CHICAGO, July 29 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading on Tuesday.
WHEAT - Down 7 to 8 cents per bushel
Wheat futures fell as harvests progressed and the dollar gained strength.
The U.S. dollar rose as the Euro weakened in the wake of a trade deal between the U.S. and the European Union that markets are increasingly seeing as favoring the former.
A stronger dollar tends to make U.S. exports more expensive and less competitive to holders of other currencies.
The U.S. Department of Agriculture rated 49% of the nation's spring wheat crop as good or excellent in a weekly report released Monday, and said harvesting was 1% complete. Analysts expected the rating to stay unchanged from last week at 52%.
The USDA said winter wheat harvesting was 80% complete, compared to 73% a week ago and analysts' estimates of 82%.
CBOT September soft red winter wheat WU25 was last down 7 cents at $5.31-1/2 per bushel. K.C. September hard red winter wheat KWU25 was last down 5 cents at $5.21 per bushel. Minneapolis September wheat MWEU25 was last down 1-1/2 cents at $5.80 a bushel.
CORN - Steady to down 1 cent per bushel
Corn futures edged down, pressured by large U.S. harvests amid benign weather across the Midwest, but supported by an unexpected slip in U.S. crop ratings.
The condition of the U.S. corn crop worsened slightly over the past week, the USDA said on Monday, though the decline was not expected to significantly diminish the harvest.
The USDA rated 73% of the corn crop as being in good or excellent condition as of Sunday, compared to 74% a week earlier and in line with analysts' estimates in a Reuters poll.
Hot temperatures in the U.S. Midwest are expected to ease from the middle of the week, with cooler temperatures overnight aiding crop development, according to Commodity Weather Group.
CBOT December corn CU25 was last down 1/2 cent at $4.13-1/2 per bushel.
SOYBEANS - Steady to down 1 cent per bushel
Soybean futures ticked down on abundant global supplies and beneficial weather in growing regions of the U.S. Midwest.
The USDA rated 70% of the nation's soybean crop as being in good or excellent condition, up from 68% last week. Analysts expected 67%, which would have matched last year's rating.
After a burst of heat in the Midwest, cooler temperatures should benefit the U.S. soy crop starting midweek, according to Commodity Weather Group.
CBOT November soybeans SX25 were last down 1/2 cent at $10.11 per bushel.