Soybeans up 4-6 cents; wheat, corn steady-up 2 cents

• Concerns about production shortfalls in Australia and Argentina, combined with strong demand from global importers, support wheat prices.
• Soy futures boosted by slow pace of harvest in US Midwest as well as concerns that recent snowstorm and freezing temperatures in harvest pace damaged the crop in that area.

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 Monday.

WHEAT - Steady to up 2 cents per bushel

* Concerns about production shortfalls in Australia and Argentina, combined with strong demand from global importers, support wheat prices. Most-active wheat futures contract hit highest since June 28 during the overnight trading session.

* Benchmark CBOT December soft red winter wheat contract rose above its 20-day Bollinger range overnight.

* CBOT December soft red winter wheat last traded up 1 cent at $5.33-1/4 per bushel. K.C. December hard red winter wheat was last up 1-1/2 cents at $4.35-1/4, and MGEX December spring wheat was last down 1/4 cent at $5.44-1/4.

CORN - Steady to up 2 cents per bushel

* Gains in soybeans, wheat supportive to corn. Weak demand for the yellow grain weighs on futures.

* CBOT December corn contract struggled to stay above the 10-day moving average overnight. Technical support noted at 20-day moving average.

* CBOT December corn last traded up 1 cent at $3.92 per bushel.

SOYBEANS - UP 4 cents to 6 cents per bushel

* Soy futures boosted by slow pace of harvest in US Midwest as well as concerns that recent snowstorm and freezing temperatures in harvest pace damaged the crop in that area.

* The benchmark CBOT November soybean futures contract broke through its 10-day moving average overnight.

* CBOT November soybeans last traded up 4 cents at $9.38 per bushel.