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. CDT (1330 GMT) on Monday.
WHEAT - Down 2 to 3 cents per bushel
Lower on technical selling, with the most-active July contract staying inside of Friday's trading range. Market awaiting more information on the effect of lodging and wet conditions on winter wheat in western Kansas.
The CBOT reported one delivery against the CBOT May wheat contract and seven K.C. wheat deliveries. There were no deliveries of MGEX May spring wheat.
CBOT July soft red winter wheat was last down 3-1/4 cents at $4.39 per bushel. K.C. July hard red winter wheat down 1-1/4 cents at $4.48-3/4, and MGEX July spring wheat fell 1 cent at $5.53-1/4.
CORN - Down 1 to 2 cents per bushel
Lower in technical trade and pressure from forecasts for drier weather for planting in the US Corn Belt this week. The CBOT July contract stayed inside of Friday's trading range in early moves.
The CBOT reported 553 deliveries against May corn futures.
CBOT July corn last down 3/4 cent at $3.70 a bushel.
SOYBEANS - Down 2 to 4 cents per bushel
Heading lower for a third straight session on technical selling and expectations for improved planting weather this week in the US Midwest.
The CBOT reported no new soybean deliveries against the May futures contract. There were 22 soymeal deliveries and 193 soyoil deliveries.
Malaysian palm oil futures rose on expectations of solid demand ahead of Ramadan festivities.
CBOT July soybeans last down 3 cents at $9.70 a bushel.
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