CHICAGO: Following are US trade expectations for the resumption of the grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Tuesday.
WHEAT - Up 5 to 6 cents per bushel
Rising on US Agriculture Department report that showed the US winter wheat crop was rated 32 percent good to excellent compared to 51 percent a year earlier. K.C. wheat futures notched the biggest gains overnight, rising 2.4 percent.
CBOT May soft red winter wheat last traded up 5-3/4 cents at $4.52 per bushel. K.C. May hard red winter wheat was last up 11-1/4 cents at $4.78-3/4 and MGEX May spring wheat was last up 3-3/4 cents at $5.77-1/4.
CORN - Steady to up 2 cents per bushel
Consolidation trade expected after market failed to push through March high during early rally on Monday. Wheat gains, concerns about cold weather delaying early planting in US Midwest continue to underpin prices.
CBOT May corn last traded up 1/4 cent at $3.87-1/2 a bushel.
SOYBEANS - Up 7 to 10 cents per bushel
Technical buying supports soybeans after May contract found support near 40-day moving average overnight. Consolidation trade noted near 30-day moving average.
CBOT May soybeans last traded up 7-3/4 cents at $10.43-1/4 per bushel.
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