CBOT Trends-Wheat down 1-4 cents, corn up 1-6 cents, soy up 2-5 cents
CHICAGO, July 13 (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 Monday.
WHEAT - Down 1 to 4 cents per bushel
CBOT wheat Wv1 lower on profit taking after hitting six-week highs. Losses limited by worries about tightening supplies and restricted Russian grain shipments on the Sea of Azov.
The U.S. Department of Agriculture on Friday lowered its wheat production estimate in a monthly report.
CBOT September soft red winter wheat WU26 was last down 3-1/4 cents at $6.37 per bushel. K.C. September hard red winter wheat KWU26 was last down 2-1/4 cents at $6.74 per bushel, and Minneapolis September spring wheat MWEU26 was last up 1-3/4 cents at $6.54-1/4 per bushel.
CORN - Up 1 to 6 cents per bushel
Corn futures Cv1 higher as hot, dry weather forecast for the Midwest farm belt was expected to increase crop stress and may hurt yields. Higher crude oil prices added support as conflict between the U.S. and Iran intensified.
Above-normal temperatures and below-normal rainfall were expected in the Midwest through the end of the week before possible rain relief in the 6 to 15 day period, forecasters said.
CBOT December corn CZ26 was last up 5-1/4 cents at $4.66-1/4 per bushel.
SOYBEANS - Up 2 to 5 cents per bushel
Soybean futures Sv1 higher on stressful Midwest crop weather and rising export demand. Intensifying conflict between the United States and Iran propelled crude oil prices higher and lifted soyoil futures.
Hot and dry weather was expected in the Midwest through the end of the week before possible rain relief in the 6 to 15 day period, forecasters said.
The USDA on Monday confirmed private sales 136,000 metric tons of U.S. new-crop soybeans to China in a fourth straight daily flash sales announcement.
CBOT November soybeans SX26 were last up 3-3/4 cents at $11.94-1/2 per bushel.
