CHICAGO: Following are US trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Monday.
NOTE: CBOT November soybean futures expire at 12:01 p.m. CST (1801 GMT). WHEAT - Down 3 to 4 cents per bushel Heading lower for a fourth straight session, with the December contract touching a one-month low overnight at $3.97-1/2 a bushel. Plentiful global wheat supplies and a strong US dollar hang over the market.
Algeria's state grains agency issued an international tender to buy milling wheat for optional-origin shipment in January, European traders said.
CBOT December soft red winter wheat last down 4-1/4 cents at $3.98-3/4 per bushel; K.C. December hard red winter wheat down 3-1/2 cents at $4.06-3/4; MGEX December spring wheat up 1/2 cent at $5.20-1/2.
CORN - Down 2 to 3 cents per bushel Lower on plentiful global grain stocks and a stronger dollar, which makes US supplies less attractive to those holding other currencies.
Technical selling noted, with the December corn contract falling to a one-month low overnight at $3.37-1/2 per bushel.
The USDA said private exporters sold 132,000 tonnes of US sorghum to China for delivery in the 2016/17 marketing year.
French farmers had harvested 89 percent of this year's grain maize crop by Nov. 7, compared to 79 percent a week earlier and 90 percent by the same stage last year, farm office FranceAgriMer said.
CBOT December corn last down 2-1/2 cents at $3.37-3/4 per bushel.
SOYBEANS - Down 6 to 7 cents per bushel Heading lower, led declines in soybeans and soyoil on China's Dalian Commodity Exchange.
Chinese soybean futures tumbled 5 percent on talk of government measures to crack down on speculation. CBOT soybeans underpinned by fresh export demand.
The USDA said private exporters sold 324,000 tonnes of US soybeans to China and another 132,000 tonnes to unknown destinations, all for delivery in the 2016/17 marketing year.
Ahead of the National Oilseed Processors Association's monthly crush report on Tuesday, analysts surveyed by Reuters expected the organization to report that its members crushed 160.478 million bushels of soybeans in October.
Malaysian palm oil futures about 4 percent, retreating from a four-year high in the previous session, as they tracked rival oils on China's Dalian Commodity Exchange.
CBOT January soybeans last down 7-1/4 cents at $9.78-3/4 per bushel.
Comments
Comments are closed for this article.