CHICAGO: Following are US trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Monday.
WHEAT - Down 8 to 10 cents per bushel
Wheat futures falling on fears of global economic slowdown after US President Donald Trump threatened to raise tariffs on Chinese exports to the United States.
Benchmark CBOT July wheat futures fell below five-day moving average during overnight trading session.
There were 30 deliveries against the expiring CBOT May soft red winter wheat contract. There were no deliveries against K.C. May hard red winter wheat.
CBOT July wheat last traded down 8-1/4 cents at $4.29-3/4 per bushel. K.C. July hard red winter wheat was 8-3/4 cents lower at $3.92-3/4 and MGEX July spring wheat was down 8 cents at $5.07.
CORN - Down 12 to 16 cents per bushel
Corn futures fell 3.4 percent overnight on economic concerns related to Trump's tweets about raising tariffs. Profit-taking also weighing on corn following eight straight days of gains for the most-active contract.
CBOT July corn futures fell below the 10-day, 20-day and 30-day moving averages overnight. Support noted at the low end of the 20-day Bollinger range.
There were 590 deliveries against the expiring CBOT May corn contract.
CBOT July corn last traded down 12-3/4 cents at $3.58 per bushel.
SOYBEANS - Down 25 to 30 cents per bushel
Soybean futures facing heavy pressure from Trump's tariff threat. The most-active soybean futures contract, which had posted a six-session losing streak, fell another 3.0 percent during overnight trading to hit its lowest since Sept. 19.
All-traded soybean contracts hit new lows overnight. Soymeal and soyoil also fell to fresh contract lows.
There were 876 deliveries against the expiring CBOT May soybean contract, 284 deliveries against CBOT May soymeal and 671 deliveries against CBOT May soyoil.
CBOT July soybeans last traded down 25 cents at $8.17-1/4 per bushel.
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