Content ID


CBOT Trends-Wheat down 7-10 cents, soy down 5-10 cents, corn down 7-8 cents

CHICAGO, Aug 8 (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 7 to 10 cents per bushel

* Wheat seen lower for the sixth time in seven sessions, pressured by improving prospects for exports from Black Sea ports in Ukraine as well as an increased forecast for Russian production.

* Two more ships, carrying corn and soybeans, departed from Ukrainian Black Sea ports on Monday, Turkey and Ukraine said, taking the total to ten since the first ship sailed last week under a deal with Russia.

* Russian agriculture consultancy IKAR raised its forecast for Russia's 2022 wheat crop to 95 million tonnes from a previously expected 90.5 million tonnes.

* CBOT September soft red winter wheat futures last traded 10 cents lower at $7.65-3/4 a bushel. K.C. September hard red winter wheat was last down 10-3/4 cents at $8.37-1/2 a bushel, and MGEX September spring wheat was last 7 cents lower at $8.79-1/2.

CORN - Down 7 to 8 cents per bushel

* Rising exports from Ukraine also pressure the corn market.

* Private exporters reported the sale of 120,000 tonnes of corn to unknown destinations marketing year and 105,000 tonnes of corn to Italy, the U.S. Agriculture Department said. Both deals were for delivery in the 2022/23

* CBOT September corn futures last traded down 7-1/2 cents at $6.02-3/4 a bushel. New-crop December corn also was 7-1/2 cents lower, at $6.02-1/2.

SOYBEANS - Down 5 to 10 cents per bushel

* Some rainfall over the weekend in the U.S. Midwest and forecasts for cooler temperatures weigh on soybean market, although concerns remain about crop health in drier western and southern areas as crop passes through development phase.

* Declines limited by hopes of pick-up in Chinese demand for U.S. soybeans as South American supplies run low.

* Private exporters reported the sale of 132,000 tonnes of soybeans to China for delivery in the 2022/23 marketing year, USDA said.

* CBOT November soybeans were last 9 cents lower at $13.99-3/4 a bushel. (Reporting by Mark Weinraub; editing by Barbara Lewis)

© Copyright Thomson Reuters 2022. Click For Restrictions -

Read more about

Talk in Marketing