CHICAGO, Feb 25 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) 8:30 a.m. CST (1430 GMT) on Thursday.
NOTE: First notice day for deliveries against CBOT March futures contracts is Friday.
WHEAT - Down 7 to 9 cents per bushel
* Wheat futures fell to session lows on disappointing weekly U.S. export sales. Traders also booking profits a day after the CBOT May contract hit a one-month high.
* The U.S. Department of Agriculture reported export sales of U.S. old-crop wheat at 167,800 tonnes, a marketing year low that fell below a range of trade expectations, while new-crop sales totaled 14,800 tonnes.
* CBOT May soft red winter wheat last traded down 9 cents at $6.76-1/2 per bushel. K.C. May hard red winter wheat was last down 9-1/4 cents at $6.53-3/4 a bushel and MGEX May spring wheat was last down 6-1/4 cents at $6.51-1/4.
CORN - Down 5 to 10 cents per bushel
* Corn futures slid to session lows after the USDA's weekly export sales data fell below trade expectations.
* The USDA reported export sales of U.S. old-crop corn at 453,200 tonnes, a marketing year low that fell below a range of trade expectations; new-crop corn sales totaled 145,900 tonnes.
* CBOT May corn was last down 10 cents at $5.47 per bushel, with new-crop December last down 3-3/4 cents at $4.73.
SOYBEANS - Down 3 to 5 cents per bushel
* Soybeans turned lower, retreating from early advances, on disappointing weekly U.S. export sales data. Life-of-contract highs were set across the board in early moves. Market underpinned by worries about South American weather, including rains slowing the harvest in Brazil.
* Strength in soyoil futures lends support amid strong global vegetable oils markets. Contract highs were set in most CBOT soyoil futures contracts.
* The USDA reported export sales of U.S. old-crop soybeans at 167,900 tonnes, below a range of trade expectations, and new-crop sales totaled 70,800 tonnes.
* CBOT May soybeans were last down 5-1/2 cents at $14.20-1/4 per bushel, while new-crop November was last up 1-3/4 cents at $12.40. (Reporting by Julie Ingwersen)
© Copyright Thomson Reuters 2021. Click For Restrictions - http://about.reuters.com/fulllegal.asp
The Link LonkFebruary 25, 2021 at 09:27PM
https://ift.tt/3aQwIzE
CBOT Trends - Corn down 5-10 cents, wheat down 7-9, soybeans down 3-5 - Successful Farming
https://ift.tt/3gguREe
Corn
No comments:
Post a Comment