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.
NOTE: Trade awaits the US Department of Agriculture's monthly supply/demand reports on Wednesday.
CBOT July grain and soy contracts expire on Friday.
WHEAT - Up 11 to 14 cents per bushel
Higher, following MGEX spring wheat on forecasts for more stressful hot and dry weather in the northern US Plains spring wheat belt.
Egypt's state grain buyer, the General Authority for Supply Commodities, said on Saturday it bought 115,000 tonnes of Russian wheat in a tender.
Iraq's state grains board has purchased about 50,000 tonnes of hard wheat to be sourced from Australia in a tender which closed last week, European traders said.
The CBOT reported 47 July wheat deliveries and 67 deliveries of K.C. hard red winter wheat. The MGEX reported no July spring wheat deliveries.
CBOT September soft red winter wheat was last up 14 cents at $5.49 per bushel; K.C. September hard red winter wheat up 12-1/2 cents at $5.55-1/2; MGEX September spring wheat last up 30-3/4 cents at $7.97-1/2.
CORN - Up 6 to 7 cents per bushel
Higher on forecasts for potentially stressful hot temperatures in the western US Corn Belt as the crop begins pollination, its key reproductive stage. CBOT new-crop December corn reached $4.13-3/4 a bushel, its highest since June 2016.
Farmers in China's central Henan province will switch almost 61,000 hectares of farmland from grain to forage crops, the official Xinhua news agency said, under a pilot project aimed at helping reduce the country's corn stocks.
The CBOT reported 803 deliveries against CBOT July corn futures.
CBOT September corn last up 6-3/4 cents at $3.99-1/4 per bushel.
SOYBEANS - Up 17 to 19 cents per bushel
Higher following corn and wheat, and on potentially stressful hot and dry forecasts for portions of the US crop belt, particularly the northwestern Midwest. New-crop November soybeans reached $10.39-3/4 a bushel, the contract's highest level since late November.
The CBOT reported 364 soybean deliveries against CBOT July futures, along with 173 soymeal deliveries and 18 soyoil deliveries.
Malaysian September palm oil futures rose 1.53 percent, following strength in soyoil futures on the CBOT and China's Dalian Commodity Exchange.
CBOT August soybeans last up 19-1/2 cents at $10.20-1/2 per bushel; new-crop November up 19-1/4 cents at $10.34-3/4.
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