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 Monday.
WHEAT - Up 3 cents to 5 cents per bushel
Wheat market remains firm on expectations for global crop shortfalls despite some rain in key growing areas during the weekend. Bargain buying expected following Friday's decline.
CBOT September soft red winter wheat last traded up 4 cents at $5.60-1/4 per bushel. K.C. September hard red winter wheat rose 4-1/4 cents to $5.71-1/2 overnight, while MGEX September spring wheat gained 3 cents to $6.15-3/4 per bushel.
CORN - Steady to up 2 cents per bushel
Market steadying ahead of key US Agriculture Department report on Friday that will provide new forecast for production, stocks. Technical support for benchmark CBOT September corn futures contract noted at 50-day moving average during overnight trading.
CBOT September corn last traded up 1/2 cent at $3.70-1/4 a bushel.
SOYBEANS - Down 7 cents to 10 cents per bushel
Trade war concerns to pressure soybean market after Chinese state media on Monday lambasted US President Donald Trump's trade policies in an unusually personal attack. Support for CBOT November soybean futures noted at 40-day moving average.
Chicago Board of Trade reported 760 deliveries against expiring August soybean contract. There were no soymeal deliveries and 956 soyoil deliveries.
CBOT new-crop November soybeans last traded down 10-1/2 cents at $8.91-3/4 a bushel.
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