CBOT Trends-Wheat up 3-5 cents, corn down 1-2 cents, soy down 6-7 cents
CHICAGO, Sept 20 (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 Friday.
WHEAT - Up 3 to 5 cents per bushel
* CBOT wheat futures climb on bargain buying a day after the benchmark December contract WZ24 hit its lowest in nearly two weeks and as traders monitor weather forecasts in major wheat production zones. Rallies capped by stiff export competition from Russian supplies.
* Argentine farmers have begun abandoning some wheat fields due to an extended lack of rainfall in certain parts of its agricultural heartland, the Buenos Aires grains exchange said in a weekly report on Thursday.
* Ukraine's farm ministry lowered its forecast of 2025 winter wheat sowing area to 4.48 million hectares from the previous outlook of 4.69 million, ministry data showed.
* CBOT December soft red winter wheat WZ24 was last up 5 cents at $5.70-1/2 a bushel. K.C. December hard red winter wheat KWZ24 was last up 3-1/2 cents at $5.68 a bushel, and MGEX December spring wheat MWEZ24 was last up 1-1/2 cents at $6.09-1/4 a bushel.
CORN - Down 1 to 2 cents per bushel
* Corn futures drift lower on seasonal pressure from the expanding U.S. harvest and a lack of supportive news. The most-active December contract CZ24 dipped to $4.04 in early moves, its lowest in a more than a week.
* Warm and dry weather in most of the U.S. Corn Belt continues to speed crop maturity and harvest activity.
* The Buenos Aires grains exchange said Argentine farmers had planted 7.1% of the 6.3 million hectares of corn expected this season.
* CBOT December corn CZ24 was last down 1-1/2 cents at $4.04-1/4 per bushel.
SOYBEANS - Down 6 to 7 cents per bushel
* Soybean futures head lower in range-bound trade, pressured by the expanding U.S. harvest. Market underpinned by concerns about dry weather in South America that has slowed planting in top global soy supplier Brazil.
* The USDA confirmed private sales of 121,000 metric tons of U.S. soybeans to China for delivery in the 2024/25 marketing year that began Sept. 1.
* China's soybean imports from the United States rose 70% in August from a year earlier, Chinese customs data showed, as buyers took advantage of low soybean prices. Shipments of U.S. soybeans have increased since April, though volume remains much smaller than top producer Brazil.
* CBOT November soybeans SX24 were last down 6-3/4 cents at $10.06-1/2 per bushel.
Reporting by Julie Ingwersen
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