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335887

CBOT Trends-Wheat down 4-5 cents, corn down 1-2 cents, soybeans down 5-6 cents

CHICAGO, Nov 8 (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 Tuesday.

* Traders await the U.S. Department of Agriculture's monthly supply/demand reports for November on Wednesday.

WHEAT - Down 4 to 5 cents per bushel

* Wheat heads lower in range-bound trade as traders await the USDA's monthly supply/demand reports. Market underpinned by uncertainty about grain exports from the Black Sea region and poor crop weather in key parts of Australia. The CBOT December contract stayed inside of Monday's trading range in early moves.

* The USDA late Monday rated 30% of the U.S. winter wheat crop in good to excellent condition, up 2 percentage points from the previous week but still the lowest for this time of year in records dating to the late 1980s.

* CBOT December soft red winter wheat was last down 5-1/4 cents at $8.40-1/2 a bushel. K.C. December hard red winter wheat was last down 1/4 cent at $9.57 a bushel, and MGEX December spring wheat was unchanged at $9.60-1/4 a bushel.

CORN - Down 1 to 2 cents per bushel

* Corn seen lower on technical selling, with the CBOT December contract touching a one-month low in early moves, and positioning ahead of the USDA's monthly supply/demand reports due Wednesday. Fresh export business may lend support.

* The USDA confirmed private sales of 338,600 tonnes of U.S. corn to Mexico for delivery in the 2022/23 marketing year that began Sept. 1.

* The USDA late Monday said the U.S. corn harvest was 87% complete, ahead of the average analyst estimate of 86% and the five-year average of 76%.

* Position-squaring expected ahead of key U.S. Agriculture Department report on Wednesday that will update the government's yield and production forecasts.

* CBOT December corn was last down 2-1/4 cents at $6.73-1/2 per bushel.

SOYBEANS - Down 5 to 6 cents per bushel

* Soybeans head lower on technical selling ahead of USDA's monthly reports on Wednesday. Fresh export sales may lend support.

* The USDA confirmed private sales of 138,700 tonnes of U.S. soybeans to China, 144,000 tonnes to Mexico and 132,000 tonnes to unknown destinations, all for delivery in the 2022/23 marketing year that began Sept. 1.

* The USDA late Monday said the U.S. soybean harvest was 94% complete, matching trade expectations and ahead of the five-year average of 86%.

* CBOT January soybeans were last down 5-1/2 cents at $14.44-3/4 a bushel. (Reporting by Julie Ingwersen)

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