CBOT Trends-Wheat up 1-2 cents, soy up 2-3 cents, corn steady-down 1 cent
CHICAGO, Oct 23 (Reuters) - The following are 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 - Up 1 to 2 cents per bushel
CBOT wheat firmed as the market consolidated above three-month lows set this week. Futures had faced pressure in recent days as a round of US-led diplomacy aimed at ending Russia's war with Ukraine raised hopes of a revival of Black Sea grain trade, but attacks have continued, including a drone strike that sank a cargo ship off the Romanian Black Sea coast.
CBOT December soft red winter wheat was last up 1-3/4 cents at $6.26-1/2 per bushel. K.C. December hard red winter wheat was last up 1/4 cent at $6.66 per bushel, and Minneapolis December spring wheat was last up 4-1/4 cents at $6.46 per bushel.
CORN - Steady to down 1 cent per bushel
CBOT corn drifted lower in early moves, pressured by the advancing US harvest, but the benchmark December contract stayed above a three-month low set at mid-week. Strength in crude oil lent underlying support.
The US Department of Agriculture confirmed private sales of 116,000 metric tons of US corn to unknown destinations.
CBOT December corn was last down 1 cent at $4.59-1/2 per bushel.
SOYBEANS - Up 2 to 3 cents per bushel
CBOT soybeans rose in range-bound trade as support from a flurry of recent export sales to China offset pressure from the advancing US soybean harvest. The most-active November contract stayed inside of Thursday's trading range in early moves.
Some US farmers were finishing their soybean harvest after a stretch of favorable Midwest weather and were shifting to harvesting corn, merchandisers said.
CBOT November soybeans were last up 2 cents at $12.55 per bushel.