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CBOT Trends - Soy up 10-12 cents, wheat up 4-6 cents, corn up 3-5 cents
CHICAGO, Oct 22 (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. CDT (1330 GMT) on Tuesday.
WHEAT - UP 4 cents to 6 cents per bushel
* Short-covering bounce expected after most-active contract sank 1.6 percent on Monday. Gains in corn, strong demand from global importers underpin the market even if U.S. wheat struggles for business from the overseas buyers.
* Benchmark CBOT December soft red winter wheat contract turned higher after briefly slipping below its five-day moving average during overnight trading session. Resistance noted at high end of 20-day Bollinger range.
* CBOT December soft red winter wheat last traded up 4-3/4 cents at $5.28-1/4 per bushel. K.C. December hard red winter wheat was last up 6-1/4 cents at $4.31-3/4, and MGEX December spring wheat was last up 3-1/2 cents at $5.41-1/4.
CORN - Up 3 cents to 5 cents per bushel
* Slow pace of U.S. corn harvest, concerns that crop was damaged by recent blizzard in northern U.S. Plains support corn futures.
* U.S. Agriculture Department said on Monday afternoon that only 30 percent of the U.S. crop had been harvested. Only 86 percent of the crop was mature, well behind the five-year average of 97 percent.
* CBOT December corn contract rose above its 20-day moving average but failed to hold support above its 10-day moving average during overnight trading.
* CBOT December corn last traded up 3-3/4 cents at $3.91 per bushel.
SOYBEANS - Up 10 cents to 12 per bushel
* Soybeans rallying on hopes for increase in China purchases.
* China on Tuesday offered 10 million tonnes of tariff-free quota to major Chinese and international soybean crushers to import soybeans from the United States, according to two people briefed on the matter.
* The benchmark CBOT November soybean futures contract broke through its 10-day moving average overnight.
* The most-active contract hit resistance just 1/4 cent below the trade war high it rallied to last week.
* CBOT November soybeans last traded up 10-1/4 cents at $9.43-1/2 per bushel. (Reporting by Mark Weinraub; Editing by David Gregorio)
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