US trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade.
Corn Down 1 to 2 cents per bushel.
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: Trade awaits the US Department of Agriculture's Sept. 30 quarterly stocks and annual small grains reports.
WHEAT - Up 3 to 4 cents per bushel
* Wheat heads higher for a second session on technical buying and worries about poor weather in Canada and Australia.
* Analysts surveyed by Reuters on average expect the USDA on Monday to trim its estimate of the US 2019/20 all-wheat harvest to 1.968 billion bushels, from 1.980 billion previously.
* Analysts on average expect the USDA on Monday to report US Sept. 1 wheat stocks at 2.318 billion bushels, down about 3% from a year earlier.
* CBOT December soft red winter wheat last traded up 3-1/2 cents at $4.87-3/4 per bushel. K.C. December hard red winter wheat was last up 3 cents at $4.11-1/4 a bushel and MGEX December spring wheat rose 1-1/2 cents to $5.50-1/4.
CORN - Down 1 to 2 cents per bushel
* Corn lower in rangebound trade as brokers adjust positions ahead of Monday's USDA quarterly stocks report. The CBOT December corn contract stayed inside of Thursday's trading range in early moves.
* Analysts surveyed by Reuters on average expect the government to report US Sept. 1 corn stocks at 2.428 billion bushels, which would be the largest Sept. 1 stocks since 1988.
* CBOT December corn last traded down 1-1/2 cents at $3.71 per bushel.
SOYBEANS - Down 1 to 2 cents per bushel
* Soybeans drift lower in technical trade ahead of the USDA's quarterly stocks report on Monday. Market underpinned by a spate of recent US soybean purchases by top global buyer China.
* The USDA through its daily reporting system said private exporters sold 126,000 tonnes of US soybeans to China for delivery in the 2019/20 marketing year that began Sept. 1.
* Analysts surveyed by Reuters on average expect the government to report US Sept. 1 soybean stocks at 982 million bushels, which would represent the highest Sept. 1 figure on record.
* CBOT November soybeans last traded down 2 cents at $8.86-1/2 per bushel.
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