CBOT Trends-Wheat down 10-12 cents, corn down 3-4 cents, soy up 2-3 cents
CHICAGO, Oct 14 (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 Friday.
WHEAT - Down 10 to 12 cents per bushel
* Wheat easing on hopes that progress will be made in negotiations to maintain a Black Sea corridor for Ukraine grain exports.
* The U.S. Agriculture Department on Friday said that export sales of wheat totaled 211,900 tonnes in the week ended Oct. 6. That was near the low end of trade forecasts that ranged from 200,000 to 500,000 tonnes.
* Technical support for benchmark CBOT December soft red winter wheat contract noted around its 30-day moving average during the overnight trading session.
* CBOT December soft red winter wheat ended the overnight session down 10 cents at $8.82-1/4 a bushel. K.C. December hard red winter wheat dropped 8 cents to $9.74-1/4 a bushel, and MGEX December spring wheat was down 8 cents at $9.71 a bushel.
CORN - Down 3 to 4 cents per bushel
* Concerns about poor export demand, forecasts for good weather for harvest in U.S. Midwest, weigh on corn futures.
* Weekly export sales of corn totaled 260,700 tonnes, below market expectations for 300,000 to 900,000 tonnes.
* CBOT December corn futures were last down 3-1/4 cents at $6.94-1/2 per bushel.
SOYBEANS - Up 2 to 3 cents per bushel
* Soybeans firm following three straight days of announcements of fresh export deals with China this week.
* USDA said on Friday morning that private exporters reported the sale of 392,000 tonnes of soybeans to China and 198,000 tonnes of soybeans to unknown destinations.
* Soybean export sales for the reporting week totaled 724,400 tonnes, USDA said. Analysts' estimates ranged from 600,000 to 1.4 million tonnes.
* CBOT November soybeans last traded up 2 cents at $13.97-3/4 a bushel. (Reporting by Mark Weinraub; editing by David Evans)
© Copyright Thomson Reuters 2022. Click For Restrictions - http://about.reuters.com/fulllegal.asp