Wheat down 4-6 cents, corn steady-down 1, soy up 1-2

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 Wednesday.

NOTE: Friday is first notice day for deliveries against CBOT September grain and oilseed futures.

WHEAT - Down 4 to 6 cents per bushel

* Wheat lower on technical selling and strong competition for export business amid plentiful global supplies. But a smaller-than-expected Canadian wheat forecast may lend support.

* Statistics Canada projected Canada's total 2019 wheat production at 31.25 million tonnes, down from 32.2 million in 2018 and below an average of trade expectations for 32.3 million tonnes.

* France will need to export 20.1 million tonnes of soft wheat this season after harvesting its second-largest crop in history, French consultancy Agritel said.

* CBOT December soft red winter wheat last traded down 5-1/2 cents at $4.71-1/4 a bushel. K.C. December hard red winter wheat was last down 4 cents at $4.00-3/4 and MGEX December spring wheat last traded unchanged at $5.11 after setting a contract low at $5.10-1/2.

CORN - Steady to down 1 cent per bushel

* Corn drifting lower on technical selling, with the benchmark December contract hovering just above its mid-May contract low of $3.63-3/4.

* Weather in the US Corn Belt remains generally benign but temperatures are cool, potentially slowing the growth of a late-developing crop.

* CBOT December corn last traded down 1/2 cent at $3.65-3/4 per bushel.

SOYBEANS - Up 1 to 2 cents per bushel

* Soybeans firm in rangebound trade, awaiting fresh news from trade wars or a deviation from currently benign US crop weather. The benchmark November contract stayed inside Tuesday's trading range in early moves.

* Statistics Canada projected Canada's 2019 canola crop at 18.45 million tonnes, down from 20.34 million in 2018 and below an average of trade expectations for 18.9 million tonnes.

* CBOT November soybeans last traded up 1-3/4 cents at $8.61 per bushel.