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333660

CBOT Trends-Wheat down 5-10 cents, corn and soybeans mixed

CHICAGO, Sept 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. CDT (1330 GMT) on Thursday.

NOTE: The U.S. Department of Agriculture (USDA) released four weeks worth of export sales data on Thursday after a technical issue last month suspended reporting of the data.

WHEAT - Down 5 to 10 cents per bushel

* Wheat down on profit taking and technical selling after hitting a two-month high in overnight trading.

* Risk-off selling on news of a tentative deal between major U.S. railroads and workers' unions to avert a strike this week also anchored the market.

* The USDA said a net 217,300 tonnes of U.S. wheat were sold for export in the week ended Sept. 8, near the low end of a range of trade estimates.

* Saudi Arabia's main state wheat buying agency, the Saudi Grains Organization issued an international tender to purchase about 535,000 tonnes of wheat.

* CBOT December soft red winter wheat futures last traded 5 cents lower at $8.67-1/4 a bushel. K.C. December hard red winter wheat fell 2-1/4 cents to $9.44-3/4 a bushel, and MGEX December spring wheat was up 3-1/2 cents at $9.41-1/2 a bushel.

CORN - Up 3 cents to down 3 cents per bushel

* Corn mixed. Nearby contracts lifted by technical buying after two days of declines and a drought-reduced European crop. Gains capped by an accelerating U.S. harvest.

* The most active December contract held technical chart support at its 10- and 100-day moving averages during overnight trading.

* The USDA said exporters sold a net 583,100 tonnes of U.S. corn in the week ended Sept. 8 for shipment in the 2022/23 marketing year, in line with trade estimates.

* Consultancy Strategie Grains, in its monthly report, cut its 2022 EU maize crop forecast to 52.9 million tonnes from 55.4 million estimated in August, a 24.4% fall from last year.

* CBOT December corn futures were last up 2-1/2 cents at $6.84-3/4 per bushel.

SOYBEANS - Up 3 cents to down 3 cents per bushel

* Soybeans mixed. Technical buying and supply concerns after the USDA cut its U.S. harvest outlook by more than expected this week underpinned the market while gains were capped by dull export demand amid South American competition.

* The actively traded November contract held technical chart support at its 100-day moving average in overnight trading.

* The USDA said exporters sold a net 843,000 tonnes of U.S. soybeans in the week ended Sept. 8 for shipment in the 2022/23 marketing year and 30,000 tonnes for 2023/24, in line with trade estimates.

* Traders awaiting August soy crush data from the National Oilseed Processors Association later on Thursday. Analysts polled by Reuters expect the crush to dip to 166.110 million bushels.

* CBOT November soybeans last traded 1/4 cent higher at $14.55-1/4 a bushel. (Reporting by Karl Plume; editing by Jonathan Oatis)

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