CBOT Trends-Soy down 14-15 cents, wheat up 3-4 cents, corn up 1/2 cent
CHICAGO, Sept 6 (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 Monday.
WHEAT - Up 3 to 4 cents per bushel
* Wheat inched higher, supported by global demand, though expected rains across the U.S. Plains that could add soil moisture for winter wheat crops capped gains.
* The CBOT's most-active December wheat contract found resistance at its 50-day moving average.
* Australian farmers are expected to produce 32.2 million tonnes of wheat during the 2022-23 marketing year, just shy of records set last year, according to the Australian Bureau of Agricultural and Resource Economics and Sciences.
* Russian wheat export prices fell last week under pressure from the new crop, analysts said on Monday, adding that demand from importers was rising.
* CBOT December soft red winter wheat futures last traded up 3-3/4 cents at $8.14-3/4 a bushel. K.C. December hard red winter wheat last added 8-1/4 cents to $8.86 a bushel, and MGEX December spring wheat lifted 12-1/2 cents to $9.02-1/2 a bushel.
CORN - even to up 1/2 cent per bushel
* Corn mostly flat overnight, supported by diminished U.S. production expectations while favorable harvest weather adds pressure.
* Brazilian farmers will produce nearly 30 million tonnes of first-crop corn during the 2022/2023 production year, representing a 13% rise from last year and the country's biggest crop in seven years, according to agribusiness consultancy StoneX.
* CBOT December corn futures last traded unchanged at $6.65-3/4 per bushel.
SOYBEANS - Down 14 to 15 cents per bushel
* Soybeans fall, poised for a fifth session lower in six trading days as traders expect harvest pressure moving into September.
* Benchmark CBOT November soybean futures contract failed to find support above its 200-day moving average overnight.
* Brazilian farmers will produce a record of 153.6 million tonnes of soybeans during the 2022/2023 production year, up 24% from last year, according to agribusiness consultancy StoneX.
* Argentina's farmers said Monday that the government's decision to improve the exchange rate for soybeans exported in September is a temporary "patch" that will likely boost sales of the crop during the month, but fails to solve root issues.
* CBOT November soybeans lost 14-3/4 cents overnight to $14.05-3/4 a bushel. (Reporting by Christopher Walljasper; editing by Jonathan Oatis)
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