Wheat and corn down 1-3 cents, soybeans down 3-6

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

WHEAT - Down 1 to 3 cents per bushel

* Wheat slips in a profit-taking setback ahead of the weekend. Prices also pressured by worries over export demand as a recent rally has made US supplies too pricey to generate overseas buying interest.

* Concerns that wet weather would slow winter wheat harvesting underpinned the market.

* CBOT September soft red winter wheat traded down 1 cent at $5.30-3/4 a bushel. K.C. September hard red winter wheat rose 1/4 cent to $4.71, and MGEX July spring wheat was 1-1/2 cents higher at $5.47.

CORN - Down 1 to 3 cents per bushel

* Corn eases on profit-taking after climbing to a five-year high this week.

* The market remains underpinned by worries about US production after excessive rains this spring.

* Normal to above-average precipitation is expected for much of the corn belt over the next five days, forecasters said.

* CBOT September corn traded 1-1/2 cents lower at $4.53-1/4 a bushel.

SOYBEANS - Down 3 to 6 cents per bushel

* Soybeans retreat on profit-taking after climbing to a 3-1/2 month peak this week.

* Soybean remain underpinned by forecasts for more rain in the US Midwest that could force farmers to curtail their soybean acreage as planting deadline approaches.

* CBOT July soybean futures held chart support at the 200-day moving average.

* CBOT July soybeans last traded 5 cents lower at $9.10-1/2 per bushel.