CBOT Trends-Wheat up 4-8 cents, corn up 2-6, soybeans up 12-20
CHICAGO, Aug 17 (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 4 to 8 cents per bushel
* Wheat futures firm after three sessions of losses, lifted by rising corn and soybeans.
* Global grain supply fears are easing as more shipments have exited Ukraine's Black Sea ports and more vessels are arriving to load.
* India raised its wheat production estimate slightly on Wednesday despite a heatwave.
* CBOT September soft red winter wheat futures last traded up 6 cents at $7.92 a bushel. K.C. September hard red winter wheat was last up 8-1/2 cents at $8.80-1/4 a bushel, and MGEX September spring wheat was last 5-1/2 cents higher at $9.08-1/4.
CORN - Up 2 to 6 cents per bushel
* Corn rebounds from 1-1/2 week low on technical buying and short covering. Forecasts for rain and milder temperatures in some dry areas of the U.S. Midwest capping gains.
* The actively traded December contract held technical chart support at its 20-day moving average in overnight trading.
* CBOT December corn futures were 4-3/4 cents higher at $6.15 per bushel.
SOYBEANS - Up 12 to 20 cents per bushel
* Soybeans rise in a technical and short-covering bounce from a near two-week low. Forecasts for crop-boosting rain in dry areas of the U.S. Midwest limiting gains.
* The actively traded November contract hit technical chart resistance at its 200-day moving average in overnight trading.
* CBOT November soybeans were last 14-3/4 cents higher at $13.95-3/4 a bushel. (Reporting by Karl Plume; Editing by David Holmes)
© Copyright Thomson Reuters 2022. Click For Restrictions - http://about.reuters.com/fulllegal.asp