CHICAGO, July 16 (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 1 to 3 cents per bushel
Wheat futures ease on ample global supplies and sluggish demand.
Russian agricultural consultancy Sovecon raised its wheat crop forecast to 83.6 million tons from 83.0 million previously.
Farm office FranceAgriMer on Wednesday forecast that French soft wheat exports outside the EU in the 2025/26 season could more than double from 2024/25.
CBOT September soft red winter wheat WU25 was last down 2 cents at $5.36 per bushel. K.C. September hard red winter wheat KWU25 was last 1 cent lower at $5.22-3/4 per bushel. Minneapolis September wheat MWEU25 was last down 1 cent at $6.02-1/4 a bushel.
CORN - Up 2 to 6 cents per bushel
Corn higher for a third straight session, supported by short covering after most contracts hit lifetime lows this week. Good U.S. crop conditions and favourable Midwest crop weather capped gains.
CBOT December corn CU25 was last 5 cents higher at $4.24-3/4 per bushel.
SOYBEANS - Up 6 to 10 cents per bushel
Soybeans higher on short covering and hopes for better demand after the U.S. announced a trade deal with major importer Indonesia. Good U.S. crop conditions and favourable Midwest crop weather capped gains.
Indonesia and the U.S. reached a trade deal that led to a reduction of proposed tariff rates to 19% from 32%. U.S. President Donald Trump said Indonesia, a top-five U.S. soybean importer, had committed to purchasing $4.5 billion in U.S. agricultural products.
The U.S. Department of Agriculture confirmed private export sales of 120,000 metric tons of U.S. soybeans to undisclosed destinations for shipment in the 2025/26 marketing year.
CBOT November soybeans SX25 were last 9-3/4 cents higher at $10.11-1/2 per bushel.