CHICAGO, June 25 (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 Wednesday.
WHEAT - Down 3 to 4 cents
CBOT wheat eased on ample global supplies as a ceasefire held in the conflict between Israel and Iran.
Agricultural consultancy Sovecon said on Wednesday it had slightly raised its forecast for Russian wheat production for 2025 by 0.2 million metric tons to 83.0 million metric tons, citing improved crop conditions in parts of central Russia.
CBOT September soft red winter wheat WU25 was last down 3-1/2 cents at $5.48-1/2 per bushel. K.C. September hard red winter wheat KWU25 was last down 4-1/2 cents at $5.45-1/4 per bushel, and Minneapolis September spring wheat MWEU25 was last up 1/2 cents to $6.42-1/2 per bushel.
CORN - Down 3 to 4 cents
CBOT corn fell as a ceasefire between Israel and Iran appeared to hold, turning attention to favorable weather in the U.S. corn belt.
Warm weather with rain is expected to aid crop development in the U.S. Midwest in the coming weeks, according to forecaster Commodity Weather Group.
Traders awaited the U.S. Department of Agriculture's grain stocks and planting data, due on Monday, that are among the most closely tracked estimates in the market.USDA/EST
CBOT December corn CZ25 was last down 3-1/2 cents at $4.25-1/2 per bushel.
SOYBEANS - Down 3 to 5 cents
CBOT soybeans weakened as a ceasefire between Israel and Iran appeared to hold, calming fears of supply chain issues for crude oil, which could have meant more demand for soyoil as a replacement fuel.
Warm, rainy weather in the U.S. Midwest is expected to aid crop development in the coming days, according to forecasters.
Investors anticipated the release of U.S. quarterly stocks and planting data to be released on Monday.
CBOT November soybeans SX25 were last down 4-1/2 cents at $10.32-1/2 per bushel.