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335022

CBOT Trends-Wheat down 12-14 cents, corn down 4-6, soy down 13-15 cents

CHICAGO, Oct 21 (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 Friday.

WHEAT - Down 12 to 14 cents per bushel

* Wheat headed lower on technical selling and pressure from a stronger dollar, which makes U.S. grains less competitive globally. Traders continue to monitor talks to prolong a wartime shipping corridor for Ukrainian grain.

* The Buenos Aires grains exchange on Thursday lowered its forecast of Argentina's 2022/23 wheat crop to 15.2 million tonnes, down from 16.5 million tonnes previously. On Wednesday, the Rosario grains exchange lowered its wheat crop forecast to 15 million tonnes.

* French farmers had sown 46% of the expected soft wheat area for next year's harvest by Oct. 17, compared with 21% a week earlier and ahead of year-ago progress of 36%, farm office FranceAgriMer said.

* CBOT December soft red winter wheat last traded down 13-3/4 cents at $8.35-1/2 a bushel. K.C. December hard red winter wheat was last down 17 cents at $9.32-3/4 a bushel, and MGEX December spring wheat was last down 11-1/2 cents at $9.51 a bushel.

CORN - Down 4 to 6 cents per bushel

* Corn headed lower in range-bound trade, with the benchmark December contract staying inside of Thursday's trading range in early moves. Fundamental pressure noted from the advancing U.S. harvest, a stronger dollar and worries about the health of the global economy.

* CBOT December corn futures last traded down 5 cents at $6.79 per bushel.

SOYBEANS - Down 13 to 15 cents per bushel

* Soybeans seen lower in range-bound trade, with the most-active November contract staying inside of Thursday's trading range in early moves. Additional pressure noted from U.S. harvest progress, early declines in corn and wheat, and expectations for a bumper Brazilian soy harvest in early 2023.

* Malaysian palm oil futures inched higher on Friday and ended the week up 7% as the arrival of the monsoon season stoked production worries, although gains were capped by sluggish October exports.

* CBOT November soybeans last traded down 14-1/2 cents at $13.77 a bushel. (Reporting by Julie Ingwersen)

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