
CHICAGO, July 7 (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 - Down 8 to 13 cents per bushel
CBOT wheat slumped as ample supplies from ongoing Northern Hemisphere harvests weakened sentiment.
Showers over the next 10 days should slowly ease early rain deficits in Argentina's wheat crop, according to forecaster Commodity Weather Group.
The EU will cut Ukrainian wheat imports by up to 80% to address its farmers' concerns, quotas showed on Friday. The move that could steer Ukrainian exports to Asia and Africa.
The U.S. Department of Agriculture is expected to release its weekly crop progress report on Monday.
China has approved the import of soybean meal from Ethiopia, a Chinese customs statement showed, as part of efforts to broaden its protein sources amid a trade war between Beijing and Washington.
CBOT September soft red winter wheat WU25 was last down 12-1/4 cents to $5.44-1/2 per bushel. K.C. September hard red winter wheat KWU25 was last down 12 cents to $5.24 per bushel. Minneapolis September wheat MWEU25 was last down 8 cents to $6.39-1/4 a bushel.
CORN - Down 10 to 13 cents per bushel
CBOT corn sagged on expectations of bumper U.S. production as trading resumed after the U.S. Fourth of July holiday on Friday.
Showers and milder temperatures are expected to limit stress to crops in the U.S. Midwest this week, according to Commodity Weather Group.
Farmers in Brazil's center-south had harvested 28% of their 2025 second corn crop as of last Thursday, agribusiness consultancy AgRural said on Monday, up 10 percentage points from the previous week but well below the 63% reported a year earlier.
CBOT December corn CU25 was last down 12-1/2 cents to $4.24-1/2 per bushel.
SOYBEANS - Down 10 to 22 cents per bushel
CBOT soybeans took a nose dive on expectations of a large U.S. crop and the uncertain outcome of trade talks between the United States and its key partners, particularly China, the world's largest soybean importer.
The United States is close to finalizing several trade pacts in the coming days and will notify other countries of higher tariff rates by July 9, President Donald Trump said on Sunday, with the higher rates set to take effect on August 1.
Showers and mild weather are expected to provide favorable growing conditions this week, according to forecasters.
CBOT November soybeans SX25 were last down 21-3/4 cents to $10.27-1/2 per bushel.