CBOT Trends - Corn, soybeans down 3-4 cents; wheat down 10-12 cents
CHICAGO, Oct 26 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Monday.
WHEAT - Down 10 cents to 12 cents per bushel
* Wheat falling on profit-taking after much-needed rainfall in some key global production areas boosted crop prospects.
* Wheat contracts hit overnight lows just ahead of the break in trading.
* Weather conditions have improved for Russia's 2021 grain crop after it rained in several regions last week, said Sovecon, a leading agriculture consultancy in Moscow.
* CBOT December soft red winter wheat dropped below its five-day moving average during overnight trading.
* CBOT December soft red winter wheat last traded down 10 cents at $6.22-3/4 per bushel. K.C. December hard red winter wheat was last down 14-1/2 cents at $5.55-1/4 a bushel. MGEX December spring wheat was last down 5-1/4 cents at $5.72-1/4 a bushel.
CORN - Down 3 cents to 4 cents per bushel
* Corn weakening on technical selling.
* Benchmark CBOT December corn futures contract hit resistance at Friday's high of $4.20 during overnight trading, before turning lower.
* CBOT December corn was last down 3-1/4 cents at $4.16 per bushel.
SOYBEANS - Down 3 cents to 4 cents per bushel
* Soybeans easing on profit-taking after hitting highest in more than four years. Weakness in crude oil market, weekend rains in Brazil add pressure to the soy complex.
* Private exporters reported the sale of 120,700 tonnes of soybeans to unknown destinations, the U.S. Agriculture Department said on Monday morning.
* CBOT November soybeans last traded down 3-1/4 cents at $10.80-1/2 per bushel. (Reporting by Mark Weinraub; Editing by Jan Harvey)
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