CBOT Trends-Wheat steady-up 1 cent, corn up 2-4 cents, soy up 9-13 cents
CHICAGO, Oct 24 (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 Thursday:
WHEAT - Steady to up 1 cent per bushel
* CBOT wheat futures trend firmer, led by export-driven strength in corn and soybean futures. But strong export competition from Russian wheat supplies caps rallies. The benchmark CBOT December wheat contract WZ24 stayed inside of Wednesday's trading range in early moves.
* The U.S. Department of Agriculture (USDA) reported export sales of U.S. wheat in the week ended Oct. 17 at 532,900 metric tons, in line with trade expectations for 350,000 to 650,000 tons. EXP/WHE
* Strong rains in Argentina this week have given a huge boost to corn and wheat farmers who had been facing deep losses from drought, the Rosario grains exchange said on Wednesday.
* Most of Ukraine's winter crop is under threat as almost all seedlings are under-developed, analyst APK-Inform quoted Ukraine's state weather forecasters as saying, following a drought this summer and early autumn.
* CBOT December soft red winter wheat WZ24 was last up 3/4 cent at $5.79-1/4 per bushel. K.C. December hard red winter wheat KWZ24 was last down 1/2 cent at $5.85 a bushel while Minneapolis December spring wheat MWEZ24 was last up 2 cents at $6.17-1/2 a bushel.
CORN - Up 2 to 4 cents per bushel
* Corn futures head higher for a fourth straight session on brisk export demand for U.S. supplies as the Midwest harvest starts to wind down. Weekly export sales data topped trade expectations, lifting the benchmark CBOT December contract CZ24 to a two-week high just ahead of the daily pause in trade.
* The USDA reported export sales of U.S. 2024/25 corn in the week ended Oct. 17 at 3,602,600 metric tons, above a range of trade expectations for 2,200,000 to 3,300,000 tons. Weekly sales of 2025/26 corn totaled 581,200 tons. EXP/CORN
* Separately, under its daily reporting rules, the USDA confirmed private sales of 227,600 metric tons of U.S. corn to Japan and another 165,000 tons to undisclosed destinations, the latest in a series of daily corn sales announcements.
* CBOT December corn CZ24 last traded up 3-3/4 cents at $4.22-3/4 per bushel.
SOYBEANS - Up 9 to 13 cents per bushel
* Soybean futures seen climbing for a fourth straight session on strong recent export demand for U.S. supplies following a bumper harvest. Rallies capped by improving crop weather in top global soy producer Brazil.
* The USDA reported export sales of U.S. soybeans in the week ended Oct. 17 at 2,151,700 metric tons, toward the high end of a range of trade expectations for 1,200,000 to 2,400,000 tons. EXP/SOY
* Also, under its daily reporting rules, the USDA confirmed private sales of 198,000 metric tons of U.S. soybeans to undisclosed destinations.
* CBOT November soybeans SX24 were last up 12-1/2 cents at $10.10 per bushel.
Reporting by Julie Ingwersen
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