CBOT Trends-Wheat up 10-12 cents, corn up 1-4 cents, soy down 2-4 cents
CHICAGO, June 2 (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 Monday.
WHEAT - Up 10 to 12 cents per bushel
CBOT wheat Wv1 reached its highest since May 23 as a Ukrainian drone attack in Russia shifted attention back on the war between the two grain exporters.
Analysts also monitored unfavorable dryness in global growing areas, such as parts of Canada and Europe.
The U.S. Department of Agriculture is slated to report on the nation's winter wheat harvest and spring wheat crop conditions in a weekly report due later on Monday.
CBOT July soft red winter wheat WN25 was last up 11-3/4 cents at $5.45-3/4 per bushel. K.C. July hard red winter wheat KWN25 was last up 11-3/4 cents at $5.45 per bushel. Minneapolis July spring wheat MWEN25 was last up 8-1/4 cents at $6.33-3/4 a bushel.
CORN - Up 1 to 4 cents per bushel
CBOT corn Cv1 rose as traders waited for the USDA to issue weekly U.S. crop condition ratings. A week ago, ratings fell short of analysts' estimates.
June kicks off the summer growing season for U.S. corn.
Record volumes of U.S. ethanol have been churned out since late last year.
Consultancy AgRural increased its forecasts for Brazil's 2024/25 corn and soybean crops.
CBOT July corn CN25 was last up 3-1/4 cents at $4.47-1/4 per bushel.
SOYBEANS - Down 2 to 4 cents per bushel
CBOT soybeans Sv1 set the lowest price since April 17.
The market remained under pressure from expectations for ample supplies and uncertainty over biofuel demand, analysts said.
The U.S. soybean crush likely hit 6.055 million short tons in April, or 201.8 million bushels, analysts said ahead of a monthly USDA report due on Monday.
The trade dispute between Washington and Beijing put the focus back on tensions that have sidelined U.S. soybeans from the biggest export market.
CBOT July soybeans SN25 were last down 2-1/4 cents at $10.39-1/2 per bushel.
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