CBOT Trends-Wheat up 2-3 cents, corn down 1-2, soybeans down 7-9
CHICAGO, March 13 (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 2 to 3 cents per bushel
Wheat ticked higher on drought concerns in the U.S. winter wheat belt.
CBOT May soft red winter wheat WK26 was last up 2-1/2 cents at $6.01 per bushel. K.C. May hard red winter wheat KWK26 was last up 1 cent at $6.14-1/2 per bushel, while Minneapolis May spring wheat MWEK26 was up 4-1/2 cents at $6.39 per bushel.
CORN - Down 1 to 2 cents per bushel
Corn eased as crude oil prices ticked lower.
Corn is often used as a feedstock for biofuels.
Crude futures ticked down after the United States issued a 30-day waiver allowing countries to buy Russian oil and petroleum products stranded at sea, easing supply concerns caused by the U.S.-Israeli war with Iran. O/R
Corn has also drawn some support from expectations that rising fuel and fertilizer costs may lead farmers to cut back on planting the crop, which is relatively intensive in inputs.
U.S. grain prices have surged since the Iran war began, triggering a flurry of corn and soybean sales by farmers who squirreled away last year's harvests due to weak prices.
CBOT May corn CK26 was last down 1-1/2 cents at $4.61 per bushel.
SOYBEANS - Down 7 to 9 cents per bushel
Chicago soybeans edged lower on Friday after hitting a near two-year high in the previous session, as a pause in oil's rally and a stronger dollar helped curbed prices.
Markets were also awaiting a meeting this weekend between U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, to gauge prospects for a planned visit by U.S. President Donald Trump to China at the end of March.
Chinese imports of U.S. soybeans are a major issue as the geopolitical rivals pursue protracted trade talks.
Brazil's 2025/26 soybean output is expected to reach a record 177.85 million metric tons, national crop agency Conab said on Friday, slightly trimming its February forecast of 177.98 million tons.
CBOT May soybeans SK26 were last down 9-3/4 cents at $12.17-1/2 per bushel.
