CBOT Trends-Wheat down 10-12 cents, corn down 1-3 cents, soy down 6-8 cents
CHICAGO, June 26 (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 - Down 10 to 12 cents per bushel
A 3% drop in oil prices dragged down grain markets.
Traders waited for the U.S. Department of Agriculture to release U.S. acreage estimates and quarterly data on grain stocks on June 30.
USDA is expected to report June 1 wheat stocks were up 9.2% from a year earlier, a Reuters poll of analysts showed.
In France, soft wheat crop conditions worsened and maize conditions set an eight-year low last week due to an extreme heatwave.
CBOT July soft red winter wheat WN26 was last down 11-1/2 cents at $5.79-1/2 per bushel. K.C. July hard red winter wheat KWN26 was last down 11-1/4 cents at $6.09-1/4 per bushel, while Minneapolis July spring wheat MWEN26 was last down 3/4 cent at $5.79-3/4 per bushel.
CORN - Down 1 to 3 cents per bushel
Corn futures remained under pressure after setting contract lows on Thursday.
USDA on Tuesday is expected to report June 1 corn stocks were up 16.5% from a year earlier and that farmers planted about 95 million acres of corn this spring, Reuters polls showed.
Rising temperatures will cause limited stress on U.S. crops next week, with rain expected in some areas, Commodity Weather Group said.
CBOT July corn CN26 was last down 2-1/4 cents at $4.12-1/2 per bushel.
SOYBEANS - Down 6 to 8 cents per bushel
Weaker oil prices hung over agricultural futures because soybeans and corn are used to manufacture biofuels.
USDA on Tuesday is expected to report U.S. soybean stocks on June 1 were up about 3.8% from a year earlier and that farmers planted about 85.4 million acres of soybeans this spring, analysts said.
Traders watched for signs of renewed Chinese demand for U.S. soybeans.
CBOT July soybeans SN26 were last down 6-3/4 cents at $11.20-3/4 per bushel.
