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 Tuesday.
WHEAT - Down 1 to 4 cents per bushel.
Wheat futures weakening after flurry of tenders highlighted struggle for US supplies to gain traction on export market.
Syria's General Establishment for Cereal Processing and Trade (Hoboob) bought 200,000 tonnes of Black Sea origin wheat in its latest international purchasing tender.
Trading house Agrocorp secured a tender to supply 50,000 tonnes of wheat, expected to be from Russia, to Bangladesh.
Benchmark March soft red winter wheat contract found support near Friday's low of $4.99-1/4 a bushel, which was its lowest price since January 2018.
CBOT March wheat traded down 3 cents at $5.01-1/4 per bushel. K.C. March hard red winter wheat was down 1-1/4 cents at $4.75-1/4 a bushel and MGEX March spring wheat was down 1-3/4 cents at $5.71-1/4.
CORN - Steady to up 2 cents per bushel
Corn expected to remain stuck in narrow trading range.
Traders eyeing resistance for benchmark CBOT March corn contract at 10-day moving average, a level that contract failed to break through on Friday.
CBOT March corn traded up 1/4 cent at $3.75 per bushel.
SOYBEANS - Down 1 to 4 cents per bushel
Benchmark CBOT March contract firmed early during overnight trading on optimism about US-China trade deal but turned lower after hitting resistance as it neared its 50-day moving average.
Forecasts for rain in key growing areas of Brazil add pressure to the soybean market.
A new round of talks between the United States and China to resolve their trade war will take place in Washington on Tuesday, with follow-up sessions at a higher level later in the week.
CBOT March soybeans traded down 2-1/4 cents at $9.05-1/4 a bushel.
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