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336420

CBOT Trends-Wheat down 9-11 cents, corn down 1-3 cents, soy down 1-4 cents

CHICAGO, Nov 21 (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 Monday.

NOTE: U.S. markets will be closed on Thursday for the Thanksgiving holiday.

WHEAT - Down 9 to 11 cents per bushel

* Wheat heads lower for a fourth straight session on technical selling and pressure from a rising dollar that makes U.S. grains less competitive. The spot CBOT December contract dipped to its lowest since late August in early moves.

* CBOT December soft red winter wheat last traded down 9-3/4 cents at $7.93-1/2 per bushel. K.C. December hard red winter wheat was last down 3-1/4 cents at $9.31, and MGEX December spring wheat was last down 3-1/4 cents at $9.48-1/4.

CORN - Down 1 to 3 cents per bushel

* Corn seen lower following broad declines in commodities, including crude oil and gold, tied to worries that rising COVID-19 cases in China could dent demand for goods.

* A firmer dollar adds to bearish sentiment.

* The U.S. Department of Agriculture's monthly Cattle on Feed report on Friday said the number of cattle placed into feedlots during October was down 6% from a year ago, while analysts surveyed by Reuters on average expected a decline of only 3.5%.

* Significant areas of Ukraine's corn crop may be left to overwinter in the fields due to difficulties with harvesting and fuel shortages, analyst APK-Inform said on Sunday.

* CBOT December corn was last down 2-1/2 cents at $6.65-1/4 per bushel.

SOYBEANS - Down 1 to 4 cents per bushel

* Soybeans head lower in range-bound trade, pressured by uncertainty about demand from top global soy buyer China amid fresh COVID-19 curbs. Broad declines in commodities including crude oil hang over the ag markets.

* Benchmark CBOT January soybean futures stayed inside of Friday's trading range in early moves.

* CBOT January soybeans last traded down 3/4 cent at $14.27-1/2 a bushel. (Reporting by Julie Ingwersen)

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