CHICAGO, Jan 6 (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 Tuesday:
WHEAT - Steady to down 1 cent per bushel
Wheat futures chopped up and down, though dry conditions in the U.S. Plains and rising tensions in the Black Sea export region supported prices under pressure from ample global supplies.
Traders also kept a close watch on the Black Sea export corridor. On Monday, Russia launched five missile strikes on Ukraine's Kharkiv, damaging energy infrastructure, and attacked an enterprise owned by U.S. agricultural producer Bunge BG.N in the southeastern city of Dnipro, Ukrainian officials said.
CBOT March soft red winter wheat WH26 was last unchanged at $5.12-1/2 per bushel. K.C. March hard red winter wheat KWH26 was last up 1-1/4 cents to $5.22 a bushel and Minneapolis March spring wheat MWEH26 was last down 3/4 cent to $5.70-1/2 per bushel.
CORN - Steady to down 1 cent per bushel
Corn futures were choppy amid a light trade as traders weighed export demand and adjusted positions during the first full week of the new year.
CBOT March corn CH26 was last down 1/4 cent at $4.44-1/4 per bushel.
SOYBEANS - Up 2 to 5 cents per bushel
Soybeans moved higher after China's state stockpiler Sinograin bought 10 U.S. soybean cargoes this week, three traders told Reuters on Tuesday.
The cargoes, totaling around 600,000 metric tons, are for shipment between March and May, with overall U.S. soybean purchases now approaching 10 million tons, the traders said.
That represents over 80% of the 12 million metric tons that U.S. Treasury Secretary Scott Bessent said China pledged to buy by the end of February.
The U.S. Department of Agriculture on Tuesday morning reported exporters sold 336,000 metric tons of soybeans to China for 2025/26 delivery.
CBOT March soybeans SH26 were last up 4-1/2 cents to $10.66-1/2 per bushel.
(Reporting by Heather Schlitz)
((Heather.Schlitz@thomsonreuters.com;))
Comments