CHICAGO, June 12 (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 firmed as the U.S. dollar fell against a group of other currencies with lingering uncertainty over U.S. trade deals surrounding its tariff policies and heightened expectations of Federal Reserve rate cuts this year.
A weaker dollar tends to make U.S. exports less expensive and more competitive to holders of other currencies.
Market players await monthly supply/demand reports due from the U.S. Department of Agriculture (USDA) that will include updated estimates of U.S. 2025 wheat production. Analysts surveyed by Reuters on average expected the agency to increase slightly its estimate of the U.S. harvest.
Tunisia's state grains agency has issued an international tender to purchase an estimated 75,000 metric tons of soft milling wheat, European traders said on Wednesday.
Ahead of the USDA's weekly export sales report, analysts expected the government to report sales of U.S. new-crop wheat in the week ended June 5 at 400,000 to 600,000 metric tons.
CBOT July soft red winter wheat WN25 was last up 1-1/4 cents at $5.35-1/2 per bushel. K.C. July hard red winter wheat KWN25 rose 1-3/4 cents to $5.28 per bushel, and Minneapolis July spring wheat MWEN25 gained 6-1/2 cents to $6.23-3/4 per bushel.
CORN - Up 2 to 4 cents
CBOT corn ticked higher on a falling U.S. dollar as traders positioned before the USDA's monthly supply/demand report.
Ahead of the USDA's monthly supply/demand reports, analysts surveyed by Reuters on average expected the USDA to trim its forecasts of domestic old- and new-crop corn stockpiles, given a brisk pace of export sales.
Ahead of the USDA's weekly export sales report, analysts expected the government to report sales of U.S. old-crop corn in the week ended June 5 at 700,000 to 1,200,000 metric tons.
CBOT July corn CN25 was last up 3 1/4 cents at $4.40-1/4 per bushel.
SOYBEANS - Up 3 to 5 cents
CBOT soybeans Sv1 firmed as traders positioned ahead of the USDA's monthly supply/demand report, but futures were pressured by disappointment over a lack of agricultural commitments in a U.S.-China trade war truce.
On Wednesday, U.S. President Donald Trump expressed satisfaction with a deal to restore a fragile truce in the U.S.-China trade war, but grain traders noted agricultural trade was not mentioned, cooling hopes for a revival in massive soybean flows choked by Chinese retaliatory tariffs.
Brazil's soybean production forecast for the 2024/25 season, which is almost over nationwide, has been raised to 169.60 million metric tons from 168.34 million tons, national crop agency Conab said in a report on Thursday.
Ahead of the USDA's monthly supply/demand report, analysts surveyed by Reuters expected few changes for U.S. and global soybean balance sheets.
Ahead of the USDA's weekly export sales report, analysts expected the government to report sales of U.S. old-crop soybeans in the week ended June 5 at 100,000 to 500,000 metric tons.
July soybeans SN25 were last up 2 cents at $10.52-1/2 per bushel.