CBOT Trends-Wheat up 0-3 cents, corn down 0-3 cents, soy down 5-10 cents
CHICAGO, Sept 4 (Reuters) -Following are U.S. 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 0 to 3 cents per bushel
* CBOT wheat futures rise as demand for exports is indicated by South Korea and Thailand tenders, as well as Ukraine export data.
* For spring wheat, the USDA said the harvest was 70% complete as of Sunday, ahead of the average trade estimate of 69% and matching the five-year average.
* Farmers have begun seeding the U.S. winter wheat crop that will be harvested in 2025. The USDA reported planting progress as 2% complete, in line with analysts' average estimate.
* Ukraine's grain exports in the 2024/25 July-June season had jumped to 7.2 million metric tons as of Sept. 4 from 4.9 million tons by the same date of the previous season, agriculture ministry data showed on Wednesday.
* CBOT December soft red winter wheat WZ24 was last up 1/2 cent at $5.67-1/4. December hard red winter wheat KWZ24 was last up 1-3/4 cents at $5.78 a bushel, while MGEX December spring wheat MWEZ24 was last up 3 cents at $6.10-1/4 a bushel.
CORN - Down 0 to 3 cents per bushel
* CBOT corn down as the USDA rated the U.S. crop better than trade expectations.
* The USDA rated 65% of the corn crop as good to excellent, unchanged from last week. Analysts on average had expected a 1-point decline in corn.
* Warm, dry weather in the Midwest could aid the corn harvest and limit early frost concerns, according to Commodity Weather Group, but the weekly U.S. Drought Monitor report, prepared by a consortium of climatologists, showed abnormal dryness in Iowa, Minnesota, and Illinois and about 16% of Ohio in "extreme drought."
* CBOT December corn CZ24 was last down 1/2 cent at $4.08-3/4.
SOYBEANS - Down 5 to 10 cents per bushel
* The U.S. Department of Agriculture in a weekly crop progress report rated 65% of the soybean crop as good to excellent, down 2 percentage points from a week ago, while analysts on average had expected a 1-point decline.
* Warm, dry weather in the central U.S. could aid harvest, said some analysts, but abnormal dryness could negatively impact the crop in some areas.
* The oilseed fell back down after a sharp rise on Tuesday on China's announcement that it would launch an anti-dumpingprobe into Canadian canola imports. The announcement prompted market participants to begin looking for alternatives.
* CBOT November soybeans SX24 were last down 4-1/4 cents at $10.07-3/4 per bushel.
Reporting by Renee Hickman; Editing by Mark Potter
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