CBOT Trends-Wheat down 8-11 cents, corn and soybeans steady-up 1
CHICAGO, Nov 6 (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 - Down 8 to 11 cents per bushel
CBOT wheat slid on Friday on prospects of a resumption of Black Sea grain exports
Russia and Ukraine confirmed participation in three-way peace talks with the US in Abu Dhabi on November 10 and 11, raising the prospect of renewed access to Black Sea shipping lanes
Growing volumes of Russian wheat are being exported via Baltic ports, while Ukrainian exports are also increasing, especially via Romania and the Danube
CBOT December soft red winter wheat was last 10-3/4 cents lower at $5.88-1/2 per bushel; KC December hard red winter wheat was last 11-1/4 cents lower at $6.24-1/2 a bushel and Minneapolis December spring wheat was last 6 cents lower at $6.14 per bushel
CORN - Steady to up 1 cent per bushel
CBOT corn was nearly unchanged, torn between gains in oil prices supporting agricultural goods and expectations of ample global supplies
Analysts expect the USDA to peg corn production at 15.962 billion bushels, down from its October estimate of 16.034 billion, according to a Reuters poll. The harvest would be the second largest in history, after last year's record crop
US exporters sold 101,000 metric tons of corn to unknown destinations for 2026/2027 delivery, the USDA reported on Friday morning
CBOT December corn was last 1/4 cent higher at $4.40-1/4 per bushel
SOYBEANS - Steady to up 1 cent per bushel
CBOT soybeans were set for their biggest weekly drop since late July on strong harvest prospects
China is projected to import 110 million metric tons (MMT) of soybeans in the 2026-27 marketing year, the US Department of Agriculture's attache in Beijing said in a report dated Wednesday, putting the forecast below the USDA's official one
Analysts expect the USDA will increase its estimate of US soybean production to 4.597 billion bushels from 4.562 billion in October, a record harvest, next week
US exporters sold 136,000 metric tons of soybeans to China for 2026/2027 delivery, the USDA reported
CBOT January soybeans were last 1-1/2 cents higher at $11.89-3/4 per bushel