CBOT Trends-Wheat up 2-4 cents, corn up 4-8, soybeans up 8-16

CHICAGO, Jan 21 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on Thursday.

WHEAT - Up 2 to 4 cents per bushel

* Wheat rebounds after two days of drops, underpinned by tightening global supplies and spillover support from higher corn and soybeans.

* CBOT March soft red winter wheat last traded up 3 cents at $6.70-3/4 per bushel. K.C. March hard red winter wheat rose 6-3/4 cents to $6.43-3/4 per bushel. MGEX March spring wheat was 4-1/4 cents higher at $6.41-3/4 per bushel.

CORN - Up 4 to 8 cents per bushel

* Corn bouncing after third straight sessions of declines, lifted by strong demand and worries about South American supplies.

* The U.S. Department of Agriculture (USDA) reported private sales of 336,500 tonnes of U.S. corn to unknown destinations for shipment in the 2020/21 season.

* Argentine farmers have dramatically accelerated corn sales from the upcoming harvest, due to concern that the government may yet again try to limit international sales.

* CBOT March corn was last up 7-3/4 cents at $5.29-3/4 per bushel.

SOYBEANS - Up 8 to 16 cents per bushel

* Soybeans rebound after three sessions of declines, supported by tightening global supplies and concerns about drought-hit South American crops.

* The USDA on Thursday morning reported private sales of 136,000 tonnes of U.S. soybeans to China and 163,290 tonnes to Mexico, both for shipment in the 2020/21 season.

* CBOT March soybeans were last 15-1/4 cents higher at $13.84-3/4 per bushel. (Reporting by Karl Plume in Chicago)

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