CBOT Trends - Corn up 0-2 cents, Wheat down 5-8 cents, soy down 8-11 cents
CHICAGO, April 12 (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 5 to 8 cents per bushel
* CBOT wheat pressured by strong crop prospects in Russia.
* The most-active Chicago wheat contract is poised for its first loss in four sessions.
* IKAR has raised its forecast for Russia's 2021 wheat crop to 81 million tonnes from 79.8 million tonnes, the Russian agriculture consultancy said on Monday.
* Snow fell across parts of North Dakota over the weekend, offering much needed moisture as planting season begins across the Canadian Prairies and the U.S. Northern Plains, where drought threatens newly planted wheat crops.
* China raised the floor price for wheat auctioned from state reserves, according to a government notice, in an effort to dampen demand from animal producers using it as an alternative to more costly corn.
* CBOT May soft red winter wheat was last down 7-1/4 cents at $6.31-1/2 per bushel. K.C. May hard red winter wheat was last down 3-1/4 cents at $5.83-1/4. MGEX May spring wheat was last down 8-3/4 cents at $6.45-1/4.
CORN - even to up 2 cents per bushel
* Corn market supported by Friday's Supply and Demand assessment by the U.S. Department of Agriculture, though gains are capped by optimal planting weather across the U.S. Midwest that could increase corn acres.
* New crop corn contracts gained, with December corn reaching $5.01-3/4 per bushel overnight.
* U.S. corn supplies will shrink by more than previously forecast due to rising demand from the ethanol, livestock feed and export sectors, the U.S. Department of Agriculture (USDA) said on Friday.
* China's agriculture ministry raised its forecast for 2020/21 corn imports on Friday on strong demand.
* CBOT May corn last traded up even at $5.77-1/4 per bushel.
SOYBEANS - Down 8 to 11 cents per bushel
* Soybeans pressured by larger-than-expected global production estimates reported by the USDA Friday.
* Exporters sold 132,000 tonnes of soybeans for delivery to China during the 2021/2022 marketing year, and 110,000 metric tonnes of soybeans for delivery to Bangladesh, according to the USDA.
* Brazil’s 2020/21 soybean harvest is forecast to reach 136.00 million tonnes, according to the USDA, up from 134.00 million tonnes in March.
* Brazilian soybean growers have already sold an estimated 18.9 million tonnes of their next crop, or 14.2%, according to a report by agribusiness consultancy Safras & Mercado, hoping to lock in high prices even before the crop is planted in the last quarter of 2021.
* Bayer AG is launching a new genetically modified soybean in the United States, striking back against rival Corteva Inc in a bid to retain its dominant position supplying seeds to the $40 billion U.S. soy industry.
* CBOT May soybeans were last down 8 cents at $13.95 per bushel. (Reporting by Christopher Walljasper Editing by Paul Simao)
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