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CBOT Trends - Soy down 6-12 cents, wheat down 2-5 cents, corn steady-down 2 cents
CHICAGO, Dec 6 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Thursday.
WHEAT - Down 2 to 5 cents per bushel
* Technical selling seen pressuring wheat as well as concerns about export demand.
* CBOT March soft red winter wheat contract hit resistance at five-day moving average during overnight trading before turning lower and falling below 30-day moving average. Support for the contract was noted below its 20-day moving average.
* CBOT reported 140 deliveries, the first of the period, against the expiring December soft red winter wheat futures contract and 82 K.C. hard red winter wheat deliveries. There were zero deliveries against MGEX December spring wheat futures.
* CBOT March wheat traded down 3 cents at $5.15 per bushel. K.C. March hard red winter wheat was 2-1/2 cents lower at $4.95-1/2 a bushel and MGEX March spring wheat was up 1/2 cent at $5.76.
CORN - Steady to down 2 cents per bushel
* Corn futures following wheat and soybeans lower. Corn market has been stuck in narrow trading range this week after rising sharply on Monday.
* CBOT reported 69 deliveries against the expiring December corn contract.
* CBOT March corn traded down 1-1/2 cents at $3.82-3/4 per bushel.
SOYBEANS - Down 6 to 12 cents per bushel
* Soybean market under pressure after five days of gains as top world buyer China has yet to ink any deals to purchase U.S. supplies despite a declaration of a truce in the trade war following weekend discussions between U.S. President Donald Trump and his Chinese counterpart Xi Jinping.
* Benchmark CBOT January soybean futures contract hit resistance as it neared high end of 20-day Bollinger range during overnight trading
* The CBOT reported 338 deliveries against its December soymeal futures contract. There were 758 deliveries against December soyoil futures.
* CBOT January soybeans last traded 9 cents lower at $9.16-1/2 a bushel. (Reporting by Mark Weinraub; Editing by Bernadette Baum)
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