CBOT Trends-Wheat down 1-2 cents, corn up 1-2 cents, soy up 3-5 cents
CHICAGO, June 23 (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 - Down 1 to 2 cents per bushel
CBOT wheat Wv1 set a one-week low.
The U.S. winter wheat harvest was 40% complete, the U.S. Department of Agriculture said in a weekly report on Monday. That exceeded analysts' average estimate of 36% and the 5-year average of 24%.
USDA said 54% of the nation's spring wheat crop was in good or excellent condition, down one percentage point from a week earlier.
Consultancy Sovecon lowered its forecast for Russia's 2026/27 wheat crop.
CBOT July soft red winter wheat WN26 was last down 1-1/2 cents at $5.96 per bushel. K.C. July hard red winter wheat KWN26 was last down 3 cents at $6.30-1/2 per bushel, and Minneapolis July spring wheat MWEN26 was 2-3/4 cents lower at $6.10 per bushel.
CORN - Up 1 to 2 cents per bushel
Corn futures Cv1 rebounded after falling for the previous two sessions.
USDA left its good-to-excellent ratings of U.S. corn and soy crops unchanged from last week.
Exporters sold 100,000 metric tons of U.S. corn to Mexico, including 30,000 tons for 2025/26 delivery and 70,000 tons for 2026/27 delivery, USDA said in its daily reporting system.
Traders watched U.S.-Iran negotiations after Washington suggested frozen Iranian funds could be used to buy U.S. crops, an idea played down by Tehran.
CBOT July corn CN26 was last up 1 cent at $4.12-1/2 per bushel.
SOYBEANS - Up 3 to 5 cents per bushel
Soybean futures Sv1 rose in a turnaround from recent losses.
A steadier trend in crude oil prices encouraged a pause in grain and soy selling, after recent liquidation by investment funds, traders said.
Expectations for large U.S. soy and corn harvests hung over the markets following largely favorable weather, traders said.
CBOT July soybeans SN26 were last up 3-1/4 cents at $11.19 per bushel.
