CBOT Trends-Wheat and corn mixed, soybeans up 1-4 cents
CHICAGO, July 7 (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 Tuesday.
WHEAT - Up 4 to down 2 cents per bushel
Wheat futures chopped back and forth after jumping the previous day following a rally in corn and soybeans.
The U.S. Department of Agriculture said in a crop progress report Monday that the U.S. winter wheat crop is in 26% good-excellent condition, the worst on record for this time of year and in line with analyst expectations.
The rating was the lowest for the 27th week of the year, according to USDA data that goes back to 1986.
The U.S. winter wheat harvest is ramping up. The USDA said the wheat crop is 59% harvested, up from 48% last week.
Ukrainian farmers have harvested 251,400 hectares of early grain and threshed a total of 1.02 million metric tons of various grains from the new 2026 harvest so far, the economy ministry said on Tuesday.
CBOT September soft red winter wheat WU26 was down 1-1/2 cents at $6.12-1/2 per bushel. K.C. September hard red winter wheat KWU26 was last 2 cents lower at $6.47-3/4 per bushel, while Minneapolis September spring wheat MWEU26 was last up 1-1/4 cents at $6.30-3/4 per bushel.
CORN - Down 1 to up 2 cents per bushel
Corn was mixed after jumping the previous day on worries about hot weather in the U.S. Midwest and talk of new agricultural purchases from China. GRA/.
The USDA reported in its weekly crop progress report on Monday that corn condition ratings held steady from the week prior, putting it at 67% good-excellent condition, the same as the previous week and in line with analyst expectations.
Rains are likely to aid corn development in the U.S. Midwest in the next two weeks as a short period of heat and dryness descend, according to forecaster Commodity Weather Group.
Moisture levels across much of Ukraine's farmland have fallen sharply, raising the risk of lower crop yields, state agricultural meteorologists said on Tuesday.
Forecasters said corn and sunflower crops were generally in good condition, but some areas in the west, south and centre had seen premature leaf yellowing caused by heat stress.
CBOT December corn CZ26 traded flat at $4.57-3/4 per bushel.
SOYBEANS - Up 1 to 4 cents per bushel
Soybeans pared gains after a rally on Monday, driven by speculation about Chinese interest in U.S. crops and concerns about U.S. weather. GRA/
The USDA reported exporters sold 105,000 metric tons of soybean cake and meal to Colombia for 2025/2026 delivery.
The USDA reported on Monday that the U.S. soybean crop was in 64% good-excellent condition, slightly below analyst expectations and one percentage point lower than the week before.
Commodity Weather Group said U.S. Midwest soy dryness was patchy but a drier risk develops into early August if the weather pattern turns cooler.
CBOT November soybeans SX26 were last up 1-1/4 cents higher at $11.93-1/2 per bushel.
