BEIJING, June 29 (Reuters) - Chicago soybean and corn
futures fell on Monday, while wheat traded almost flat, as
traders adjusted positions ahead of the U.S. Department of
Agriculture's quarterly grain stocks report on Tuesday.
FUNDAMENTALS
* The most-active soybean contract on the Chicago Board of
Trade (CBOT) was down 0.56% at $11.49-3/4 a bushel, as of
0127 GMT, while corn fell 1.02% to $4.37 a bushel. Wheat
was up 0.04% at $5.9 a bushel.
* The U.S. Department of Agriculture is set to release its
quarterly grain stocks report at 12 p.m. EDT (1600 GMT) on
Tuesday, June 30.
* Analysts polled by Reuters expect June 1 stocks of wheat,
soybeans and corn to rise year-on-year, and see farmers planting
about 85.4 million acres of soybeans and 95 million acres of
corn.
* Weather concerns lent some support to the grain markets.
Hotter-than-normal conditions are expected from the Plains to
the Atlantic Coast through July 4, the National Weather Service
said last week.
* Wheat faced pressure from the ongoing U.S. Plains harvest
and ample global supplies.
* In Brazil, farmers had harvested 18.9% of the expected
2026 second corn area, compared with 19.4% at the same time last
year, Patria Agronegocios said.
* Commodity funds were net sellers of CBOT wheat futures,
traders said on Friday.
DATA/EVENTS (GMT)
0900 EU Consumer Confid. Final Jun