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. CST (1430 GMT) on Monday.
NOTE: The US Department of Agriculture's weekly export inspections and crop progress reports will be delayed until Tuesday due to Monday's observance of Veterans Day.
CBOT November contracts expire on Wednesday.
WHEAT - Up 3 to 4 cents per bushel
* Higher on technical buying and short-covering after a three-session slide. Expectations of improved demand for US supplies lend support, though a stronger dollar caps rallies.
* The supplement to the US Commodity Futures Trading Commission's weekly commitments report showed large speculators trimmed their net short position in CBOT wheat by about 1,500 contracts in the week to Nov. 6, to 65,429 lots.
* For K.C. hard red winter wheat, the CFTC's supplemental report showed large speculators expanded their net long by about 2,700 contracts, to 2,931 lots.
* CBOT December wheat last traded up 3-1/2 cents at $5.05-1/2 per bushel. K.C. December hard red winter wheat was up 3/4 cent at $4.88-1/4 and MGEX December spring wheat was down 1/2 cent at $5.72-3/4.
CORN - Mixed, up 1/4 cent to down 1/4 cent per bushel
* Corn futures narrowly mixed as trade awaits fresh direction, with the US harvest winding down. Firmer dollar hangs over the market. Chart support noted in CBOT December corn at its 100-day moving average near $3.67-1/2.
* The supplement to the CFTC's weekly commitments report showed large speculators cut their net short position in CBOT corn by about 16,000 contracts in the week to Nov. 6, to 16,917 lots, the smallest net short since late June.
* CBOT December corn last traded up 1/4 cent at $3.70 per bushel.
SOYBEANS - Down 3 to 4 cents per bushel
* Soybeans lower on technical selling and a lack of supportive news as US farmers wrap up the harvest of a likely record-large crop. Trade focused on prospects for progress in the US trade talks with top global soybean buyer China.
* US President Donald Trump is due to meet with China President Xi Jinping in Buenos Aires, Argentina, at the end of November on the sidelines of a Group of 20 summit.
* The CFTC's weekly commitments report showed large speculators cut their net short position in CBOT soybeans by nearly 30,000 contracts in the week to Nov. 6, to 102,973 lots.
* CBOT January soybeans last traded down 4-1/4 cents at $8.82-1/2 a bushel.
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