Soy down 20-25 cents, corn down 10-12 cents, wheat down 12-15 cents

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

WHEAT - Down 12 cents to 15 cents per bushel

Wheat heading lower as part of broad markets sell-off related to rising COVID-19 cases in Europe and the United States. Forecasts for rain in US Plains add pressure.

Most-active CBOT soft red winter wheat contract hit lowest in nearly two weeks during overnight trading.

CBOT December soft red winter wheat dropped below its 20-day moving average for the first time in four weeks during overnight trading.

CBOT December soft red winter wheat last traded down 12-1/2 cents at $6.03-1/4 per bushel. K.C. December hard red winter wheat was last down 16 cents at $5.33-1/4 a bushel. MGEX December spring wheat was last off 9-3/4 cents at $5.51-3/4 a bushel.

CORN - Down 10 cents to 12 cents per bushel

Follow-through technical selling expected after corn futures closed near session lows on Wednesday.

Benchmark CBOT December corn contract dropped below its 10-day moving average for the first time since Sept. 30 overnight.

CBOT December corn was last 10-1/2 cents lower at $4.05-1/2 per bushel.

SOYBEANS - Down 20 cents to 25 cents per bushel

Technical setback expected, with traders also focusing on pressure from forecasts for rain in Brazil and sharp drop in crude oil -- stemming from COVID-19 concerns.

CBOT November soybeans dropped below their 10-day moving average overnight.

The US soybean crop was 83% harvested, ahead of the five-year average of 73% but lagging the average analyst estimate of 86%, USDA said on Monday afternoon.

CBOT November soybeans last traded down 19-3/4 cents at $10.62-1/2 per bushel.