CBOT Trends-Corn down 3-5 cents a bushel, wheat and soy steady-mixed

Reuters
14 Mar
CBOT Trends-Corn down 3-5 cents a bushel, wheat and soy steady-mixed

CHICAGO, March 14 (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 Friday.

WHEAT - Steady to mixed

* CBOT wheat futures traded mixed, as expectations of lower exports from Russia helped underpin prices.

* IKAR consultancy has cut its baseline 2024/25 wheat export forecast for Russia, the world's biggest supplier, to around 41 million tons from 42.5 million tons.

* In Ukraine, farmers are expected to plant more spring wheat this year, the agriculture minister said.

* CBOT May soft red winter wheat WK25 was last down 1/2 cent at $5.62 per bushel. K.C. May hard red winter wheat KWK25 was last up 2 cents at $5.89-1/2 per bushel, and Minneapolis May spring wheat MWEK25 rose 3/4 cent to $6.04-1/2 per bushel.

CORN - Down 3 to 5 cents a bushel

* Corn futures weakened overnight as grain markets face pressure from worries that tit-for-tat tariff disputes will lower U.S. agricultural exports.

* The dollar started off the week poorly against major peers but has since bounced back. A stronger dollar often makes U.S. farm goods look less attractive to importers.

* Exporters sold 218,604 metric tons of U.S. corn received in the reporting period to unknown destinations for 2024-25 delivery, the U.S. Department of Agriculture said in a daily reporting system.

* CBOT May corn CK25 was last down 4-1/4 cents at $4.61 per bushel.

SOYBEANS - Steady

* CBOT soybeans Sv1 consolidated overnight as traders assessed South America's production prospects.

* Expectations for a massive soybean harvest in top-supplier Brazil hang over the market.

* In Argentina, rains have benefited crops, though the Rosario Grains Exchange this week lowered its outlooks for the nation's soy and corn harvests.

* Exporters sold 20,000 metric tons of U.S. soyoil to unknown destinations for 2024-25 delivery, USDA said.

* CBOT May soybeans SK25 were last up 1/2 cent at $10.11-1/4 per bushel.

(Reporting by Tom Polansek in Chicago; Editing by Leroy Leo)

((Thomas.Polansek@thomsonreuters.com))

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