CBOT Trends-Wheat and corn steady-up 1 cent, soybeans up 5-10 cents
Nov 7 (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 Thursday:
WHEAT - Steady to up 1 cent per bushel
* Wheat near unchanged as traders squared positions ahead of a U.S. Federal Reserve interest rate decision due Thursday at 1 p.m. CST (1900 GMT), and supply and demand data from the U.S. Department of Agriculture (USDA) to be released on Friday.
* Rain and snow continued to ease U.S. wheat crop dryness in the Central and Southern Plains, according to Commodity Weather Group.
* Russia's 2024 grain harvest is forecast at 130 million metric tons with a wheat harvest of 83 million tons, Agriculture Minister Oksana Lut said on Thursday.
* The USDA reported net export sales of U.S. wheat in the week ended Oct. 31 at 374,700 metric tons, in line with trade expectations for 250,000 to 550,000 tons. EXP/WHE
* CBOT December soft red winter wheat WZ24 was last up 1 cent at $5.74-1/4 per bushel. K.C. December hard red winter wheat KWZ24 was last down 2 cents at $5.72 a bushel and Minneapolis December spring wheat MWEZ24 was last down 1/4 cent at $6.05-1/4 a bushel.
CORN - Steady to up 1 cent per bushel
* Corn near unchanged as the market shrugged off a dollar rally following a Donald Trump win in the U.S. presidential election on Tuesday. Prices underpinned by strong near-term export demand.
* Traders are squaring positions ahead of a monthly USDA report on Friday, which is expected to show a slight decline in the national average corn yield.
* The USDA reported net export sales of U.S. 2024/25 corn in the week ended Oct. 31 at 2,766,500 metric tons, above a range of trade expectations for 1,700,000 to 2,500,000 tons. Weekly sales of 2025/26 corn totaled 65,500 tons, also above expectations. EXP/CORN
* CBOT December corn CZ24 last traded flat at $4.26-1/4 per bushel.
SOYBEANS - Up 5 to 10 cents per bushel
* Soybeans higher as traders considered Trump-backed tariffs as more of a long-term risk and instead focused on short-term demand ahead of the USDA data on Friday.
* China imported 8.09 million metric tons of soybeans in October with buyers rushing to stockpile before Donald Trump takes office early next year.
* The USDA reported export sales of U.S. soybeans in the week ended Oct. 31 at 2,037,200 metric tons, toward the high end of a range of trade expectations for 1,200,000 to 2,200,000 tons. EXP/SOY
* Trump's proposed tariff hikes could also hit imported used cooking oil from China, making domestically produced U.S. soyoil more competitive.
* January soybeans SF25 were last up 10 cents at $10.13-3/4 per bushel.
Reporting by Renee Hickman; Editing by Vijay Kishore
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