CBOT Trends-Wheat mixed, corn up 1-2 cents, soybeans down 3-4 cents

Reuters

CBOT Trends-Wheat mixed, corn up 1-2 cents, soybeans down 3-4 cents

2:22 chiều giờ GMT, 8 Tháng 11 2024

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Nov 8 (Reuters) -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. CST (1430 GMT) on Friday:

WHEAT - Up 2 cents to down 1 cent per bushel

* Wheat mixed as traders squared positions ahead of monthly supply and demand data from the U.S. Department of Agriculture (USDA) scheduled for 11:00 a.m. CST (1700 GMT).

* Showers are expected to continue easing wheat stress in the U.S. Plains and Midwest over the weekend, according to Commodity Weather Group.

* Delayed sowing because of heavy rain in western Europe has raised concerns over a potential repeat of last year's poor wheat conditions.

* CBOT December soft red winter wheat WZ24 was last up 1 cent at $5.72-1/2 per bushel. K.C. December hard red winter wheat KWZ24 was last down 2-3/4 cents at $5.66-1/4 a bushel and Minneapolis December spring wheat MWEZ24 was last down 3-3/4 cents at $5.98-3/4 a bushel.

CORN - Up 1 to 2 cents per bushel

* Corn firmer on solid export demand and traders squared positions ahead of the USDA's monthly supply and demand report, which is expected to show a slight decline in the national average corn yield.

* The USDA reported in a data release Thursday that farmers are likely to seed more corn in the upcoming marketing year.

* Weather in Argentina, one of the world's leading corn producers, is expected to be drier over the next 10 days, with stress on the crop rebuilding, according to Commodity Weather Group.

* Private exporters sold 200,480 metric tons of U.S. corn to unknown destinations for 2024/25 delivery, the USDA said.

* CBOT December corn CZ24 last traded up 1-3/4 cents at $4.29-1/4 per bushel.

SOYBEANS - Down 3 to 4 cents per bushel

* Soybeans ease in a profit-taking setback after reaching the highest point in nearly a month the previous day. Traders squaring positions ahead of the monthly USDA report, which is expected to show a slight drop in average yields.

* Soy in Argentina and Brazil is stable but dry weather in the next 10 days is expected to rebuild stress on recently planted crops, according to Commodity Weather Group.

* U.S. farmers are likely to reduce seedings of soybeans in the upcoming marketing year, according to the USDA.

* The USDA confirmed U.S. soybean export sales totaling 107,000 metric tons to China and 132,000 tons to unknown destinations for 2024/25 delivery.

* January soybeans SF25 were last down 4 cents at $10.22-1/4 per bushel.

Reporting by Renee Hickman

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