CBOT Trends-Soybeans up 13-15 cents, wheat up 7-10 cents, corn up 5-6 cents
CHICAGO, Aug 11 (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 Thursday.
WHEAT - Up 7 to 10 cents per bushel
* Weakening dollar supportive to wheat, boosting prospects that U.S. exports might become more competitive for global business.
* Benchmark CBOT soft red winter wheat contract rose above its 30-day moving average during the overnight trading session, its first time above that key technical point since May 31.
* The U.S. Agriculture Department said weekly export sales of wheat totaled 359,100 tonnes, in line with trade forecasts for 200,000 to 600,000 tonnes.
* CBOT September soft red winter wheat futures last traded 7-3/4 cents higher at $8.07-1/2 a bushel. K.C. September hard red winter wheat was last up 9-1/4 cents at $8.82 a bushel, and MGEX September spring wheat was last 7 cents higher at $9.13-1/4.
CORN - Up 5 to 6 cents per bushel
* Corn firm, supported by concerns about hot and dry weather stressing Midwest crop through final stages of development. Position squaring also expected ahead of USDA's monthly World Agricultural Supply and Demand Estimates report on Friday.
* CBOT December corn rose above its 40-day moving average for the first time since June 17 overnight.
* Corn export sales totaled 383,200 tonnes in the latest week, USDA said. Analysts' estimates ranged from 100,000 to 900,000 tonnes.
* CBOT September corn futures last traded up 6 cents at $6.27-1/4 a bushel. New-crop December corn was 5-3/4 cents higher at $6.24-1/4.
SOYBEANS - Up 13 to 15 cents per bushel
* Forecasts for dry weather support soybeans as U.S. crop passes through key development period in need of rain. Signs of strong export demand for U.S. supplies add to bullish tone.
* The CBOT November soybeans contract rose above its 50-day moving average overnight after failing to hold support above that level on Tuesday and Wednesday.
* Weekly soybean export sales totaled 410,500 tonnes, in line with market expectations for 200,000 to 900,000 tonnes.
* CBOT November soybeans were last 13 cents higher at $15.22 a bushel. (Reporting by Mark Weinraub; editing by David Evans)
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