CHICAGO, June 24 (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 Tuesday.
WHEAT - Down 9 to 10 cents
CBOT wheat sagged on Tuesday on a proposed ceasefire between Israel and Iran as the harvest advanced.
U.S. President Donald Trump said a ceasefire has been agreed on between Iran and Israel, though he later accused both sides of violating the accord.
Egypt's state grains buyer, one of the world's largest wheat importers, has purchased several hundred thousand metric tons of wheat in the past weeks for delivery in July and August, traders and sources told Reuters on Tuesday.
The U.S. Department of Agriculture rated 49% of the U.S. winter wheat crop and 54% of the spring crop good to excellent as of Sunday in its weekly crop progress and condition report. Those ratings were both 3 points below the previous week and 3 points below the average analyst estimates in a Reuters poll.
The winter wheat crop harvest accelerated to 19% complete, up from 10% last week and just shy of the average analyst estimate of 20%.
CBOT September soft red winter wheat WN25 was last down 10 cents at $5.42-3/4 per bushel. K.C. July hard red winter wheat KWN25 was last down 9-1/4 cents at $5.40-3/4 per bushel, and Minneapolis July spring wheat MWEN25 slipped 7-1/2 cents to $6.19-1/4 per bushel.
CORN - Down 1 to 2 cents
CBOT corn fell to new 2025 lows on broadly favorable weather in the U.S. Midwest and a proposed ceasefire between Israel and Iran.
U.S. corn crop conditions worsened over the past week but remained the strongest in five years for this point of the growing season, according to the USDA's weekly crop report.
The share of U.S. corn rated good to excellent as of June 22 fell to 70%, down 2 points from a week earlier and 2 points below the average estimate from 12 analysts polled by Reuters.
A mix of heat and rain in the coming days is expected to aid U.S. crop development, forecasters said.
CBOT July corn CN25 was last down 2 cents at $4.17-1/4 per bushel.
SOYBEANS - Down 3 to 7 cents
CBOT soybeans Sv1 ticked down on the prospect of a ceasfire between Israel and Iran, although uncertainty remained as Trump accused both sides of violating the ceasefire.
Oil prices extended losses on Tuesday to hit a two-week low on what the market viewed as lower risk of supply disruptions in the Middle East. Soyoil is closely connected to crude prices because it is used in biofuel as a substitute for fossil fuel.
The USDA rated soybean conditions lower than anticipated at 66% good to excellent, unchanged from last week but a point below the average analyst estimate. Planting of that crop was 96% finished as of Sunday, the agency said.
Warm, rainy weather in the U.S. Midwest is expected to aid crop development in the coming days, according to forecasters.
CBOT July soybeans SN25 were last down 3-1/2 cents at $10.55-1/4 per bushel.