CBOT Trends-Wheat down 3-5 cents, corn steady-down 1, soy up 2-4

CHICAGO: Following are US trade expectations for the resumption of the grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Monday.

WHEAT - Down 3 to 5 cents per bushel

Lower on technical selling and plentiful global supplies. Market underpinned by a weaker dollar, which theoretically makes US grains more attractive on the global market.

The CBOT reported no deliveries against the expired CBOT May wheat contract and 22 K.C. wheat deliveries. There were no deliveries of MGEX May spring wheat.

CBOT July soft red winter wheat was 1ast down 4-1/2 cents at $4.28-1/4 per bushel, K.C. July hard red winter wheat was last down 4-1/2 cents at $4.34-3/4, and MGEX July spring wheat was down 1-1/4 cents at $5.45-1/4.

CORN - Steady to down 1 cent per bushel

Lower in rangebound trade, with forecasts calling for warmer temperatures in the US Midwest that should help dry saturated soils and boost crop germination. CBOT July corn held support above its 200-day moving average near $3.69 a bushel in early moves.

The CBOT reported 193 deliveries against the expired May corn futures contract.

CBOT July corn last down 1/2 cent at $3.70-1/2 a bushel.

SOYBEANS - Up 2 to 4 cents per bushel

Higher in a light rebound after Friday's drop in the July contract to a near two-week low. Additional support from strength in crude oil.

Malaysian July palm oil rose 1.24 percent on higher exports figures ahead of festivities and firm soyoil prices.

The CBOT reported 91 soybean deliveries against the expired May futures contract. There were 19 soymeal deliveries and 76 soyoil deliveries.

CBOT July soybeans were last up 4 cents at $9.67 a bushel.