
CHICAGO, Dec 30 (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 Monday.
NOTE: Tuesday is the first notice day for deliveries against CBOT January futures contracts. U.S. markets will be closed on Wednesday for New Year's Day.
WHEAT - Up 5 to 6 cents per bushel
Wheat futures head higher on spillover strength from corn and soybeans, as well as short-covering ahead of the year's end.
Russian wheat export prices rose last week, tracking global prices, with analysts expecting weak export activity due to the upcoming long New Year holiday.
The Russian state weather forecasting agency sees worsening conditions for winter cereals in January in Russia's central and Volga regions.
CBOT March soft red winter wheat WH25 was last up 5-1/4 cents at $5.51-3/4 a bushel. K.C. March hard red winter wheat KWH25 was last up 5-3/4 cents at $5.60-1/4 a bushel and Minneapolis March spring wheat MWEH25 was last up 3-1/2 cents at $5.98-3/4 a bushel.
CORN - Up 2 to 4 cents per bushel
Corn futures head higher, with the benchmark March contract CH25 notching a six-month high, on worries about dry weather building in Argentina, technical buying and follow-through strength from last week's strong weekly U.S. export sales data.
CBOT March corn CH25 stayed above its 200-day moving average after crossing above that line last week for the first time since May, a bullish technical signal.
CBOT March corn CH25 was last up 3-3/4 cents at $4.57-3/4 a bushel.
SOYBEANS - Up 10 to 13 cents per bushel
Soybeans seen higher as soymeal futures SMv1 climb on end-year short-covering and concern about dry weather in Argentina, the world's top supplier of soy products.
Commodity funds hold a sizable net short position in CBOT soymeal futures, leaving the market prone to bouts of short-covering. The U.S. Commodity Futures Trading Commission is scheduled to release it latest weekly Commitments of Traders report later on Monday, delayed from Friday due to last week's Christmas holiday.
The U.S. Department of Agriculture confirmed private sales of 23,000 metric tons of U.S. soyoil to India for 2024/25 delivery.
CBOT March soybeans SH25 were last up 12-1/2 cents at $10.02-1/4 per bushel.
(Reporting by Julie Ingwersen)
((Julie.ingwersen@thomsonreuters.com; 1-313-484-5283; Reuters Messaging: julie.ingwersen.thomsonreuters.com@reuters.net))