CHICAGO: Following are US trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Friday.
WHEAT - Down 2 cents to 4 cents per bushel
* CBOT soft red winter wheat contracts and K.C. hard red winter wheat contracts seen easing after four straight days of gains. Market to face pressure from improved harvest forecast from Ukraine Agriculture Ministry, which raised production outlook for that key export supplier to 24 million tonnes.
* MGEX spring wheat contracts remain firm amid concerns about diminished harvest in northern US Plains.
* CBOT September soft red winter wheat last traded down 4-1/2 cents at $5.56 per bushel. K.C. September hard red winter wheat dropped 2-1/4 cents to $5.67 overnight, while MGEX September spring wheat gained 3 cents to $6.13-1/2 per bushel.
CORN - Steady to down 3 cents per bushel
* Corn dipped into negative territory, following wheat lower, shortly ahead of break in trading. Big US crop expectations overhang market. Most-active corn contract on track to post its third straight weekly gain.
* CBOT September corn last traded down 1 cent at $3.65-3/4 a bushel.
SOYBEANS - Down 10 cents to 12 cents per bushel
* End-of-week profit taking expected to weigh on soybeans as traders exit risky positions amid fears of further escalations in trade war when market is closed. Benchmark CBOT November soybean contract fell below 10-day and 40-day moving average during overnight trading session.
* Chicago Board of Trade reported 867 deliveries against expiring August soybean contract. There were no soymeal deliveries and 919 soyoil deliveries.
* CBOT new-crop November soybeans were 11-1/4 cents lower at $8.86-1/4 per bushel.
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