CHICAGO: Following are US trade expectations for the resumption of the grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Wednesday.
NOTE: Trade awaits the US Department of Agriculture's monthly supply/demand reports on Thursday.
WHEAT - Down 2 to 3 cents per bushel
Steady/lower, following corn and soybeans. Improving soil moisture for the 2018 US winter wheat crop adds pressure, following rains in the Plains and Midwest.
The USDA said private exporters sold 104,202 tonnes of US hard red winter wheat to Mexico for delivery in the 2017/18 marketing year.
The USDA late Tuesday said the US winter wheat crop was 48 percent planted, behind the five-year average of 58 percent.
Analysts expect the USDA in its monthly supply/demand reports on Thursday to raise its forecast of US 2017/18 wheat ending stocks.
December soft red winter wheat last traded down 2 cents at $4.33-1/4 per bushel, K.C. December hard red winter wheat was last down 3 cents at $4.28-1/4 while MGEX December spring wheat was down 1-1/4 cents at $6.16-1/4.
CORN - Down 1 to 2 cents per bushel
Lower on positioning ahead of the USDA's monthly supply/demand reports on Thursday and expectations that the government will raise its estimate of the US corn harvest.
The USDA said private exporters sold 150,000 tonnes of US corn to Mexico for delivery in the 2017/18 marketing year.
The USDA late Tuesday said the US corn harvest was 22 percent complete, behind the five-year average of 37 percent.
Analysts expect the USDA in its monthly supply/demand reports on Thursday to raise its US corn yield estimate but trim its forecast of US 2017/18 corn ending stocks.
CBOT December corn last traded down 1-1/2 cents at $3.47-3/4 per bushel.
SOYBEANS - Mixed, up 1 cent per bushel to down 1 cent
Mixed as traders await the USDA's monthly supply/demand reports on Thursday.
The USDA said private exporters sold 264,000 tonnes of US soybeans to China and another 132,000 tonnes to unknown destinations, all for delivery in the 2017/18 marketing year.
The USDA late Tuesday said the US soybean harvest was 36 percent complete, behind the five-year average of 43 percent.
Analysts expect the USDA in its monthly supply/demand reports on Thursday to raise its US soybean yield estimate.
CBOT November soybeans last traded down 1/4 cent at $9.65-3/4 a bushel.
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