CBOT grain and soy futures seen mixed at Monday open
CHICAGO, Aug. 17 (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 Monday.
Wheat seen lower on profit-taking after last week’s gains
CBOT wheat futures headed lower on profit-taking after gains the previous week from disruption to Russian and Ukrainian exports through the Black Sea GRA/.
Bullish influences from that disruption remain — with weeks of attacks by Russia and Ukraine curtailing shipments, including at Russia's main grain export hub of Novorossiysk.
A Russian attack targeted port infrastructure in Ukraine's Izmail district in the southern region of Odesa overnight, Ukrainian authorities said on Monday.
Canada's spring wheat crop have been fighting an intense and expensive battle with widespread crop diseases, provoked by the first wet year this decade.
CBOT September soft red winter wheat WU26 was last down 5 cents at $6.69-3/4 per bushel. K.C. September hard red winter wheat KWU26 was last down 5-3/4 cents at $7.48-1/2 a bushel, and Minneapolis September spring wheat MWEU26 was last down 1-1/4 cents at $6.77 a bushel.
Corn firm as traders wait for Pro Farmer tour and Midwest weather
CBOT corn futures firmed as traders awaited the outcome of the Pro Farmer field tour this week for further clues on corn and soybean yields after the United States Department of Agriculture lowered its official yield forecasts last week.
Farmers in Brazil's center-south had harvested 85% of their 2026 second corn crop as of last Thursday, agribusiness consultancy AgRural said on Monday, up from 79% in the previous week but behind the 94% reported a year earlier.
Heavy rain is expected to continue in the Midwest this week, according to forecaster Commodity Weather Group.
CBOT December corn CZ26 was last up 1-3/4 cents at $4.85 per bushel.
Soybeans edge higher as market watches crop tour and China demand
CBOT soybeans ticked up as market players awaited the results of the Pro Farmer crop tour and demand from China continued. GRA/
India's soyoil imports are set to hit a record high in August as competitive prices prompt refiners to boost purchases for festive demand, while disruptions to sunflower oil shipments due to the Russia-Ukraine war push buyers to switch oils, dealers said.
CBOT November soybeans SX26 were last up 5-1/4 cents at $11.97-3/4 per bushel.
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