CBOT Trends-Wheat up 6-12 cents, corn up 2-4, soybeans steady-down 3 cents
CHICAGO, April 28 (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 - Up 6 to 12 cents per bushel
Wheat futures stronger on concerns about ongoing drought in the U.S. Plains wheat belt and as crude oil prices pushed higher.
Benchmark CBOT July wheat WN26 rose to the highest level for a most-active contract Wv1 since June 2024 during overnight trading.
The U.S. Department of Agriculture on Monday said 30% of the nation's winter wheat crop was in good to excellent condition as of Sunday, unchanged from a week earlier.
Showers later this week could alleviate some of the drought stress on crops, but some areas may have already experienced yield loss and the rain is forecast to miss other dry areas, meteorologists said.
CBOT July soft red winter wheat WN26 was last up 11-1/4 cents at $6.41 per bushel. K.C. July hard red winter wheat KWN26 was last up 15-1/4 cents at $6.90-1/2 per bushel, and Minneapolis July spring wheat MWEN26 was last up 9-1/2 cents at $7.04 per bushel.
CORN - Up 2 to 4 cents per bushel
Corn futures rise on strong demand and higher crude oil prices. Scattered Midwest planting delays due to rain this week are also supporting the market.
Midwest rains are expected to taper by the middle of the week so farmers are unlikely to remain sidelined for long.
The USDA said corn planting was 25% complete by Sunday, ahead of the average analyst estimate of 23% and the five-year average pace of 19%.
CBOT July corn CN26 was last up 3-3/4 cents at $4.73 per bushel.
SOYBEANS - Steady to down 3 cents per bushel
Soybeans ease following strong gains on Monday, weighed down by ample supplies amid bumper harvests in South America.
The USDA said soybean planting was 23% complete as of Sunday, ahead of the average trade estimate of 22% and the five-year average of 12%.
CBOT July soybeans SN26 were last down 2 cents at $11.90 per bushel.
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