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 Thursday.
WHEAT - Down 5 cents to 7 cents per bushel
* CBOT wheat hit one-week low overnight. Wheat market under pressure from profit-taking after hitting one-month high on Monday.
* US Agriculture Department said on Thursday morning that weekly export sales of wheat totaled 511,100 tonnes.
* Benchmark Chicago Board of Trade May wheat futures contract fell below five-day and 10-day moving averages during overnight trading session.
* US Agriculture Department said on Thursday morning that weekly export sales of wheat totaled 511,100 tonnes, in line with market forecasts that ranged from 300,000 tonnes to 650,000 tonnes.
* CBOT May wheat last traded 6-1/4 cents lower at $4.63-1/4 per bushel. K.C. May hard red winter wheat was down 4-3/4 cents at $4.39-3/4 a bushel, and MGEX May spring wheat was 1-1/2 cents lower at $5.66-1/4 a bushel.
CORN - Steady to down 2 cents per bushel
* Consolidation trade expected as investors square positions ahead of USDA's prospective plantings and quarterly stocks reports on Friday.
* CBOT May corn futures contract found support during overnight trading at 20-day moving average. Contract held support at that same level on Wednesday.
* Export sales of corn were 989,900 tonnes in the latest week, in line with forecasts for 700,000 tonnes to 1.350 million tonnes.
* CBOT May corn last traded down 1/4 cent at $3.73-1/2 bushel.
SOYBEANS - Steady to up 3 cents per bushel
* Soybean prices steadying after sinking to three-month low on Wednesday. Concerns about flooding in the US Midwest that may cause farmers to plant more soybeans than expected continue to hang over market and limit strength. Poor export sales also add to the bearish tone amid uncertainty about trade deal with China.
* Benchmark May CBOT soybean futures contract held support just above Wednesday's low of $8.86 during overnight trading.
* USDA said weekly export sales of soybeans were just 198,800 tonnes, well below analysts' forecasts that ranged from 500,000 to 1 million tonnes.
* CBOT May soybeans last traded up 2 cents at $8.89-1/2 a bushel.
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