CHICAGO: Following are US trade expectations for the resumption of the grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on Monday.
WHEAT - Up 1 to 3 cents per bushel Wheat firm on short-covering, led by gains in K.C. hard red winter wheat, amid bitter cold that could harm dormant wheat plants in US Plains and Midwest growing regions. * Twenty percent of US HRW wheat and 10 percent of soft red winter wheat was vulnerable due to frigid temperatures, agriculture meteorologists said late last week.
Jordan's state grain buyer has made no purchase in an international tender to buy up to 25,000 tonnes of milling wheat which closed on Monday, European traders said.
Commodity Futures Trading Commission data released on Friday showed speculative investors trimming their massive net short in CBOT wheat.
CBOT March soft red winter wheat last up 1-1/2 cents at $4.10-3/4 per bushel; K.C. March hard red winter wheat up 3 cents at $4.17-3/4; MGEX March spring wheat down 1-1/4 cents at $5.43.
CORN - Down 1 to 2 cents per bushel Corn weakened on chart-based selling and following comparatively bigger price declines in soybeans.
Rains expected this week in dry growing areas of Argentina further pressured prices.
The US Agriculture Department reported a sale of 128,000 tonnes of soybeans to Japan for delivery in the 2016/17 marketing year.
China will further cut corn plantations next year in areas of low productivity to help trim swelling inventories, state radio cited the country's agricultural minister as saying.
CBOT March corn last down 1-3/4 cent at $3.54-1/2 per bushel.
SOYBEANS - Down 9 to 10 cents per bushel Soybeans declined nearly 1 percent, easing after two sessions of gains, on outlooks for big South American crops and forecast for rains this week in Argentina.
USDA said China bought 264,000 tonnes of US soybeans, in the third sale of at least 100,000 tonnes in as many business days announced by the agency.
Malaysian palm oil futures fell for the second straight day, easing from last week's 4-1/2 year high on expectations for reduced demand.
CBOT January soybeans last down 9-1/2 cents at $10.27-1/4 per bushel.
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