CBOT Trends-Wheat down 7-9 cents, corn down 3-5 cents, soybeans down 15-18 cents
Nov 6 (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 Wednesday:
WHEAT - Down 7 to 9 cents per bushel
* Wheat futures dropped as the U.S. dollar rallied in the wake of Republican Donald Trump's victory over Vice President Kamala Harris in Tuesday's U.S. presidential election, while rains brought moisture to Plains wheat.
* The dollar rose as investors believe interest rates may need to remain high in order to combat inflation that would stem from new tariffs supported by Donald Trump. A stronger dollar tends to make U.S. exports less competitive to holders of other currencies.
* Showers in the U.S. Plains eliminated remaining dryness and aided growth in the wheat crop, according to Commodity Weather Group.
* Jordan's state grain buyer has issued an international tender to buy up to 120,000 metric tons of optional-origin milling wheat.
* CBOT December soft red winter wheat WZ24 was last down 7-1/4 cents at $5.65-1/4 per bushel. K.C. December hard red winter wheat KWZ24 was last down 8-1/2 cents at $5.68-1/4 a bushel and Minneapolis December spring wheat MWEZ24 was last down 6 cents at $6.04-1/2 a bushel.
CORN - Down 3 to 5 cents per bushel
* Corn weaker as the dollar rallied following a Trump presidential victory, with investors expecting interest rates to remain high in order to curb inflation caused by Trump's proposed tariffs on Chinese imports.
* A stronger dollar makes U.S. exports less competitive in the global market.
* CBOT December corn CZ24 last traded down 3-1/2 cents at $4.15 per bushel.
SOYBEANS - Down 15 to 18 cents per bushel
* Soybean futures faced a precipitous decline on Wednesday following a Trump presidential election victory, with traders fearing that the Republican will heat up a trade war with China.
* Trump has proposed tariffs on Chinese imports that could lead to retaliation by the world's top soybean importer.
* CBOT January soybeans SF25 were last down 17-3/4 cents at $9.76 per bushel.
Reporting by Renee Hickman; Editing by Andrea Ricci
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