CBOT Trends-Wheat up 12-13 cents, corn up 3-4, soybeans up 3-4
CHICAGO, Feb 27 (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. CST (1430 GMT) on Friday:
WHEAT - Up 12 to 13 cents per bushel
CBOT wheat rose to fresh multi-month highs on Friday as investor concerns about the risk of a U.S.-Iran military conflict supported short-covering before the weekend.
Rain and warmer weather in the U.S. Plains has eased concerns for the U.S. winter wheat crop.
Ratings of French soft wheat crops showed 84% were in good or excellent condition by February 23, down from 88% a week earlier and up from 73% a year ago, farm office FranceAgriMer said on Friday.
May soft red winter wheat WK26 was last 12-1/2 cents higher to $5.87 per bushel. K.C. May hard red winter wheat KWK26 was last up 14-1/2 cents to $5.76-3/4 per bushel and Minneapolis May spring wheat MWEK26 fell 1/2 cent to $5.83 per bushel
CORN - Up 3 to 4 cents per bushel
CBOT corn futures Cv1 ticked higher in technical trading ahead of the weekend and month's end.
CBOT May corn CK26 rose 4 cents to $4.47-1/2 per bushel.
SOYBEANS - Up 3 to 4 cents per bushel
Chicago soybeans edged higher to trade near a 20-month peak, with the oilseed also supported by expectations of more export and biofuel demand.
A Reuters report on Thursday, which said the U.S. administration plans to require big oil refineries to make up for at least half of the biofuel blending exemptions, reinforced expectations that upcoming revisions to U.S. biofuel policy will boost demand for feedstocks like soyoil.
Traders are also watching to see if China extends purchases of U.S. soybeans after a Supreme Court ruling against some U.S. tariffs prompted President Donald Trump to introduce other levies.
CBOT May soybeans SK26 were up 5-3/4 cents to $11.69-1/4 per bushel.
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