CBOT Trends-Soy steady to down 6 cents, corn down 1-2 cents, wheat up 4-5 cents
CHICAGO, Aug 1 (Reuters) -Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Thursday.
WHEAT - Up 4-5 cents per bushel
* Wheat bounced back as rains were once again forecast for France's water-logged harvest.
* Storms could halt the French wheat harvest again after farmers made progress during an early-week hot spell.
* The Taiwan Flour Millers' Association purchased an estimated 105,650 metric tons of milling wheat to be sourced from the United States in a tender on Thursday, European traders said.
* Russia has maintained its official grain harvest forecast for this year at 132 million metric tons despite adverse weather conditions across many grain-producing regions, according to Deputy Prime Minister Dmitry Patrushev, who oversees the agriculture sector.
* The U.S. Department of Agriculture reported net wheat export sales of 286,600 tons for the week ended July 25, compared to 250,000-550,000 expected by analysts.
* CBOT September soft red winter wheat WU24 was last up 3-3/4 cents at $5.31 per bushel. K.C. September hard red winter wheat KWU24 was last up 3 cents at $5.52 a bushel, and MGEX September spring wheat MWEU24 was last up 5-1/2 cents at $5.87 a bushel.
CORN - Down 1-2 cents
* Corn futures Cv1 dipped as rain is expected to provide more beneficial moisture in the U.S. crop belt.
* Wet weather forecast for the Midwest should ease crop stress in dry areas, according to Commodity Weather Group.
* Dealers said farmers were selling their old crop corn as higher prices fade and storage space is needed for new crops.
* The USDA reported net corn export sales for the week ended July 25 of 710,900 tons for 2024/2025, within expectations 400,000-800,000 tons.
* CBOT September corn CU24 was last down 1-3/4 cents at $3.81 per bushel, and December corn CZ24 was last down 1-3/4 cents at $3.98 per bushel.
SOYBEANS - Steady to down 6 cents
* Soybean futures Sv1 fell as the market expected a lower U.S. soybean crush.
* The U.S. soybean crush likely slowed in June to 5.538 million short tons, or 184.584 million bushels, analysts surveyed by Reuters estimated ahead of a monthly U.S. Department of Agriculture report due on Thursday.
* Brazil's soy exports are seen reaching 9.76 million tons in July versus 10.43 million tons expected in the previous week, Brazil's grain exporters association Anec said.
* The USDA reported net soybean export sales of 632,100 metric tons for 2024/2025 for the week ended July 25, within expectations of 300,000-900,000 tons.
* The U.S. sold 132,000 tons of soybeans to China for 2024/2025 delivery, according to the USDA.
* Farmers are selling old crop in order to make room for new, according to dealers.
* CBOT August soybeans SQ24 were last up 1/4 cent at $10.28-3/4 per bushel, and November soybeans SX24 were last up 4-3/4 cents at $10.17-3/4.
Reporting by Renee Hickman
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