CBOT Trends-Wheat up 29-35 cents, corn up 4-6 cents, Soy up 5-6 cents
CHICAGO, Sept 7 (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 Wednesday.
WHEAT - Up 29 to 35 cents per bushel
* Wheat climbs overnight, underpinned by escalated tensions between Russia and Ukraine that could upset recently resumed grain shipments through the Black Sea.
* The CBOT's most-active December wheat contract climbed to $8.53-3/4 a bushel overnight, it's highest since July 29.
* Russian President Vladimir Putin said that Russia and the developing world had been "cheated" by a U.N.-brokered Ukrainian grain export deal, vowing to look to revise its terms to limit the countries that can receive shipments.
* The U.S. spring wheat crop is 71% harvested, according to the U.S. Department of Agriculture's weekly assessment, up 21 percentage points from a week ago and beating the average analyst estimate of 67%.
* U.S. Winter wheat is 3% planted, a point behind analyst estimates.
* Canada's July 31 total wheat stocks were pegged at 3.7 million tonnes, down 38.3% versus a year ago, according to Statistics Canada.
* CBOT December soft red winter wheat futures last traded up 30-1/2 cents at $8.47-1/2 a bushel. K.C. December hard red winter wheat last added 27-3/4 cents to $9.09-3/4 a bushel, and MGEX December spring wheat gained 23-1/2 cents to $9.13-1/4 a bushel.
CORN - Up 4 to 6 cents per bushel
* Corn firmer overnight, poised for a third day higher as disruptions to Ukrainian exports could tighten global supplies for corn as well as wheat, while a better-than-expected crop conditions report eased gains.
* The CBOT's most-active December corn contract climbed to $6.84 a bushel overnight, its highest since June 23.
U.S. exporters sold 257,400 tonnes of corn for delivery to Mexico - 226,920 tonnes for the 2022/2023 marketing year and 30,480 tonnes for the 2023/2024 marketing year, the USDA said.
* the U.S. corn crop was rated 54% good-to-excellent by the USDA Tuesday afternoon, unchanged from the week prior and one percentage point ahead of the average analyst expectation.
* Brazil's corn exports are expected to reach 6.310 million tonnes in September, up from 2.546 million tonnes last year, according to ANEC, an association of cereal exporters.
* CBOT December corn futures last gained 5-3/4 cents to $6.81-3/4 per bushel.
SOYBEANS - Up 5 to 6 cents per bushel
* Soybeans lift overnight, supported by a stronger grains complex, though diminished global demand and promising harvest prospects limited gains.
* China's soybean imports fell 24.5% in August from a year earlier, customs data showed, as high global prices and weak demand curbed appetite for the oilseed.
* Argentine soybean farmers registered 268,000 tonnes of sales during the last week of August, according to agriculture ministry data. The country's sold 52.2% of its 44-million-tonne 2021/2022 harvest.
* the U.S. soybean crop was rated 57% good-to-excellent by the USDA Tuesday, unchanged from the week prior and one percentage point ahead of the average analyst expectation.
* Canada's July 31 canola stocks were pegged at 900,000 tonnes, down 50.7% versus a year ago, according to Statistics Canada.
* Brazil's soybean exports are expected to reach 3.916 million tonnes in September, down from 4.702 million tonnes last year, according to ANEC, an association of cereal exporters.
* CBOT November soybeans added 5-1/4 cents overnight to $14.04 a bushel. (Reporting by Christopher Walljasper)
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