CBOT Trends-Wheat down 40-60 cents, corn down 12-16 cents, soy down 10-15 cents
CHICAGO, Nov 2 (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 40 to 60 cents per bushel
* Wheat slumping after Russia said it would resume its participation in a deal to free up grain exports from Black Sea ports in Ukraine.
* Benchmark CBOT December soft red winter wheat contract dropped below its 10-day, 20-day, 30-day, 40-day, 50-day and 100-day moving averages during the overnight trading session.
* CBOT December soft red winter wheat ended the overnight trading session 53 cents lower at $8.49-1/2 a bushel. K.C. December hard red winter wheat was last off 43-3/4 cents at $9.46-1/4 a bushel, and MGEX December spring wheat dropped 35-1/2 cents to $9.54-1/4 a bushel.
CORN - Down 12 to 16 cents per bushel
* Corn falling on pressure from decline in wheat market.
* Benchmark CBOT December corn contract fell below its 10-day and 20-day moving averages overnight before finding support at its 50-day moving average. December corn has not closed below its 50-day moving average since August.
* CBOT December corn futures last traded 13-3/4 cents lower at $6.84 per bushel.
SOYBEANS - Down 10 to 15 cents per bushel
* Soybeans seen easing on profit taking after four straight days of gains. Traders say concerns that overseas buyers will shift attention to South American crops starting in December starting to pressure soybean market.
* Most active CBOT soybean contract peaked at its highest since Sept. 22.
* Benchmark CBOT January soybean futures contract dropped below its 200-day moving average overnight.
* CBOT January soybeans were last 10-3/4 cents lower at $14.37 a bushel. (Reporting by Mark Weinraub; Editing by Chizu Nomiyama)
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