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. CST (1430 GMT) on Monday.
NOTE: The US Commodity Futures Trading Commission is scheduled to release its weekly Commitments of Traders report at 2:30 p.m. CST (2030 GMT).
Wednesday is first notice day for deliveries against CBOT December futures.
WHEAT - Down 3 to 5 cents per bushel Heading lower for a fourth consecutive session on technical selling and plentiful US and global wheat inventories. Strong dollar adds pressure, making US wheat less competitive on the world market.
CBOT December wheat dipped to $3.90 per bushel ahead of the break in trade, its lowest since Sept. 30.
Russian wheat export prices rose for the 10th week in a row last week supported by strong demand for cereals with high protein content, an agricultural consultancy said.
CBOT December soft red winter wheat last down 4-3/4 cents at $3.91 per bushel; K.C. December hard red winter wheat down 3/4 cent at $4.10-1/2; MGEX December spring wheat last up 1 cent at $5.35-1/4.
CORN - Steady to down 1 cent per bushel Lower in a technical setback after the spot December contract reached a 2-1/2 week high in early moves at $3.53 per bushel. Additional pressure from plentiful US and global feed grain supplies and a strong dollar.
CBOT December corn last down 1 cent at $3.48-1/4 per bushel.
SOYBEANS - Up 9 to 10 cents per bushel Heading higher for a seventh straight session on a mix of speculative and technical buying, and export demand for US soybeans.
The CBOT January soybean contract reached $10.65 overnight, its highest since July.
Soyoil led the advances in the soy complex, with most months other than spot December hitting contract highs.
Open interest in CBOT soybeans continued to climb on Friday, leaving the market vulnerable to long liquidation.
Malaysian palm futures rose for a sixth straight session, helped by tight supplies and price forecasts by leading analysts at an industry conference on Friday.
CBOT January soybeans last up 9-1/4 cents at $10.55-1/4 per bushel.
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