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 Friday.
NOTE: There was no overnight trade due to the US Independence Day holiday on Thursday.
WHEAT - Steady to down 2 cents per bushel
Signs of weak export demand pressure the wheat market but technical support, concerns about crop conditions in Europe expected to keep decline in check.
The condition of French cereal crops declined sharply last week, farming agency FranceAgriMer said, suggesting a negative impact from a record-breaking heat wave in the European Union's biggest grain producer.
The US Agriculture Department on Friday morning said weekly export sales of wheat totaled 276,500 tonnes, near the low end of forecasts that ranged from 250,000 tonnes to 550,000 tonnes.
CORN - Steady to down 3 cents per bushel
Weakening on forecasts for much-needed hot weather in US Midwest that should accelerate development of corn crop in key growing areas. Weak export sales also add pressure.
Corn export sales totaled 331,900 tonnes for the week. Analysts' forecasts ranged from 200,000 to 500,000 tonnes.
Traders watching to see if benchmark CBOT December corn futures can break through 30-day moving average after closing near that key resistance point on Wednesday.
SOYBEANS - Up 1 cent to 3 cents per bushel
Strong export sales report supportive to soybeans but gains limited by concerns about the trade war with China, African swine fever.
China's agriculture ministry said on Friday it had confirmed an African swine fever outbreak in Luchuan county in the southwestern region of Guangxi that killed nine pigs on a farm.
Weekly export sales of soybeans came in at 1.029 million tonnes, near the high end of analysts' forecasts that ranged from 600,000 tonnes to 1.2 million tonnes.
The soybean total included 607,300 tonnes to China for the current marketing year.
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