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335192

CBOT Trends-Soybeans up 12-14 cents, wheat down 2-4 cents, corn down 1-2 cents

CHICAGO, Oct 26 (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 Wednesday.

WHEAT - Down 2 to 4 cents per bushel

* Wheat seen lower for the third day in a row, easing on forecasts for rain that will provide a much-needed boost to soil moisture in key growing areas of Argentina and the U.S. Plains.

* Traders watching to see if the most-active soft red winter wheat contract can hold support above the five-week low it hit on Tuesday after testing that level during the overnight trading session.

* A group of South Korean flour mills has issued a tender to purchase an estimated 128,000 tonnes of milling wheat to be sourced from the United States, Australia and Canada.

* CBOT December soft red winter wheat ended the overnight trading session 2-1/4 cents lower at $8.32-1/2 bushel. K.C. December hard red winter wheat was last down 3 cents at $9.31-1/2 a bushel, and MGEX December spring wheat gained 1-1/2 cents to $9.53-3/4 a bushel.

CORN - Down 1 to 2 cents per bushel

* Corn easing on pressure from ongoing harvest in the U.S. Midwest, poor export demand.

* CBOT December corn futures last traded down 1-1/4 cents at $6.85 per bushel.

SOYBEANS - Up 12 to 14 cents per bushel

* Soybeans seen firm, with market underpinned by strong overseas demand for U.S. supplies.

* Traders watching to see if most-active contract can break through resistance at $14 a bushel.

* Benchmark CBOT November soybean futures contract rose above its 10-day moving average overnight.

* CBOT November soybeans were last 12-3/4 cents higher at $13.94-3/4 a bushel. (Reporting by Mark Weinraub; Editing by Paul Simao)

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