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 Tuesday.
WHEAT - Down 3 to 5 cents per bushel
Wheat continues retreat from highs hit last week on forecasts for more rain in US Plains. Light export demand for US supplies remains weak.
CBOT May soft red winter wheat contract dropped below its 100-day moving average and fell to its lowest since April 5 during overnight trading. K.C. May hard red winter wheat fell below its 200-day moving average overnight.
CBOT May soft red winter wheat last traded down 3-1/4 cents at $4.58-1/4 per bushel. K.C. May hard red winter wheat was last down 4-1/4 cents at $4.79 and MGEX May spring wheat was 1/2 cent lower at $5.87-1/2 a bushel.
CORN - Steady to down 2 cents per bushel
Forecasts for good planting weather in US Midwest weigh on market despite US Agriculture Department report on Monday afternoon that showed only 5 percent of the crop had been planted as of April 22.
Technical support noted near 2-1/2 week low hit on Friday.
CBOT May corn last traded down 1 cent at $3.77-1/2 a bushel.
SOYBEANS - Down 1 to 3 cents per bushel
Worries about export demand pressure soybean market, which has fallen for three days in a row. Soybean futures found support near Monday's low during overnight trading.
CBOT May soybeans last traded down 1-1/2 cents at $10.19-1/4 per bushel.
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