CBOT Trends-Soy up 13-17 cents; wheat, corn steady-down 2 cents
CHICAGO, Nov 1 (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 Tuesday.
WHEAT - Steady to down 2 cents per bushel
* Wheat called lower after surging 6.4% on Monday. Pressure seen from continuation of Ukraine grain shipments from Black Sea ports despite Russia suspending participation in export agreement.
* Concerns about poor condition of U.S. winter wheat crop limiting declines.
* Three outbound vessels had left Ukrainian ports by midday on Tuesday under the deal, the United Nations-led coordination center said.
* CBOT December soft red winter wheat ended the overnight trading session 2 cents lower at $8.80-1/4 a bushel. K.C. December hard red winter wheat was last off 3/4 cent at $9.78 a bushel, and MGEX December spring wheat dropped 1-3/4 cents to $9.79-1/2 a bushel.
CORN - Steady to down 2 cents per bushel
* Corn futures weakening with supplies abundant as U.S. harvest wraps up. Poor export demand for U.S. supplies add further pressure.
* CBOT December corn futures last traded 3/4 cent lower at $6.90-3/4 per bushel.
SOYBEANS - Up 13 to 17 cents per bushel
* Soybeans seen rising for fourth day in a row on strong export prospects.
* On a continuous basis, the most-active soybean contract hit its highest since Sept. 23 overnight.
* Benchmark CBOT January soybean futures contract rose above its 50-day and 100-day moving averages and the high end of its 20-day Bollinger range overnight.
* CBOT January soybeans were last up 13-3/4 cents at $14.33-1/4 a bushel. (Reporting by Mark Weinraub; editing by Jonathan Oatis)
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