Wheat down 3-5 cents, corn and soybeans steady-down 2
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 Thursday.
WHEAT - Down 3 to 5 cents per bushel
Wheat futures lower on plentiful global supplies and a firmer U.S. dollar.
Net U.S. wheat export sales totaled 494,400 metric tons in the week ended July 10, the U.S. Department of Agriculture said in a weekly report on Thursday. The sales were in line with analyst estimates for 300,000 to 700,000 tons.
CBOT September soft red winter wheat (WU25) was last down 5 cents at $5.36-1/4 per bushel. K.C. September hard red winter wheat (KWU25) was last 3 cents lower at $5.19-3/4 per bushel. Minneapolis September wheat (MWEU25) was last down 1-1/4 cents at $5.98-1/4 a bushel.
CORN - Steady to down 2 cents per bushel
Corn weak on favourable U.S. Midwest crop weather and demand concerns as weekly U.S. export sales fell short of expectations.
Adding further pressure to corn, President Donald Trump said on Wednesday that Coca-Cola <KO.N> had agreed to use cane sugar in its beverages in the U.S. after his discussions with the company. Coca-Cola produced for the U.S. market is typically sweetened with corn syrup.
Net U.S. corn export sales in the week ended July 10 dropped to 97,600 metric tons for shipment in the 2024/25 marketing year, the USDA said, well short of trade estimates for at least 500,000 tons in sales. New-crop corn sales of 565,900 tons were within the range of trade estimates.
CBOT December corn (CU25) was last 1 cent lower at $4.23 per bushel.
SOYBEANS - Steady to down 2 cents per bushel
Soybeans steady to lower on good U.S. crop development weather and demand concerns as top importer China has not made its usual purchases for post-harvest shipment amid trade tensions between Washington and Beijing.
Net U.S. soybean export sales last week fell to 271,900 metric tons for shipment in the 2024/25 season, the USDA said, in line with estimates for 200,000 to 600,000 tons. New-crop sales of 529,600 tons topped expectations for 150,000 to 400,000 tons in sales.
CBOT November soybeans (SX25) were last 1/2 cent lower at $10.20 per bushel.
