CBOT Trends-Wheat up 3-5 cents, corn steady to up 2 cents, soy up 4-6 cents
Nov 5 (Reuters) -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 CST (1430 GMT) on Tuesday:
WHEAT - Up 3 to 5 cents per bushel
* Wheat futures gained ground as the USDA reported disappointing conditions for the U.S. winter wheat crop and the market awaited the results of the U.S. presidential election between Vice President Kamala Harris and Republican challenger Donald Trump.
* Jordan's state grains buyer purchased about 60,000 metric tons of hard milling wheat to be sourced from optional origins in an international tender on Tuesday, traders said.
* Top wheat producer Ukraine's overall grain and oilseeds exports by sea and river totaled 5.28 million metric tons in October, significantly higher than 3.13 million tons exported a year earlier, traders' union UGA said Tuesday.
* Showers in the U.S. Plains are expected to reduce dryness and aid establishment of the wheat crop, meteorologists said.
* CBOT December soft red winter wheat WZ24 was last up 5 cents at $5.73-3/4 per bushel. K.C. December hard red winter wheat KWZ24 was last up 7-3/4 cents at $5.78-3/4 a bushel and Minneapolis December spring wheat MWEZ24 was last up 6 cents at $6.11 a bushel.
CORN - Steady to up 2 cents per bushel
* Corn was flat to slightly higher, bolstered by a weaker U.S. dollar as traders wait to digest the results of Tuesday's tightly contested U.S. presidential election.
* A weaker dollar can make U.S. exports more competitive for buyers holding other currency.
* The USDA reported Tuesday that exporters sold 124,000 metric tons of corn to unknown destinations for the 2024/2025 marketing year.
* Commodity brokerage StoneX SNEX.O late Monday trimmed its estimate of the average U.S. 2024 corn yield to 183.7 bushels per acre (bpa) from 184.0 in its previous monthly report released on Oct. 1.
* The USDA reported the country's corn harvest was 91% complete, above expectations of 90% and the fastest since 2012.
* CBOT December corn CZ24 last traded up 1-1/2 cents at $4.18 per bushel.
SOYBEANS - Up 4 to 6 cents per bushel
* Soybeans rose amid a boost from weakness in the U.S. dollar and as traders squared positions ahead of the U.S. presidential election.
* Traders are concerned that a Donald Trump victory will heat up a trade war with China, the world's top soy importer.
* StoneX cut its forecast of the U.S. 2024 soybean yield to 52.6 bpa from its Oct. 1 figure of 53.5. The firm forecast U.S. soybean production at 4.539 billion bushels, down from 4.613 billion previously.
* The U.S. soybean harvest was 94% complete as of Sunday, the fastest pace since 2022 but below expectations of 95%.
* CBOT January soybeans SF25 were last up 5 cents at $10.02-1/4 per bushel.
Reporting by Renee Hickman
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