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. CST (1430 GMT) on Friday.
WHEAT - Steady to down 1 cent per bushel Steady to weaker in rangebound trade amid an absence of market-moving news.
Slight uptick in the dollar adds pressure, in theory making US grains less competitive on the world market. Prices underpinned by worries about a cold spell in Russia, but there was no threat of winterkill in the US Plains or Midwest.
A cold spell expected in parts of Russia's southern regions of Rostov and Krasnodar between Jan. 27 and Feb. 4 poses risks to winter wheat sowings in the area, Russia's IKAR agriculture consultancy said in a note.
CBOT March soft red winter wheat last down 1/2 cent at $4.26-1/2 per bushel; K.C. March hard red winter wheat down 1-1/4 cents at $4.39; MGEX March spring wheat up 1/2 cent at $5.67-1/4.
CORN - Mixed, up 1 cent per bushel to down 1 cent Mixed in rangebound trade as market consolidates below this week's six-month top in the March contract.
Uncertainty about US trade relationships adds pressure, given political tension with Mexico, a top corn buyer.
CBOT March corn last up 1/4 cent at $3.64 a bushel.
SOYBEANS - Steady to down 1 cent per bushel Steady to weaker after the March contract set a two-week low overnight at $10.43-1/4 a bushel.
Improving prospects for South American crops hang over the market.
Malaysian palm oil futures fell, touching a two-week low, as output is seen rising next month and as traders booked profit ahead of a long weekend.
Bursa Malaysia closed early on Friday and will be closed on Monday for the Lunar New Year celebrations.
CBOT March soybeans last down 1/4 cent at $10.49-1/4 per bushel.
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