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 Wednesday.
NOTE: Friday is the last trading day for CBOT November options.
WHEAT - Down 4 to 5 cents per bushel Heading lower for a second session on plentiful US and global supplies and a lack of supportive news. Market underpinned by funds' massive net short position in CBOT wheat.
CBOT wheat delivery registrations fell by 33 contracts, leaving 429 contracts registered for delivery.
CBOT December soft red winter wheat last down 4-1/4 cents at $4.15-3/4 per bushel; K.C. December hard red winter wheat down 1-3/4 cents at $4.20; MGEX December spring wheat down 2-1/4 cents at $5.25-1/2.
CORN - Down 2 to 3 cents per bushel Market under pressure from the ongoing US harvest and rising domestic inventories. CBOT December corn has been unable to break through resistance at its 100-day moving average in the previous three sessions.
CBOT December corn last down 2-1/2 cents at $3.51-1/4 per bushel.
SOYBEANS - Mixed, up 1 cent per bushel to down 1 cent Pressure from the ongoing harvest and softening cash values on Tuesday at the US Gulf offset by support from export demand.
The USDA said private exporters sold 185,000 tonnes of US soybeans to unknown destinations for delivery in the 2016/17 marketing year.
Malaysian palm oil rose, tracking stronger performing rival soyoil, after a market correction on weaker exports pulled it down in early trade.
CBOT November soybeans last traded unchanged at $9.72-1/2 per bushel.
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