CBOT Trends-Wheat up 3-6 cents, soybeans down 5-10, corn mixed
CHICAGO, Aug 19 (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 - Up 3 to 6 cents per bushel
* Wheat futures firmer on technical buying and short covering after hitting a six-month low on Thursday. A sluggish U.S. export sales pace and a firmer dollar limiting gains.
* Continued grain shipments from Ukraine's Black Sea ports tempering concerns about global supplies.
* CBOT September wheat poised for a weekly drop of more than 8%.
* CBOT September soft red winter wheat futures last traded up 5 cents at $7.36-1/2 a bushel. K.C. September hard red winter wheat was last 7-3/4 cents higher at $8.20-1/4 a bushel, and MGEX September spring wheat was last 4-1/4 cents higher at $8.57.
CORN - Up 2 cents to down 2 cents per bushel
* Corn mixed in muted trade. Market anchored by recent rains and mild temperatures in the U.S. Midwest forecast that have lessened concerns about eroding yields. A firmer U.S. dollar and sinking energy prices also capping the market.
* The actively traded December contract held within a tight range in overnight trading and was on pace for a 1% weekly gain, its fourth straight weekly advance.
* CBOT December corn futures were up 1/4 cent at $6.16 per bushel.
SOYBEANS - Down 5 to 10 cents per bushel
* Soybeans sink on technical selling and profit-taking after a midweek price spike. Crop-boosting U.S. Midwest rains and mild temperatures also weighing on the market.
* The actively traded November contract hit technical chart resistance at its 20-day moving average in overnight trading.
* CBOT November soybeans were last 7-1/4 cents lower at $13.98 a bushel. (Reporting by Karl Plume; Editing by David Holmes)
© Copyright Thomson Reuters 2022. Click For Restrictions - http://about.reuters.com/fulllegal.asp