Content ID

329724

CBOT Trends-Corn down 11-20, wheat down 14-16 cents, soy down 33-37 cents

CHICAGO, June 23 (Reuters) - Following are U.S. trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Thursday. WHEAT - Down 14 to 16 cents per bushel * Wheat futures lower overnight as harvest pressure wins out against global supply uncertainty as Black Sea export talks continue to flounder. * The CBOT's most-active wheat contract fell to $9.60-3/4 a bushel, its lowest level since March 1. * Turkey is investigating claims that Ukrainian grain was stolen by Russia and shipped to countries including Turkey, Foreign Minister Mevlut Cavusoglu said, although probes had not found any stolen shipments so far. * Bangladesh is trying to secure wheat supplies from Russia after its biggest supplier India banned exports of the grain last month to contain local prices, government and trade officials told Reuters. * CBOT September soft red winter wheat last traded 15-1/2 cents lower at $9.73-1/4 a bushel. K.C. September hard red winter wheat fell 20-1/4 cents to $10.25-1/2 a bushel while MGEX September spring wheat lost 15-3/4 cents to $10.90 a bushel. CORN - Down 11 to 20 cents per bushel * Corn fell overnight, pressured by cooler weather across much of the U.S. Midwest and technical selling after oil markets moved lower earlier in the session. * Brazil's second-crop corn harvest is progressing at a rapid pace in Mato Grosso, where at least one unit of U.S. grain trader Cargill is storing corn in open air outside silos, according to images posted on Twitter. * CBOT July corn last dropped 11-1/4 cents to $7.56-3/4 per bushel, while September corn lost 17-3/4 cents to $6.84-1/4 a bushel. The most-active December corn contract fell 20 cents to $6.73-3/4 a bushel. SOYBEANS - Down 33 to 37 cents per bushel * Soybeans sank overnight, aimed at a fourth session lower, pressured by global vegetable oil markets and easing weather forecasts in the United States. * The CBOT's most-active soybean contract fell to $16.10-1/2 overnight, its lowest since May 12. * Malaysian palm oil futures fell to six-month lows on Wednesday, as production pace quickens in Indonesia and Malaysia, though futures regained early on Thursday. * CBOT July soybeans lost 37 cents to $16.15-3/4 a bushel. The most-active November soybean contracts fell 33 cents to $14.43-1/2 a bushel. (Reporting by Christopher Walljasper; editing by Barbara Lewis)

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