CBOT Trends-Wheat up 1-3 cents, corn steady-down 1, soybeans steady-down 1
CHICAGO, Oct 3 (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 Friday.
WHEAT - Up 1 to 3 cents per bushel
CBOT wheat Wv1 firmed as the U.S. dollar headed for its worst week since late July, but the U.S. government shutdown cast a bearish tone on the overall market.
A weaker dollar tends to make U.S. exports cheaper and therefore more competitive on the global market.
The Taiwan Flour Millers' Association purchased an estimated 80,550 metric tons of milling wheat to be sourced from the United States in a tender on Thursday, European traders said on Friday.
CBOT December soft red winter wheat WZ25 was last up 2-1/2 cents at $5.17-1/4 per bushel. K.C. December hard red winter wheat KWZ25 was 2 cents higher at $5.01 per bushel, while Minneapolis December wheat MWEZ25 rose 1-1/4 cents to $5.61-3/4 per bushel.
CORN - Steady to down 1 cent
Corn futures traded near unchanged on a weaker dollar and beneficial harvest weather.
Warm and dry weather over the U.S. Corn Belt promoted harvest progress over the weekend, and forecasts called for more of the same this week.
Commodity brokerage StoneX on Wednesday lowered its estimate of the average U.S. 2025 corn yield to 185.9 bushels per acre (bpa), down from 186.9 in its previous monthly report released on September 4.
CBOT December corn CZ25 fell 3/4 cent at $4.21 per bushel.
SOYBEANS - Steady to down 1 cent
CBOT soy Sv1 Chicago soybean futures traded flat to lower after a two-day rally fuelled by hopes that upcoming U.S.-China talks could revive stalled soybean trade.
U.S. Treasury Secretary Scott Bessent on Thursday predicted a "pretty big breakthrough" from the Trump-Xi talks while also flagging U.S. government aid for soybean farmers.
Ignoring the U.S., China has recently ramped up soybean purchases from South America, including a large volume of Argentine soybeans last week during a brief export tax waiver.
CBOT November soybeans SX25 were last down 1/4 cent at $10.23-1/2 per bushel.
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