Following are US trade expectations for the resumption of grain and soya complex trading Wheat down 5 to 6 cents per bushel at the Chicago Board of Trade at 8:30 am CDT (1330 GMT) on Thursday. Wheat lower on profit-taking a day after the benchmark CBOT July soft red winter wheat contract reached a near nine-month top, and on beneficial rains in parts of the US Plains winter wheat belt.
The USDA reported export sales of US wheat in the week to April 26 at 445,100 tonnes (old and new crop years combined), in line with trade expectations. The CBOT reported no May wheat deliveries and 86 K.C.
May wheat deliveries. The MGEX reported no May spring wheat deliveries. CBOT July soft red winter wheat last traded down 5 cents at $5.21-3/4 per bushel. K.C. July hard red winter wheat was last down 4-1/2 cents at $5.50-3/4 and MGEX July spring wheat was down 4-3/4 cents at $6.19-3/4 a bushel.
Corn steady to down 1 cent per bushel. Corn steady to lower, with the CBOT July contract consolidating near Tuesday's near nine-month high. Market underpinned by strong weekly export sales and worries about dry conditions stressing Brazil's second-crop corn. Rains in the Midwest in the last day should slow planting progress but offer welcome soil moisture.
The USDA reported export sales of US corn in the week to April 26 at 1,069,200 tonnes (old and new crop years combined), in line with trade expectations. The CBOT reported 478 deliveries against May corn futures. CBOT July corn last traded unchanged at $4.05 a bushel.
Soyabeans mixed, down 1 cent per bushel to up 1. Soyabeans mixed, seeking direction. Rains in the Midwest in the last day should slow planting progress but offer welcome soil moisture.
Deliveries against CBOT May soyabeans totaled 68 contracts. The CBOT reported four May soyameal deliveries and 280 May soyaoil deliveries. CBOT July soyabeans last traded down 1/4 cent at $10.42-3/4 per bushel.
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