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CBOT Trends - Wheat up 2-5 cents, soybeans up 2-4 cents, corn mixed
CHICAGO, Oct 10 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Thursday.
NOTE: Traders await the U.S. Department of Agriculture's monthly supply/demand reports that will be released at 11:00 a.m. CDT (1600 GMT) on Thursday.
WHEAT - Up 2 cents to 5 cents per bushel
* Wheat futures supported by signs of improving export demand. Prices rose to overnight highs, 1/4 cent below the most-active contract's two-month peak hit on Wednesday, ahead of the break in trading.
* The benchmark CBOT December soft red winter wheat contract broke through the high end of its 20-day Bollinger range and its 100-day moving average during the overnight trading session. Resistance was seen at its 200-day moving average, a level it has not topped since July 15.
* The U.S. Agriculture Department said that weekly export sales of wheat were 521,900 tonnes, near the high end of forecasts for 300,000 tonnes to 600,000 tonnes.
* CBOT December soft red winter wheat last traded up 3-1/2 cents at $5.03-3/4 per bushel. K.C. December hard red winter wheat was last up 2-1/2 cents at $4.15-3/4 and MGEX December spring wheat was last up 4-3/4 cents at $5.46-1/2.
CORN - Mixed, up 2 cents to down 2 cents per bushel
* Strength in wheat and soybeans supportive to corn but poor demand adds pressure to the market. Profit-taking also expected following most-active contracts rally to a one-month high on Wednesday.
* Corn export sales totaled 284,400 tonnes in the latest reporting week, below the low end of forecasts that ranged from 500,000 tonnes to 800,000 tonnes.
* CBOT December corn last traded down 1/2 cent at $3.93-3/4 per bushel.
SOYBEANS - Up 2 cents to 4 cents per bushel
* Soybeans firming on strong export data and hopes for stepped-up purchases by China. The United States' and China's top trade negotiators were set to meet on Thursday for the first time since late July to try to find a way out of a 15-month trade war.
* USDA said weekly soybean export sales were 2.096 million tonnes, topping forecasts that ranged from 1.3 million tonnes to 1.8 million tonnes.
* Traders watching to see if benchmark CBOT November soybean contract can break through technical resistance at the high end of its 20-day Bollinger range.
* CBOT November soybeans last traded up 2-1/4 cents at $9.26 per bushel. (Reporting by Mark Weinraub)
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