CHICAGO, Sept 23 (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 Tuesday.
WHEAT - Steady to up 1 cent per bushel
CBOT wheat futures were pressured by an expected boost to Argentine exports, which also weighed on the cereal market amid ample global supply.
Argentina on Monday temporarily eliminated export taxes on grains and their by-products, as well as on beef and poultry, in a bid to speed up sales abroad and rake in much-needed dollars to prop up the flagging peso.
Farmers continue to seed the U.S. winter wheat crop that will be harvested in 2026. The USDA said winter wheat planting was 20% complete, behind the five-year average of 23% and the average analyst estimate of 22%.
Meanwhile, the harvest of the 2025 spring wheat crop is nearly done, with 96% complete. The figure matched the five-year average pace but lagged the average analyst estimate of 97% complete.
CBOT December soft red winter wheat WZ25 was last up 1 cent at $5.11-3/4 per bushel. K.C. December hard red winter wheat KWZ25 last traded up 1/4 cent at $5.02-1/2 a bushel and Minneapolis December wheat MWEZ25 traded 1/2 cent higher at $5.64-1/2 a bushel.
CORN - Steady to up 1 cent per bushel
CBOT corn Cv1 futures traded near flat, with brisk U.S. exports and uncertainty over U.S. yields countering broad supply pressure.
The U.S. corn harvest was 11% complete by Sunday, according to the USDA.
The agency rated 66% of the corn crop in good-to-excellent condition, down 1 percentage point from last week and in line with the average estimate among 11 analysts surveyed in a Reuters poll.
Despite the decline, the corn ratings were still the highest for this time of year since 2018.
Drier weather this week in the U.S. Midwest is likely to limit harvesting delays, according to Commodity Weather Group.
CBOT December corn CZ25 was last up 3/4 cent at $4.22-1/2 per bushel.
SOYBEANS - Down 3 to 4 cents per bushel
CBOT soybean Sv1 futures fell further on Tuesday to hit a six-week low, pressured by a lack of Chinese demand for U.S. supplies and the prospect of increased competition from Argentina after the country waived grain export duties.
Argentina will remove export taxes on all grains for more than a month to boost the supply of dollars during that period, government spokesman Manuel Adorni said on Monday.
Argentina is the world's top exporter of soybean oil and meal.
The U.S. soybean harvest was 9% finished, government data showed on Monday, while soybean conditions were rated 61% good-to-excellent, down 2 percentage points from last week.
CBOT November soybeans SX25 were last down 4 cents at $10.07 per bushel.