WHEAT - Up 1 to 2 cents per bushel
Firm on short-covering after a three-session slide in the CBOT December contract. Rallies limited by plentiful global wheat supplies and better weather for planting this week in the US Plains and Midwest.
The US Department of Agriculture reported export sales of US wheat in the latest week at 615,400 tonnes, topping a range of trade expectations for 250,000 to 450,000 tonnes.
Traders await results of an Egyptian wheat purchase tender. The lowest offer was at $198.35 a tonne free-on-board (FOB) for 60,000 tonnes of Russian wheat.
CBOT December soft red winter wheat last traded up 1-1/4 cents at $4.31-1/4 per bushel, K.C. December hard red winter wheat was last up 1-3/4 cents at $4.29-3/4 while MGEX December spring wheat was last up 4-1/2 cents at $6.14-1/2.
CORN - Up 1 to 2 cents per bushel
Modestly higher in sideways, rangebound trade. Rallies capped by the ongoing harvest of a large US crop amid mostly dry weather in the Midwest this week. A larger-than-expected weekly export sales tally may lend support.
The USDA reported export sales of US corn in the latest week at 1,269,900 tonnes (old and new crop years combined), above a range of trade expectations for 800,000 to 1,100,000 tonnes.
CBOT December corn last traded up 1-1/4 cents at $3.49-3/4 per bushel.
SOYBEANS - Steady to up 1 cent per bushel
Steady to firm, with the CBOT November soybean contract staying inside the previous day's trading range. Mostly dry conditions in the US Midwest this week should promote harvest progress, although weekend rains may slow fieldwork. Beneficial rains expected next week in dry areas of Brazil's soy belt.
The USDA reported export sales of US soybeans in the latest week at 1,275,100 tonnes, below trade expectations for 1,300,000 to 1,700,000 tonnes.
Through its daily reporting system, the USDA said private exporters sold 384,000 tonnes of US soybeans to China for delivery in the 2017/18 marketing year that began Sept. 1.
The USDA reported weekly soymeal export sales at 296,100 tonnes and soyoil sales at 27,400 tonnes, both above trade expectations.
CBOT November soybeans last traded up 1 cent at $9.85-1/4 a bushel.