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336154

CBOT Trends-Wheat down 2-10 cents, corn down 3-4 cents, soy steady-down 2 cents

CHICAGO, Nov 15 (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 Tuesday.

WHEAT - Down 2 to 10 cents per bushel

* Wheat falling on optimism about renewal of deal that allows for Ukraine grain exports from Black Sea ports.

* Tight supplies of wheat with high protein content to limit declines in K.C. hard red winter wheat and MGEX spring wheat contracts.

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

* CBOT December soft red winter wheat ended the overnight trading session down 10-1/2 cents at $8.08 a bushel. K.C. December hard red winter wheat was last 4-1/4 cents lower at $9.52, and MGEX December spring wheat was last off 2-1/4 cents at $9.60-3/4.

CORN - Down 3 to 4 cents per bushel

* Corn sagging on spillover pressure from declines in wheat market.

* Private exporters reported the sale of 230,185 tonnes of corn to Mexico for delivery in the 2022/23 marketing year, the U.S. Agriculture Department said.

* CBOT December corn was last 3-3/4 cents lower at $6.53-1/2 per bushel.

SOYBEANS - Steady to down 2 cents per bushel

* Good domestic demand underpins soybeans but weakness in crude oil, concerns that overseas buyers will shift their orders to South American suppliers within the next month adds pressure to the market.

* A National Oilseed Processors Association report due on Tuesday was expected to show that the monthly U.S. soybean crush surged to 184.464 million bushels, which would be the fourth highest on record, during October.

* CBOT January soybeans last traded down 2 cents at $14.38-1/2 a bushel. (Reporting by Mark Weinraub; editing by Jonathan Oatis)

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