CBOT Trends-Wheat mixed, corn steady-down 1 cent, soybeans steady-down 4 cents
CHICAGO, Aug 8 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading on Friday:
WHEAT - Down 1 to up 1 cent per bushel
Wheat futures were choppy after a decline in prices triggered some demand for U.S. exports.
Northern Hemisphere wheat harvests have been flooding the market with new-crop grain. Export competition is strong and demand not large enough to support prices.
Cheap prices have, however, stimulated demand. Weekly U.S. export sales reported by the U.S. Department of Agriculture (USDA) on Thursday showed wheat, corn and soybean volumes above market estimates.
Consultancy IKAR said on Friday it had raised its 2025 Russian wheat crop forecast to 84.5 million metric tons from 84.0 million previously, supporting expectations that harvest results were improving in the world's biggest wheat exporter after disappointing early reports.
Farmers in Argentina have sown a larger wheat area this year than last year and early crop conditions are highly favourable, the Buenos Aires Grains Exchange said.
CBOT September soft red winter wheat WU25 last traded flat at $5.18-1/4 per bushel. K.C. September hard red winter wheat KWU25 was last down 1/4 cent at $5.21-1/4 per bushel. Minneapolis September wheat MWEU25 was last up 1-3/4 cents at $5.75-3/4 a bushel.
CORN - Steady to down 1 cent per bushel
Corn futures traded slightly lower, pressured by ample global supplies but supported as low prices sparked some demand.
The U.S. Department of Agriculture reported total weekly net export sales of corn in the week ended July 31 at 3,333,600 metric tons.
The U.S. is expected to produce bumper corn harvests later in the year. Analysts polled by Reuters think the U.S. Department of Agriculture will raise its estimates in a monthly report due on August 12.
CBOT December corn CU25 was last down 1/2 cent to $4.06-1/2 per bushel.
SOYBEANS - Steady to down 4 cents per bushel
Soybean futures fell on expectations of large harvests but received some support as the week's lows inspired bargain buying and export interest.
The U.S. Department of Agriculture reported total weekly net export sales of soybeans in the week ended July 31 at 1,012,800 metric tons.
CBOT November soybeans SX25 were last down 3 cents at $9.90-3/4 per bushel.
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