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 Thursday.
WHEAT - Up 2 to 3 cents per bushel
Wheat futures inched higher overnight ahead of today's world supply and demand report from the US Agriculture Department.
The report is expected to reflect lower global wheat supply due to diminished yields in the Russian wheat crop, North American drought and delayed harvest across the European Union due to excessive rainfall.
Analysts expect the USDA to peg US 2021/2022 all wheat production at 1.723 billion bushels, down 23 million bushels from its July assessment.
CBOT September soft red winter wheat was last 2-3/4 cents higher at $7.29-3/4 per bushel; K.C. September hard red winter wheat firmed 1-1/2 cents to $7.11-3/4 per bushel, and MGEX September spring wheat added 7-1/4 cents to $9.20-1/4 per bushel.
CORN - Down 1 to 2 cents per bushel
Corn traded near even overnight, awaiting the USDA's supply and demand report.
Analysts expect the USDA to show US 2021/2022 corn production at 177.6 billion bushels, down 1.9 billion bushels from its July report, cutting yield 1.9 bushels per acre to 177.6 bpa.
Brazil's corn production is also expected to drop 4.28 million tonnes to 88.72 million tonnes.
CBOT December corn last traded down 1-1/4 cents at $5.58 per bushel.
SOYABEANS - Down 3 to 5 cents per bushel
Soyabeans eased overnight, pressured by continued rainfall across parts of the US Midwest.
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