CBOT Trends - Wheat up 3-5 cents, corn and soybeans up 7-10
CHICAGO, April 19 (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. CDT (1330 GMT) on Monday.
WHEAT - Up 3 to 5 cents per bushel
* CBOT wheat rises on weaker dollar and spillover support from higher corn and soy. Additional support from higher wheat prices in Europe and the Black Sea region and on stronger demand for wheat as an animal feed.
* CBOT's most active wheat contract climbed to $6.63 per bushel in overnight trading, its highest since March 3.
* Russian and Ukrainian wheat export prices rose with higher global prices.
* China sold 410,700 tonnes of wheat, or 10.22% of the total offered, at an auction of state reserves last week, the National Grain Trade Center said on Monday.
* The supplement to the U.S. Commodity Futures Trading Commission's weekly commitments report showed large speculators increased their net short position in CBOT wheat to 40,459 contracts in the week to April 13.
* CBOT May soft red winter wheat was last up 4 cents at $6.56-1/2 per bushel. K.C. May hard red winter wheat was last up 6 cents at $6.15-1/4 per bushel. MGEX May spring wheat was last up 3-3/4 cents at $6.68 per bushel.
CORN - Up 7 to 10 cents per bushel
* Corn higher on concerns that cold temperatures across the U.S. Midwest put a hold on spring planting and some worries about dry conditions hurting Brazil's second-crop corn.
* U.S. Midwest early corn germination may be delayed by cold soil temperatures, while forecast rains could stall planting over the next two weeks, the Commodity Weather Group said in a note.
* The U.S. Department of Agriculture (USDA) is due to release its weekly planting progress update after Monday's close.
* The supplement to the CFTC's weekly commitments report showed large speculators increased their massive net long position in CBOT corn futures by 20,046 contracts to 375,789 lots in the week to April 13.
* CBOT May corn last traded up 9-1/4 cents at $5.94-3/4 per bushel.
SOYBEANS - Up 7 to 10 cents per bushel
* Soybeans firm on strong global vegetable oil demand and concern over the pace of early U.S. planting pace amid cold Midwest weather.
* The USDA is due to release its weekly planting progress update after the close on Monday.
* Ukraine's government and sunflower oil producers agreed on Monday to limit 2020/21 sunoil exports, aiming to avoid a jump in domestic prices owing to high exports.
* The supplement to the CFTC's weekly commitments report showed large speculators reduced their net long position in CBOT soybeans by 12,466 contracts to 102,025 lots in the week to April 13.
* CBOT May soybeans were last up 10 cents at $14.43-1/4 per bushel. (Reporting by Karl Plume Editing by David Goodman )
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