Tuesday, May 20, 2025

Chicago grains retreat

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PARIS/CANBERRA- Chicago corn, wheat and soybean futures fell to near their recently-hit lows on Friday, pressured by favorable crop harvest conditions while traders awaited monthly government forecasts.

The most-active soybean contract on the Chicago Board of Trade (CBOT) edged 0.1 percent lower to $10.66-1/4 a bushel to a near four-year low hit on Thursday.

CBOT wheat was down 1.3 percent at $5.63-3/4 a bushel, near a three-month low struck on Wednesday, while CBOT corn slipped 0.7 percent to $4.07-3/4 a bushel to approach a near four-year low reached on June 28.

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Prices had steadied on Thursday, encouraged by a weaker dollar and chart support levels, but supply pressure persisted, analysts said.

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