply, U.S. crop health, export data | | Corn | $4.31/bushel (Dec), $4.15 (Jul) | Crop conditions, weather, supply expectations | | Soybeans | $10.37/bushel (Nov) | Supply outlook, technical trading |
## Main Drivers
- **Global Supply**: Increased wheat from Russia and stable corn/soybean supply are pressuring prices. - **Crop Health/Weather**: Minor declines in crop condition reports, but no significant weather threats yet. - **USDA Reports**: Upcoming WASDE and export data are being closely watched for any production revisions. - **Market Sentiment**: Technical trading and less concern over supply disruptions are currently dominant factors.
In summary, wheat, corn, and soybean prices at the Chicago Board of Trade are currently stable to slightly declining, primarily due to improved global supply outlooks and reassuring crop health reports, with weather and USDA updates remaining key variables for future price direction.
Other notable developments include wetter weather in the Northern Plains offering a late moisture boost to spring wheat, and drier but mild weather in the U.S. Midwest expected to limit stress concerns for crops in the next few weeks. The resumption of grain and soy complex trading at the Chicago Board of Trade is scheduled for 8:30 a.m. CDT on Wednesday.
- The trader closely monitors the USDA's WASDE report for potential revisions in wheat production, as it could significantly impact the ongoing personal-finance discussions related to future investments in the agriculture market.
- Analysts in the finance industry are attributing the recent decline in corn futures to improved crop outlooks and less market urgency over weather-related concerns, which could lead to favorable conditions for long-term investing in the agricultural business sector.
- In the context of personal-finance management, understanding the main drivers impacting soybean prices, such as supply outlook, technical trading, and broader commodity market trends, can provide valuable insights for making informed decisions when investing in the finance market.
