SZAP(SZ:000061) Xin Hua Cai Jing·2025-05-12 23:26Group 1 - The core viewpoint of the news is that the Chicago futures market for corn, wheat, and soybeans experienced mixed price movements on May 12, with corn and wheat prices declining while soybean prices increased [1][2] Group 2 - The most active July corn contract closed at $4.48 per bushel, down 1.75 cents or 0.39% from the previous trading day [1] - The July wheat contract closed at $5.15 per bushel, down 6.5 cents or 1.25% from the previous trading day [1] - The July soybean contract closed at $10.71 per bushel, up 19.5 cents or 1.85% from the previous trading day [1] Group 3 - The USDA's May supply and demand report lowered the 2025/26 U.S. wheat export forecast by 20 million bushels to 800 million bushels, with ending stocks expected to be 923 million bushels, higher than market expectations [1][2] - The report raised the 2024/25 U.S. corn export forecast by 50 million bushels to 2.6 billion bushels and lowered the ending stocks to 1.415 billion bushels [1] - For 2025/26, U.S. corn exports are projected at 2.675 billion bushels, with a production estimate of 15.82 billion bushels [1] Group 4 - The report adjusted the 2024/25 U.S. soybean ending stocks down by 25 million bushels and raised the export forecast to 1.85 billion bushels [2] - For 2025/26, U.S. soybean ending stocks are expected to be 295 million bushels, lower than market expectations, with exports projected at 1.815 billion bushels [2] - The USDA also increased Brazil's corn production estimate for 2025 by 4 million tons to 130 million tons, while lowering the global corn ending stocks estimate by 10 million tons to 27.78 million tons [2]