CBOT Trends-Wheat up 8-12 cents, corn up 10-18, soybeans up 6-16
CHICAGO, Aug 23 (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 - Up 8 to 12 cents per bushel
* Wheat futures rise on spillover support from higher corn and soybeans. Firm U.S. dollar and a limited U.S. export sales pace limiting gains.
* CBOT September soft red winter wheat futures last traded 12 cents higher at $7.82-1/2 a bushel. K.C. September hard red winter wheat was last up 13-3/4 cents at $8.79 a bushel, and MGEX September spring wheat was last 9-1/2 cents higher at $8.98 a bushel.
CORN - Up 10 to 18 cents per bushel
* Corn higher on concerns about U.S. harvest after a drop in weekly condition ratings and poor yield prospects found by a large Midwest crop tour.
* The actively traded December contract held technical chart support at its 50- and 200-day moving averages in overnight trading and rose to a six-week high.
* The U.S. Department of Agriculture (USDA) rated 55% of the U.S. corn crop in good to excellent condition as of Sunday, down from 57% in the previous week. Analysts had expected ratings to remain steady.
* Scouts on an annual tour of top U.S. production states estimated Ohio corn yields below last year. South Dakota yields were the lowest since 2012.
* CBOT December corn futures were up 16-1/2 cents at $6.45-1/2 per bushel.
SOYBEANS - Up 6 to 16 cents per bushel
* Soybeans rise on concerns about U.S. harvest prospects after the USDA cut weekly crop condition ratings and a Midwest farm tour confirmed reduced yield prospects due to drought. Improving U.S. export demand for new-crop shipments also supportive.
* The actively traded November contract broke through technical chart resistance at its 200-day moving average in overnight trading but hit overhead resistance at its 20- and 50-day averages.
* In its weekly crop progress report, the USDA rated 57% of the crop in good-to-excellent shape as of Sunday, down from 58% previously. Analysts had expected ratings to remain steady.
* Scouts on an annual tour of top U.S. production states estimated soybean pod counts in South Dakota and Ohio below last year.
* In an daily announcement, the USDA confirmed private sales of 110,000 tonnes of U.S. soybeans to China for shipment in the 2022/23 marketing year.
* CBOT November soybeans were last up 5-3/4 cents at $14.41 a bushel. (Reporting by Karl Plume; Editing by Paul Simao)
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