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CBOT Trends - Corn down 2-3 cents; soy down 2-4 cents; wheat down 4-6 cents
CHICAGO, Nov 9 (Reuters) - Following are U.S. trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Friday.
WHEAT - Down 4 to 6 cents per bushel
* Forecasts for drier weather that should allow U.S. farmers to finish winter wheat planting weigh on market. CBOT soft red winter wheat dropped to lowest in more than a week overnight.
* Firm dollar adds pressure, encourages profit-taking following market's rally to highest since Oct. 19 during Thursday's session.
* Benchmark CBOT December soft red winter wheat contract hit resistance at 20-day moving average during overnight trading session.
* CBOT December wheat traded down 5-1/4 cents at $5.02-1/2 per bushel. K.C. December hard red winter wheat was 6 cents lower at $4.91-1/4 and MGEX December spring wheat was down 1-1/2 cents at $5.78-1/2.
CORN - Down 2 to 3 cents per bushel
* Profit-taking setback expected as corn prices rallied to highest since Aug. 20 on Thursday. Weakness in soybeans, wheat also weigh on corn.
* Traders watching to see if benchmark CBOT December corn contract holds support at 20-day moving average after testing that level during overnight trading.
* CBOT December corn traded down 3 cents at $3.70-1/2 per bushel.
SOYBEANS - Down 2 to 4 cents per bushel
* Soybean futures seen lower for fifth day in a row as U.S. Agriculture Department's forecast for domestic ending stocks of close to 1 billion bushels casts bearish shadow on market.
* The CBOT reported 249 deliveries against its November soybean contract, which expires on Nov. 14.
* CBOT January soybeans were 2-3/4 cents lower at $8.76-1/4 a bushel. (Reporting by Mark Weinraub Editing by Susan Thomas)
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