Corn futures led the grains and oilseed complex up at the Chicago Board of Trade on Thursday amid expectations for a cut in the harvest production estimate in the government's upcoming crop report, traders said. Ukraine's decision to limit grain exports for the rest of the year, as well as good export demand, also lent support.
CBOT grain and soya complex trends at 10:08 am CDT (1508 GMT) on Thursday:
December wheat up 8-3/4 cents at $6.67 per bushel. USDA pegged export sales of US wheat last week at 808,400 tonnes, above estimates for 450,000 to 650,000. Ukraine caps grain exports until year-end.
December corn up 7-1/2 cents at $4.96 per bushel. Exporters sell 822,960 tonnes US corn to Mexico, said USDA. November soyabeans up 8 cents at $10.70 a bushel. USDA pegged export sales of US soy last week at 947,400 tonnes, near the high end of a range of estimates for 750,000 to 950,000.
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