CHICAGO: Following are US trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Monday.
WHEAT - Up 1 to 3 cents per bushel Higher on short-covering and spillover strength from corn and soybeans. Ample global wheat supplies keep prices anchored.
Egypt's state grain buyer, the General Authority for Supply Commodities, canceled an international wheat tender it had announced on Sunday due to a lack of offers.
Russian wheat export prices fell for the fourth week amid a continued standoff between Moscow and Egypt, the world's largest buyer, after Cairo banned wheat with any ergot, a common grain fungus, analysts said.
CBOT December soft red winter wheat last up 3-1/4 cents at $4.06-1/2 per bushel; K.C. December hard red winter wheat up 2 cents at $4.19-1/4; MGEX December spring wheat up 2-1/4 cents at $4.95.
CORN - Up 1 to 2 cents per bushel Higher on follow-through technical buying after Friday's higher close and concerns about rains slowing the early harvest of a projected record-large US crop.
CBOT December corn traded in either side of its 50-day moving average near #3.38 overnight.
Traders eyeing chart resistance near the mid-August high of $3.44-1/4.
USDA said private exporters sold 191,000 tonnes of US corn to Mexico for 2016/17 delivery.
CBOT December corn last up 1-1/2 cents at $3.38-1/2 per bushel.
SOYBEANS - Up 8 to 11 cents per bushel Higher on chart-driven buying and concerns about rains slowing the start of the US harvest. CBOT November soybeans broke through chart resistance at its 200-day moving average near $9.70 in early moves.
The China National Grain and Oils Information Center expects China's soybean imports in 2016/17 crop year to reach 85 million tonnes, up from 83 million tonnes in 2015/16.
The USDA has projected China soy imports at 86 million tonnes, up from 82.5 million in 2015/16.
CBOT November soybeans last up 10-3/4 cents at $9.76-3/4 per bushel.
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