CHICAGO: Following are US trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on Tuesday.
NOTE: Economists expect the US Federal Reserve to raise interest rates for the first time in a year on Wednesday. CBOT December contracts expire on Wednesday.
WHEAT - Down 1 to 2 cents per bushel Lower on technical selling in thin trade as the end-year holidays approach.
CBOT March wheat retreated after climbing to a two-week high at $4.18-1/2 at the open. Ample global wheat supplies continue to hang over the market, limiting rallies.
The CBOT reported no deliveries of CBOT December wheat and 46 deliveries of K.C. December hard red winter wheat. The MGEX reported no December spring wheat deliveries.
CBOT March soft red winter wheat last down 1-1/2 cents at $4.15-3/4 per bushel; K.C. March hard red winter wheat down 1-1/4 cents at $4.13-1/2; MGEX March spring wheat down 1-3/4 cents at $5.35-1/4. CORN - Down 1 to 2 cents per bushel Drifting lower in technical trade after the March corn contract matched Monday's high of $3.61 per bushel.
Traders are monitoring forecasts for beneficial rains expected next week in crop areas of Argentina.
The CBOT reported no deliveries against December corn futures.
CBOT March corn last down 1 cent at $3.59-1/2 per bushel.
SOYBEANS - Up 5 to 6 cents per bushel Higher on worries about dry weather in crop areas of Argentina, despite forecasts for much-needed rains there next week.
The CBOT January soybean contract stayed inside Monday's range overnight.
The CBOT reported 53 deliveries against December soymeal futures and 33 soyoil deliveries.
Malaysian February palm oil futures ended up 0.9 percent on declining output.
CBOT January soybeans last up 5-3/4 cents at $10.36-3/4 per bushel.
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