CBOT Trends-Wheat down 2-4 cents, corn mixed, soybeans up 4-5 cents
CHICAGO, Oct 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. CDT (1330 GMT) on Wednesday:
NOTE: Thursday is the first notice day for deliveries against CBOT November futures contracts.
WHEAT - Down 2 to 4 cents per bushel
* Wheat futures turned lower, retreating from Tuesday's 2% climb as forecasts for rains in the U.S. Plains and Midwest ease worries about winter crops emerging in dry conditions. Strong global export competition remains a bearish factor as well.
* CBOT December soft red winter wheat WZ24 was last down 2-3/4 cents at $5.67-3/4 per bushel. K.C. December hard red winter wheat KWZ24 was last down 3-3/4 cents at $5.70-1/2 a bushel and Minneapolis December spring wheat MWEZ24 was last down 2-1/4 cents at $6.04-1/4 a bushel.
CORN - Mixed, up 1/4 cent to down 1/2 cent per bushel
* Corn futures little changed ahead of the daily pause in trade with the benchmark December contract CZ24 staying inside of Tuesday's trading range. Support from a pickup in export demand for U.S. corn and soy offsets pressure from the fast-paced harvest of bumper crops.
* The U.S. Department of Agriculture (USDA) confirmed private sales of 273,048 metric tons of U.S. corn to undisclosed destinations, the latest in a series of sales announcements.
* Chart support noted in CBOT December corn CZ24 at its 50-day moving average near $4.10-1/2.
* CBOT December corn CZ24 last traded down 1/4 cent at $4.13-1/2 per bushel.
SOYBEANS - Up 4 to 5 cents per bushel
* Soybean futures head higher on bargain buying after the most-active January SF25 contract hit a two-month low in early moves at $9.77-1/4 a bushel. Fresh export demand for U.S. soy supplies lends support while improving crop weather in top global soy producer Brazil caps rallies.
* The USDA confirmed private sales of 132,000 metric tons of U.S. soybeans to China and another 132,000 tons to undisclosed destinations, all for delivery in the 2024/25 marketing year that began Sept. 1.
* CBOT January soybeans SF25 were last up 4-1/2 cents at $9.83-1/2 per bushel.
Reporting by Julie Ingwersen
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