CBOT Trends-Wheat and soybeans up 3-5 cents, corn up 1-2 cents
CHICAGO, July 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 Friday.
WHEAT - Up 3 to 5 cents per bushel
CBOT wheat rose on concerns over disruptions to exports from the Black Sea region as supplies tighten in Europe and North America, analysts said. The most-active contract Wv1 set a two-year high on Thursday.
Ukraine and Russia carried out missile and drone attacks this week on vessels in the Black Sea and the Sea of Azov, a zone vital for grain exports.
Russia, the world's largest wheat exporter, is on track for a good 2026 harvest and the state will ensure that farmers receive the fuel they need to bring in the grain, Agriculture Minister Oksana Lut said.
CBOT September soft red winter wheat WU26 was last up 4-1/2 cents at $6.79-1/4 per bushel. K.C. September hard red winter wheat KWU26 was up 8 cents at $7.24-1/2 per bushel, while Minneapolis September spring wheat MWEU26 rose 3-3/4 cents to $6.89 per bushel.
CORN - Up 1 to 2 cents per bushel
Corn futures Cv1 followed wheat prices higher.
U.S. crops faced hot, dry weather this week but milder conditions are expected later this month, traders said.
Much of the U.S. corn crop was in its critical pollination stage of development.
The condition of France's grain maize crop deteriorated again last week, FranceAgriMer said.
CBOT December corn CZ26 was last up 1-1/2 cents at $4.65-1/2 per bushel.
SOYBEANS - Up 3 to 5 cents per bushel
Soybean futures Sv1 rose on spillover strength from stronger wheat and oil prices and were supported by renewed Chinese buying, traders said.
Exporters sold 340,000 metric tons of U.S. soybeans to China; 256,634 metric tons to Mexico; and 110,000 metric tons to unknown buyers, the U.S. Department of Agriculture said in its daily reporting system.
Traders worried that tensions may rise between the U.S. and China, the world's biggest soybean importer, following Donald Trump's renewed accusations that Beijing meddled in U.S. elections.
CBOT November soybeans SX26 were last up 3-1/2 cents at $11.98-1/2 per bushel.
