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 Monday.
WHEAT - Up 3 to 5 cents per bushel K.C. hard red winter wheat futures lead on forecast for dry conditions in the southwest US Plains. Weak dollar also supportive. CBOT May soft red winter wheat briefly broke through resistance at 100-day moving average during overnight trading but failed to hold support above that key technical point.
CBOT May soft red winter wheat last traded up 4-3/4 cents at $4.55-3/4 per bushel. K.C. May hard red winter wheat was last up 7-1/4 cents at $4.74-1/2 and MGEX May spring wheat was last up 1 cent at $5.79-1/2.
CORN - Up 2 to 4 cents per bushel
Gains in wheat, soybeans leading corn market higher. Forecasts for cold, wet spring that could delay plantings in US Midwest also seen as supportive.
CBOT May corn last traded up 3 cents at $3.90-3/4 a bushel.
SOYBEANS - Up 8 to 10 cents per bushel, Continued strength, underpinned by Friday's US Agriculture Department report that surprisingly forecast drop in soybean acreage. Most-active soybean futures contract hit highest since March 9 during overnight session. New-crop November soybeans hit contract high.
CBOT May soybeans last traded up 9 cents at $10.53-3/4 per bushel.
Comments
Comments are closed for this article.