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CBOT Trends - Wheat up 1-2 cents, corn steady-up 1, soybeans up 2-4
CHICAGO, Aug 8 (Reuters) - Following are U.S. trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday.
NOTE: The U.S. Department of Agriculture is scheduled to release its August supply/demand reports on Friday.
Wednesday is the second day of the five-day "Goldman roll" period during which some index funds roll September futures positions forward.
WHEAT - Up 1 to 2 cents per bushel
* Wheat firm on fears of global crop shortfalls due to dry weather in key growing areas. Analysts expect the USDA on Friday to lower its forecasts of U.S. and global wheat ending stocks for the 2018/19 marketing year.
* Germany's 2018 grain harvest will be the lowest in 24 years after a drought and heat wave heavily damaged crops, the association of German farm cooperatives DRV said.
* CBOT September soft red winter wheat last traded up 1-1/4 cents at $5.69-1/2 per bushel. K.C. September hard red winter wheat was last up 2-1/2 cents at $5.82 and MGEX September spring wheat was up 4-3/4 cents at $6.32-1/2 per bushel.
CORN - Steady to up 1 cent per bushel
* Corn firm in technical moves and positioning ahead of the USDA's supply/demand reports on Friday. Analysts on average expect the government to forecast the U.S. corn harvest at 14.411 billion bushels, based on average yield of 176.2 bushels per acre.
* CBOT September corn last traded up 3/4 cent at $3.71-1/2 a bushel.
SOYBEANS - Up 2 to 4 cents per bushel
* Soybeans head higher on positioning ahead of the USDA's supply/demand reports and optimism that China might resume buying U.S. soybeans, despite ongoing U.S.-China trade tensions.
* Soybean futures on China's Dalian Commodity Exchange soared as data showing a drop in soybean imports stirred supply concerns.
* China may have to start buying U.S. soybeans again in coming weeks as other regions cannot supply enough soybeans to meet China's needs, Hamburg-based oilseeds analysts Oil World said on Tuesday.
* Analysts on average expect the USDA on Friday to raise its forecasts of U.S. 2018 soybean yield and production.
* Chicago Board of Trade reported 668 deliveries against expiring August soybean contract. There were no soymeal deliveries and 531 soyoil deliveries.
* CBOT new-crop November soybeans last traded up 3-1/2 cents at $9.09-1/4 a bushel. (Reporting by Julie Ingwersen)
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