CBOT Trends-Corn and wheat down 3-5 cents, soybeans down 1-2 cents
CHICAGO, Oct 18 (Reuters) - Following are U.S. trade 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 Tuesday.
WHEAT - Down 3 to 5 cents per bushel
* Wheat heads lower in technical moves as traders grapple with mixed indicators about the United Nations-backed shipping lane for Ukrainian grain, which has allowed Ukraine's exports to pick up despite the war with Russia.
* Benchmark CBOT December wheat dipped to $8.50-1/2 in early moves, its lowest since Sept. 20.
* Talks in Moscow between U.N. and Russian officials, described by a U.N. spokesman as "positive and constructive," encouraged the view that the Ukraine shipping corridor deal could be extended.
* Worries about flooding in wheat areas of Australia underpinned the wheat market. Thousands of residents across southeast Australia braced for renewed flooding as weather forecasters warned of more downpours later this week.
* The U.S. Department of Agriculture (USDA) late Monday said 69% of the U.S. winter wheat crop had been seeded, ahead of the five-year average of 68%.
* South Korean flour millers bought about 77,000 tonnes of milling wheat to be sourced from the United States in two international tenders, European traders said.
* CBOT December soft red winter wheat last traded down 4-1/2 cents at $8.56-1/2 a bushel. K.C. December hard red winter wheat was last down 2-1/4 cents at $9.49-3/4 a bushel, and MGEX December spring wheat was last down 3-1/2 cents at $9.51-3/4 a bushel.
CORN - Down 3 to 5 cents per bushel
* Corn seen lower on worries about softening demand and seasonal pressure from the ongoing U.S. harvest. Benchmark December corn dipped to $6.77-1/4 ahead of the pause in trade, its lowest since Oct. 7.
* The USDA late Monday said the U.S. corn harvest was 45% complete, ahead of the five-year above of 40%.
* CBOT December corn futures last traded down 5 cents at $6.78-1/2 per bushel.
SOYBEANS - Down 1 to 2 cents per bushel
* Soybeans trend lower in range-bound trade, pressured by a brisk U.S. harvest pace and worries about export demand given early expectations for a large Brazilian soy crop. The benchmark November soy contract stayed inside of Monday's trading range in early moves.
* The USDA late Monday said the U.S. soybean harvest was 63% complete, ahead of the average estimate in a Reuters analyst poll of 60% and the five-year average of 52% as farmers took advantage of mostly dry weather for fieldwork.
* The National Oilseed Processors Association on Monday said its members crushed 158.1 million bushels of soybeans in September, down from 165.5 million in August and below an average of analyst estimates, but up from the September 2021 crush of 153.8 million bushels.
* CBOT November soybeans last traded down 1-1/2 cents at $13.83-3/4 a bushel. (Reporting by Julie Ingwersen)
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