CBOT Trends-Wheat up 1-2 cents, corn down 2-4, soy down 3-4
CHICAGO, May 29 (Reuters) - The 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. CDT (1330 GMT) on Thursday.
WHEAT - Up 1 to 2 cents per bushel
CBOT wheat futures eased slightly with a stronger dollar helping to keep a lid on prices despite lower-than-expected U.S. crop ratings.
Sluggish demand and expectations that a strong Northern Hemisphere harvest will keep the market well supplied also weighed on the market.
The European Commission on Wednesday slightly raised its forecast for usable production of common wheat in the EU in 2025/26.
Agricultural consultancy Sovecon on Thursday raised its forecast for Russia's wheat exports for the 2025-2026 season by 1.1 million metric tons to 40.8 million metric tons.
CBOT July soft red winter wheat WN25 was last up 1 cent at $5.31-1/4 per bushel. K.C. July hard red winter wheat KWN25 was last up 3 cents at $5.28-1/4 per bushel. Minneapolis July spring wheat MWEN25 was last up 3-1/4 cents at $6.06-1/2 a bushel.
CORN - Down 2 to 4 cents per bushel
Corn futures slipped on good planting progress and positive growing weather, though underwhelming crop condition ratings added a floor to prices.
A stronger dollar, which was triggered by a U.S. federal court blocking President Donald Trump's "Liberation Day" tariffs from going into effect, has made U.S. goods less competitive globally.
U.S. exporters sold 104,000 metric tons of corn to Mexico and 101,096 tons of corn to unknown destination for 2024/25 delivery, the U.S. Department of Agriculture reported.
CBOT July corn CN25 was last down 4-1/4 cents at $4.46-3/4 per bushel.
SOYBEANS - Down 3 to 4 cents per bushel
Soybean futures ticked down on rapid planting progress, sluggish demand and a stronger dollar.
CBOT July soybeans SN25 were down 4-1/4 cents at $10.46-3/4 per bushel.
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