Wheat down 1-2 cents, corn up 1-down 1, soy down 4-6
CHICAGO: The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Friday.
Wheat - Down 1 to 2 cents per bushel
CBOT wheat futures fell on expectations of a large global wheat crop.
Agricultural consultancy Sovecon on Thursday raised its forecast for Russia's wheat exports for the 2025-2026 season by 1.1 million metric tons to 40.8 million tons, citing improved weather conditions for the harvest.
Russia plans to export 53.0 million metric tones of grain, including 44.5 million tonnes of wheat, in the 2024-2025 season, Russian deputy prime minister Dmitry Patrushev said on Friday.
The U.S. Department of Agriculture reported U.S. wheat export sales losses of 128,800 metric tons, in line with analyst expectations.
CBOT July soft red winter wheat was last down ½ cent at $5.33-1/2 per bushel. K.C. July hard red winter wheat was last up 1/4 cent at $5.32 per bushel. Minneapolis July spring wheat was last up 3-1/2 cents at $6.19 a bushel.
Wheat down 8-9 cents, corn down 1-2, soy up 5-6
Corn - Down 1 cent to up 1 cent per bushel
Corn futures were mixed as traders weighed Brazil's large upcoming corn crop with large export sales reported on Thursday by the U.S. Department of Agriculture.
The USDA reported export sales of corn for the current marketing year at 916,700 tons, in line with expectations.
U.S. exporters sold 210,560 metric tons of corn to unknown destinations.
CBOT July corn was last up 3/4 cent at $4.47-3/4 per bushel.
Soybeans - Down 4 to 6 cents per bushel
Soybean futures ticked lower to hold near Thursday's three-week low, curbed by expectations of ample supplies along with uncertainty over biofuel demand as the U.S. government considers waivers for oil refiners.
Traders are assessing a Reuters report that the White House is considering a plan to clear a record backlog of requests from small refineries for exemptions from U.S. biofuel laws.
The USDA reported export sales of soybeans clocked in at 146,000 tons, below a range of analyst expectations.
CBOT July soybeans were down 4-3/4 cents at $10.47 per bushel.
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