CBOT Trends-Wheat down 8-12 cents, soy down 3-5 cents, corn steady-down 2 cents
CHICAGO, Oct 11 (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.
WHEAT - Down 8 to 12 cents per bushel
* Wheat under pressure from profit taking after most active CBOT soft red winter wheat contract surged 6.6% to its highest since June 29 on Monday.
* CBOT December soft red winter wheat ended the overnight trading session down 14-1/4 cents at $9.23-3/4 a bushel. K.C. December hard red winter wheat dropped 11-3/4 cents to $10.12-1/2 a bushel, and MGEX December spring wheat fell 9-1/4 cents to $10.05 a bushel.
CORN - Steady to down 2 cents per bushel
* Corn steadying after hitting its highest since June 27.
* Downturn in wheat weighs on market but expectations that U.S. Agriculture Department will cut its estimate of the crop being harvested in the Midwest seen limiting declines.
* CBOT December corn rose above the high end of its 20-day Bollinger range overnight but failed to hold support above that key technical point.
* CBOT December corn futures were last down 1-1/4 cents to $6.97 per bushel.
SOYBEANS - Down 3 to 5 cents a bushel
* Soybeans falling on seasonal harvest pressure, concerns about light export demand and weakness in crude oil prices.
* China will auction 500,000 tonnes of imported soybeans from its state reserves on Oct. 14, the National Grain Trade Center said.
* CBOT November soybeans last traded 4-1/2 cents lower at $13.69-1/2 a bushel. (Reporting by Mark Weinraub; editing by David Evans)
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