CHICAGO, May 8 (Reuters) - Following are U.S. trade
expectations for the reopening of the Chicago Board of Trade
grain and soy complex trading at 8:30 a.m. CDT (1330 GMT) on
Wednesday.
WHEAT - Down 1 to 2 cents per bushel.
Better winter wheat growing weather in the Midwest SRW region
and Plains HRW region lending some pressure in addition to
weight from improved weather prospects for spring wheat
plantings in the north. Consolidation trade ahead of the release
on Friday of USDA's May winter wheat production and
supply/demand reports. CBOT July last down 1/2 cent per
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bushel. KCBT July last down 1/2. MGEX July last
down 3/4.
CORN - Down 2 to 4 cents per bushel.
Improved U.S. corn planting weather seen over the next week
to 10 days lending pressure, led by a decline in new-crop
December. Positioning surfacing ahead of the release on Friday
of USDA's May supply/demand report. July corn last down
1-3/4 cents. New-crop December down 4-1/2.
SOYBEANS - Up 2 to 10 cents per bushel.
Led higher by old-crop contracts due to shrinking supplies of
U.S. soy, strong cash markets, slow farmer selling and continued
strong demand for soy. Improved crop seeding weather in the U.S.
slowing gains in new-crop November. July soybeans were
last up 5 cents. November up 3/4 cent. Dalian July
soybeans higher, soymeal higher and soyoil
higher.
(Reporting by Sam Nelson; Editing by Chizu Nomiyama)
XxCBOT early calls: Wheat down 1-2, corn down 2-4, soy up 2-10
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