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