CHICAGO: Following are US trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Thursday.
NOTE: The US Department of Agriculture's weekly export sales report is delayed until Friday due to Monday's federal holiday.
WHEAT - Up 2 to 3 cents per bushel
Wheat firming in a light recovery bounce after the CBOT July contract dipped to $5.15-1/4 in early moves, its lowest in a week. The US hard red winter wheat harvest is under way in portions of the southern Plains.
Ukraine's 2018 winter wheat harvest is likely to fall to 24 million tonnes from 25.4 million tonnes in 2017 due to extremely dry weather this spring, the head of the state weather forecasting department said.
Russia is expected to reduce its 2018 crop of winter wheat and rye by around 10 percent from a year ago due to dry weather, a state weather forecaster Hydrometcentre told Reuters.
CBOT July soft red winter wheat last up 2-1/4 cents at $5.24-1/4 per bushel. K.C. July hard red winter wheat last traded up 2-1/4 cents at $5.43 and MGEX July spring wheat was up 7-1/2 cents at $6.19 a bushel.
CORN - Up 2 to 3 cents per bushel
Corn higher in a light recovery bounce a day after the CBOT July contract fell to $3.90-3/4 a bushel, its lowest since April 25, on better-than-expected initial US crop ratings. Traders monitoring forecasts for warm weather in the Midwest next week.
China sold 2.4 million tonnes of corn at auction of state reserves, the National Grain Trade Center said.
The sales volume represents 61.74 percent of total corn available at the auction.
CBOT July corn last traded up 2-3/4 cents at $3.96-1/4 a bushel.
SOYBEANS - Up 3 to 4 cents per bushel
Soybeans firm in a light rebound after a two-session sell-off tied to worries about US trade relations with China, the world's biggest soy buyer.
Market underpinned by soy logistics issues in Brazil in the wake of a truckers' strike.
CBOT July soybeans last up 3 cents at $10.26 per bushel.
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