Wheat mixed, corn down 1-2 cents, soy­beans down 1-4

The Financial Daily - - NATIONAL -

CHICAGO: Fol­low­ing are US trade 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 Thurs­day.

NOTE: The US De­part­ment of Agri­cul­ture (USDA) will re­lease its monthly sup­ply and de­mand pro­jec­tions at 11:00 a.m. CDT (1600 GMT).

Weekly ex­port sales data, nor­mally is­sued on Thurs­day morn­ing, is sched­uled for re­lease on Fri­day fol­low­ing a fed­eral hol­i­day this week.

WHEAT - Up 2 cents to down 2 cents

Fu­tures mixed as traders po­si­tion ahead of Thurs­day's USDA re­port which is ex­pected to show larger US and global wheat stocks.

Rus­sia, the world's top wheat ex­porter, will in­spect grain load­ing at ports due to com­plaints from ma­jor buy­ers about fall­ing crop stan­dards, the head of agri­cul­ture safety watch­dog said.

CBOT De­cem­ber wheat last traded 3/4 cent higher at $5.11-1/4 per bushel. K.C. De­cem­ber hard red win­ter wheat was last 3/4 cent higher at $5.17 and MGEX De­cem­ber spring wheat added 1/2 cent to $5.92-1/4.

CORN - Down 1 to 2 cents

Po­si­tion­ing ahead of Thurs­day's USDA sup­ply/de­mand re­port weigh­ing on prices. Drier Mid­west weather ex­pected to boost the har­vest pace fol­low­ing this week's rain de­lays.

Brazil is ex­pected to in­crease corn pro­duc­tion and ex­ports in the 2018/19 sea­son, ac­cord­ing to agri­cul­ture sta­tis­tics agency Conab.

CBOT De­cem­ber corn last traded 1-3/4 cents lower at $3.61 per bushel.

SOY­BEANS - Down 1 to 4 cents per bushel

Po­si­tion­ing ahead of Thurs­day's USDA sup­ply/de­mand re­port weighed on prices, along with con­cerns about a pro­longed US-China trade war that is re­strict­ing de­mand for soy­beans.

Fu­tures also pres­sured by drier Mid­west weather that is ex­pected to boost the har­vest pace fol­low­ing this week's rain de­lays.

Brazil's soy­bean crop in 2019 may drop slightly from 2018, and ex­ports are seen dip­ping by 1 mil­lion tonnes, ac­cord­ing to agri­cul­ture sta­tis­tics agency Conab.

CBOT Novem­ber soy­beans last traded down 33/4 cents at $8.48-1/2 a bushel.

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