CHICAGO: Following are US trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Thursday.
WHEAT Up 1 to 3 cents per bushel
Wheat up on technical buying and spillover strength from soybeans.
CBOT March wheat rebounding from multi-month lows set on Wednesday.
CBOT March wheat last traded up 2-3/4 cents at $5.09-1/2 per bushel. K.C. March hard red winter wheat last up 4-1/4 cents at $4.96-3/4 a bushel and MGEX March spring wheat last up 6 cents at $5.60.
CORN Up 1 to 2 cents per bushel
Corn higher on spillover strength from soybeans and technical buying.
CBOT March corn last traded up 1 cent at $3.76-3/4 per bushel.
SOYBEANS Up 4 to 5 cents per bushel
Soybeans ticked higher ahead of the pause in trade as rumors of Chinese buying interest swirled. However, the US Department of Agriculture has suspended daily and weekly export sales reports due to the partial US government shutdown, so traders are watching cash markets for any sign of China making further new purchases of US soy.
Concerns about dryness in parts of Brazil lend support.
The CBOT reported 1,091 January soybean deliveries.
CBOT January soymeal deliveries totaled 514 contracts, with ADM customer issuing 490 and the Bunge house account stopping 219. January soyoil deliveries totaled 75 contracts.
CBOT March soybeans last traded up 4 cents at $9.11 a bushel.
Comments
Comments are closed for this article.