CBOT Trends-Soybeans up 1-4 cents, corn and wheat steady to firmer
CHICAGO, Oct 8 (Reuters) - 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.
NOTE: The U.S. government remains shut down, suspending many government reports.
WHEAT - Steady to up 1/2 cent per bushel
CBOT wheat Wv1 futures were nearly unchanged at the daily break in trade, paring losses in technical moves, after the benchmark December contract WZ25 dipped to a one-week low. Ample global wheat supplies continue to pressure the market.
The dollar's strength this week, partly reflecting a drop in the euro amid a worsening political crisis in France, has curbed the competitiveness of U.S. grain overseas. USD/
CBOT December soft red winter wheat WZ25 was last up 1/4 cent at $5.07 per bushel. K.C. December hard red winter wheat KWZ25 was last down 1/2 cent at $4.91-1/2 a bushel and Minneapolis December wheat MWEZ25 last traded unchanged at $5.52 per bushel.
CORN - Steady to up 1 cent per bushel
Corn futures were flat to fractionally higher in early moves, supported by modest strength in soybeans, as market players await fresh direction. U.S. farmers continue to harvest what is projected to be a record-large corn crop, although the partial U.S. government shutdown has disrupted data on harvest progress.
The U.S. Department of Agriculture has said that Thursday's monthly World Agricultural Supply and Demand Estimates (WASDE) report is "suspended until further notice."
CBOT December corn CZ25 was last up 3/4 cent at $4.20-1/2 per bushel.
SOYBEANS - Up 1 to 4 cents per bushel
Soybean futures headed higher in early moves as traders monitored U.S. harvest progress while awaiting details of a U.S. farm aid package expected to be announced this week in response to a halt in Chinese imports of U.S. soy.
Brokers await the reopening of Chinese markets on Thursday, following the National Day holiday, for further indications about the country's demand.
CBOT November soybeans SX25 were last up 3-1/2 cents at $10.25-1/2 per bushel.
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