CBOT Trends-Wheat and corn down 1-3 cents, soybeans down 5-10 cents
CHICAGO, Aug 22 (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 Thursday.
WHEAT - Down 1 to 3 cents per bushel
* Wheat futures lower as traders assessed the market impact of a rail stoppage in Canada that would disrupt exports from North America.
* Canada's top two railroads locked out more than 9,000 unionized workers, triggering an unprecedented rail stoppage that could cause billions of dollars worth of economic damage.
* Net U.S. wheat export sales for the week ended Aug. 15 totaled 492,700 metric tons, the U.S. Department of Agriculture (USDA) said, near the high end of analyst estimates that ranged from 250,000 to 500,000 tons. EXP/WHE
* CBOT September soft red winter wheat WU24 was last down 3/4 cent at $5.19 per bushel. K.C. September hard red winter wheat KWU24 was last down 1-1/2 cents at $5.34-3/4 per bushel, and MGEX September spring wheat MWEU24 was last down 2 cents at $5.79-1/4 per bushel.
CORN - Down 1 to 3 cents per bushel
* Corn weaker as crop scouts on an annual survey of U.S. Midwest fields estimated bumper yields in the heart of the corn belt. Possible disruptions of grain flows due to a Canadian rail stoppage also weighing on the market.
* Midwest crop tour scouts estimated record yields in No. 2 producer Illinois and mostly above-average yields in the western third of top corn state Iowa on Wednesday. The tour will conclude on Thursday with full-state results from Iowa and Minnesota.
* Net weekly old-crop U.S. corn export sales of 119,100 tons were in line with trade estimates, while new-crop sales of 1.291 million tons topped trade expectations for up to 1.025 million tons. EXP/CORN
* Additionally, the USDA confirmed private sales of 110,490 metric tons of U.S. corn to Mexico and 132,000 tons to undisclosed destinations for shipment in the 2024/25 marketing year.
* CBOT December corn CZ24 was last down 1-1/4 cents at $3.97 per bushel.
SOYBEANS - Down 5 to 10 cents per bushel
* Soybeans lower as a closely followed annual U.S. crop tour suggested strong harvest potential in the heart of the farm belt. Possible disruptions of grain flows due to a Canadian rail stoppage also hanging over the market. Improving export demand limiting declines.
* Scouts on the Pro Farmer Midwest crop tour estimated the highest soy pod counts since 2000 in top producer Illinois and above-average counts in western Iowa. The tour will conclude on Thursday with full-state results from Iowa and Minnesota.
* The USDA reported net cancellations of 43,700 tons of old-crop soybean export sales in the week ended Aug 15. New-crop sales of 1.677 million tons exceeded trade estimates for up to 1.35 million tons.
* Additionally, the USDA confirmed private sales of 198,000 metric tons of U.S. soybeans to China for shipment in the 2024/25 marketing year and 105,000 tons of soymeal to Vietnam.
* CBOT November soybeans SX24 were last down 8-1/2 cents at $9.73 per bushel.
Reporting by Karl Plume; Editing by Devika Syamnath
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