CHICAGO: Following are US trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Friday.
WHEAT - Up 1 to 3 cents per bushel Mostly higher on short-covering ahead of the weekend and worries about the size of Europe's crop.
France's farm ministry cut its yield estimate for this year's soft wheat harvest to a 30-year low on Friday, confirming market concerns that adverse spring weather has ravaged crops in the European Union's biggest grain grower.
South Korea has not detected any genetically modified wheat in tests on imports of wheat and flour from Washington state, after the discovery of unapproved GM wheat in the US state prompted Japan and South Korea to suspend certain US imports.
CBOT September soft red winter wheat last up 3-1/2 cents at $4.06-3/4 per bushel; K.C. September hard red winter wheat up 1-1/2 cents at $4.07-1/4; MGEX September spring wheat last traded unchanged at $4.88-3/4.
CORN - Up 1 to 2 cents per bushel Heading higher on technical buying including short-covering ahead of the weekend, and spillover support from soybeans and wheat. Rally limited by mostly favorable weather in the US Midwest that is bolstering yield prospects.
Market awaits a monthly US production estimate from Informa Economics, expected later on Friday.
China's National Grain Trade Center reported sales of 249,934 tonnes of 2013 corn at auction of state reserves, out of a total 2,801,147 tonnes available.
CBOT December corn last up 1-1/2 cents at $3.32-1/2 per bushel.
SOYBEANS - Up 9 to 15 cents per bushel Higher on continued strong export demand for US soybeans. The USDA through its daily reporting system said private exporters sold 498,000 tonnes of US soybeans to China for 2016/17 delivery.
The announcement marked the eighth straight daily announcement of US soybean sales.
China's National Grain Trade Center reported sales of 101,726 tonnes of soybeans at auction of state reserves, out of a total of 602,270 tonnes available at auction.
Malaysian palm oil futures fell as a stronger ringgit currency hurt prices.
CBOT November soybeans last up 10-1/2 cents at $9.67-1/4 per bushel.
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