Soy down 15-20 cents, corn down 7-9 cents, wheat down 3-5 cents

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 3 to 5 cents per bushel
* Wheat easing on spillover pressure from drop in corn futures, expectations for good harvest yields in US Plains.
* CBOT soft red winter wheat futures and K.C. hard red winter wheat futures hit new contract lows across the board during overnight trading session.
* There were five 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 4-1/2 cents at $4.20-1/4 per bushel. K.C. July hard red winter wheat was 3 cents lower at $3.84 and MGEX July spring wheat was down 3-1/2 cents at $5.13-1/2.
CORN - Down 7 to 9 cents per bushel
* Follow-through selling after bearish US Agriculture Department report on Friday that showed corn supplies more robust than expected. Concerns about economic damage from US-China trade war also weigh on corn.
* Most-active corn futures hit lowest since Sept. 20 on a continuous basis during overnight trading session.
* Corn futures hit contract lows across the board just before the break in trading.
* There were 114 deliveries against the expiring CBOT May corn contract.
* CBOT July corn last traded down 7 cents at $3.44-3/4 per bushel.
SOYBEANS - Down 15 to 20 cents per bushel
* US soybean futures sink to lowest in more than 10 years overnight, hitting session lows just before the break in trading on concerns about the escalating trade fight between the United States and China.
* China on Monday morning said that it planned to set import tariffs against $60 billion worth of US goods.
* Support for most-actively traded CBOT July soybean futures noted at low end of 20-day Bollinger range.
* New contract lows in soybeans were hit across the board overnight.
* There were 315 deliveries against the expiring CBOT May soybean contract, four deliveries against CBOT May soymeal and 137 deliveries against CBOT May soyoil.
* CBOT July soybeans last traded down 15 cents at $7.94-1/4 per bushel.



















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