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327194

CBOT Trends-Wheat up 22-29 cents, corn up 7-9 cents, soy up 10-12 cents

CHICAGO, April 26 (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. NOTE: Friday is first notice day for deliveries against CBOT May futures contracts. WHEAT - Up 22 to 29 cents per bushel * Wheat futures climb on a drop in U.S. winter wheat condition ratings and worries about tightening global grain supplies. * The U.S. Department of Agriculture (USDA) on Monday rated 27% of U.S. winter wheat in good to excellent condition, down three percentage points from a week ago and the lowest for this time of year since 1989, as drought persists in the Plains wheat belt. * Statistics Canada said Canadian farmers intend to plant 25.031 million acres of wheat for 2022, up 7.2% from a year earlier and above an average of trade estimates for 24.15 million. * CBOT July soft red winter wheat was last up 28-1/2 cent at $11.01 a bushel. K.C. July hard red winter wheat was last up 26-1/4 cents at $11.79-1/4 a bushel and MGEX July spring wheat was last up 10-1/2 cents at $11.88 a bushel. CORN - Up 7 to 9 cents per bushel * Corn heads higher on worries about U.S. planting delays and spillover strength from wheat. * The USDA said the U.S. corn crop was 7% seeded by Sunday, below the average analyst estimate of 9% and the five-year average of 15%. * CBOT July corn was last up 8 cents at $8.06 a bushel. SOYBEANS - Up 10 to 12 cents per bushel * Soybeans head higher on strong global vegetable oil markets including rising soyoil and rival Malaysian palm oil futures. Worries about U.S. planting delays and spillover strength from crude oil lend support. Fresh export sales of U.S. soybeans may lend support. * Indonesia is prepared to widen its ban on exports of refined palm olein if it faces domestic shortages of derivatives used in the production of cooking oil, according to details presented at a meeting between government and industry officials. * The U.S. Department of Agriculture confirmed private sales of 132,000 tonnes of U.S. new-crop soybeans to China and another 133,000 tonnes to unknown destinations, including 78,000 tonnes of old-crop soybeans and 55,000 tonnes of new-crop soy. * The USDA late Monday said U.S. soybean planting was 3% complete, matching trade expectations but behind the five-year average of 5%. * Statistics Canada said Canadian farmers intend to plant 20.897 million acres of canola in 2022, down 7% from a year earlier and below an average of trade estimates for 22.11 million acres. * CBOT July soybeans were last up 10-1/2 cents at $16.85-3/4 per bushel. (Reporting by Julie Ingwersen)

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