Corn up 1-2 cents, soy down 3-5 cents, wheat mixed
- Wheat futures steadying after most-active CBOT soft red winter wheat contract hit its highest since June 2015 last week.
CHICAGO: Following are US trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Monday.
WHEAT - Mixed, up 2 cents to down 2 cents per bushel
Wheat futures steadying after most-active CBOT soft red winter wheat contract hit its highest since June 2015 last week.
Ongoing concerns about dry weather limiting export supplies from the Black Sea region continue to underpin the market but traders say fresh bullish inputs needed to drive prices above recent peaks.
CBOT December soft red winter wheat last traded up 1/4 cent at $5.94 per bushel. K.C. December hard red winter wheat was last down 1/2 cent at $5.35 a bushel.
MGEX December spring wheat was last 1/2 cent higher at $5.44-1/4 a bushel.
CORN - Up 1 cent to 2 cents per bushel
Corn futures firming on supply concerns after the US Agriculture Department cut its production and ending stocks forecasts in its monthly supply and demand report on Friday.
The most-active corn futures contract hit its highest on a continuous basis since Oct. 14, 2019 during overnight trading, peaking just below $4 a bushel.
The benchmark CBOT December corn futures contract broke through the high end of its 20-day Bollinger range overnight.
CBOT December corn was last up 1-1/2 cents at $3.96-1/2 per bushel.
SOYBEANS - Down 3 cents to 5 cents per bushel
Soybeans easing on profit-taking after rallying to highest in more than 2-1/2 years on Friday. Rapidly advancing US harvest also adds pressure but market remains underpinned by strong demand from China, limiting declines.
CBOT November soybeans last traded down 4-1/4 cents at $10.61-1/4 per bushel.
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