Content ID

333984

CBOT Trends-Wheat down 5-8 cents, corn down 2-5 cents, soy down 2-4 cents

CHICAGO, Sept 26 (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 Monday.

WHEAT - Down 5 to 8 cents per bushel

* Wheat is under pressure from the U.S. dollar index hitting a 20-year high and investors shedding risky assets amid global economic worries, analysts said.

* Concerns about Ukraine's reduced grain supply remain in the market.

* Ukraine's 2022 grain harvest could total 54.1 to 55.7 million tonnes, compared with a record 86 million, analyst APK-Inform said this weekend.

* A total of 211 ships carrying 4.7 million tonnes of agricultural products have left Ukraine under an export deal, Ukraine's infrastructure ministry said.

* CBOT December soft red winter wheat last traded 7 cents lower at $8.73-1/2 a bushel. K.C. December hard red winter wheat slipped 3-3/4 cents to $9.46-3/4 a bushel, and MGEX December spring wheat fell 7-1/2 cents to $9.41-3/4 a bushel.

CORN - Down 2 to 5 cents per bushel

* Grain traders focused on the strong dollar, risks of a global recession, and the U.S. Federal Reserve's decision to raise interest rates last week.

* Advancing U.S. harvests also pressured corn futures, though there are concerns about a short crop, traders said.

* The U.S. Department of Agriculture is set to issue a weekly crop-progress update after the close of trading.

* Volatile trading is expected in grains, a broker said.

* CBOT December corn futures were last down 3-3/4 cents at $6.73 per bushel.

SOYBEANS - Down 2 to 4 cents a bushel

* CBOT soybeans pared losses late in the overnight session. The U.S. harvest and global economic concern weighed on futures, traders said.

* Soymeal prices in China, the world's top consumer of the animal feed ingredient, are at record highs.

* CBOT November soybeans last traded 2-1/2 cents lower at $14.23-1/4 a bushel. (Reporting by Tom Polansek; Editing by Kirsten Donovan)

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