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336306

CBOT Trends-Soybeans down 10-12 cents, wheat down 6-16 cents, corn down 7-8 cents

CHICAGO, Nov 17 (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. CST (1430 GMT) on Thursday.

WHEAT - Down 6 to 16 cents per bushel

* Wheat sliding after the United Nations announced an agreement to maintain a Black Sea export corridor for Ukraine's grain, which will cut into already light overseas demand for U.S. supplies.

* On a continuous basis, the most-active CBOT soft red winter wheat contract fell to its lowest since Sept. 1 during the overnight trading session.

* The U.S. Agriculture Department on Thursday morning said that export sales of wheat totaled 290,300 tonnes in the week ended Nov. 10. That was near the low end of analysts' estimates that ranged from 250,000 to 550,000 tonnes.

* Benchmark CBOT December soft red winter wheat contract fell below its five-day moving average overnight.

* CBOT December soft red winter wheat ended the overnight trading session down 16 cents at $8.01-1/2 a bushel. K.C. December hard red winter wheat was last 9 cents lower at $9.46-1/2, and MGEX December spring wheat was last off 6 cents at $9.59-1/2.

CORN - Down 7 to 8 cents per bushel

* Black Sea export corridor deal also viewed as bearish to corn market.

* Weekly corn export sales totaled 1.170 million tonnes, topping market expectations for 700,000 to 1.5 million tonnes.

* CBOT December corn was last 7-3/4 cents lower at $6.57-1/2 per bushel.

SOYBEANS - Down 10 to 12 cents per bushel

* Soybeans seen falling for the third time in the last four sessions on weakness in the crude oil market. Forecasts for crop-boosting rain in Brazil add pressure.

* USDA said that soybean export sales totaled 3.03 million tonnes, topping forecasts for 900,000 to 1.8 million tonnes.

* On a continuous basis, the most-active soybean futures contract hit its lowest since Oct. 31 overnight.

* CBOT January soybeans last traded down 11 cents at $14.18-1/4 a bushel. (Reporting by Mark Weinraub; editing by Barbara Lewis)

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