Wheat, corn up 3-4 cents; soy steady-down 2 cents

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

NOTE: Traders await the US Department of Agriculture's (USDA) acreage and quarterly stocks reports due Tuesday, June 30.

Tuesday is also first notice day for deliveries against CBOT July futures contracts.

WHEAT - Up 3 cents to 4 cents per bushel

Short-covering, bargain buying expected after CBOT soft red winter wheat, K.C. hard red winter wheat and MGEX spring wheat staked out fresh contract lows on Friday.

Statistics Canada pegged Canadian wheat plantings at 25.0 million acres, compared to estimates for 25.2 million.

CBOT July soft red winter wheat last traded up 3-3/4 cents at $4.79-1/2 bushel. K.C. July hard red winter wheat was last up 1/2 cent at $4.28-1/4 and MGEX July spring wheat last traded 1/2 cent higher at $5.09-1/4 per bushel.

CORN - Up 3 cents to 4 cents per bushel

Corn supported by mild round of short-covering after front-month contract hit its lowest since May 12 on Friday.

CBOT September corn futures rose above the low end of their 20-day Bollinger range during the overnight trading session.

Analysts expecting the USDA lower its estimate of US 2020 corn plantings to 95.2 million acres.

CBOT September corn last traded up 3-1/2 cents at $3.22-3/4 per bushel.

SOYBEANS - Steady to down 2 cents per bushel

Soybeans under pressure from benign crop weather, expectations that USDA will raise its estimate of US soybean plantings in Tuesday's acreage report by 1.4%. Some bargain buying seen limiting declines.

CBOT November soybeans last traded down 1/4 cent at $8.61 per bushel.