CBOT Trends-Wheat up 2-4 cents, corn steady-down 1 cent, soy up 1-2 cents

CHICAGO, Jan 22 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Wednesday.

WHEAT - Up 2 to 4 cents per bushel

CBOT wheat futures head higher on a setback in the dollar, which tends to make U.S. grains more competitive globally, and worries about freeze damage to dormant winter wheat this week in portions of the U.S. Plains and Midwest.

CBOT March wheat WH25 rose to $5.62-3/4 per bushel ahead of the daily pause in trade, its highest since Dec. 12.

CBOT March soft red winter wheat WH25 was last up 3 cents at $5.61-3/4 a bushel. K.C. March hard red winter wheat KWH25 was last up 4-1/2 cents at $5.80 a bushel, and Minneapolis March spring wheat MWEH25 was up 1-1/2 cents at $6.06 a bushel.

CORN - Steady to down 1 cent per bushel

Corn futures seen easing in a light profit-taking setback one day after the March contract CH25 climbed to $4.90-3/4, its highest level since May and the highest on a continuous chart of the most-active corn contract Cv1 in 13 months. Worries about stressful crop weather in Argentina and tighter U.S. corn stocks underpin the market.

The U.S. Department of Agriculture confirmed private sales of 136,000 metric tons of U.S. corn to undisclosed locations for delivery in the 2024-25 marketing year that began Sept. 1, 2024.

Traders continue to assess U.S. President Donald Trump's early statements on tariffs. Trump on Tuesday vowed to hit the European Union with tariffs and said his administration was discussing a 10% punitive duty on Chinese imports.

S&P Global Commodity Insights projected on Tuesday that U.S. farmers would plant 93.5 million acres of corn in 2025, up 2.9 million acres from 2024.

CBOT March corn CH25 was last down 3/4 cent at $4.89-1/4 per bushel.

SOYBEANS - Up 1 to 2 cents per bushel

Soybean futures Sv1 turned higher ahead of the daily pause in trade, lifted by uncertainty about Argentine crop prospects and news that China has stopped receiving Brazilian soybean shipments from five entities after cargoes did not meet phytosanitary requirements, according to sources.

Uncertainty about Trump's early statements on tariffs hangs over the market.

S&P Global Commodity Insights projected on Tuesday that U.S. farmers would plant 83.3 million acres of soybeans in 2025, down 3.8 million acres from 2024.

CBOT March soybeans SH25 were last up 2-1/4 cents at $10.69-1/2 per bushel.

(Reporting by Julie Ingwersen)

((Julie.ingwersen@thomsonreuters.com; 1-313-484-5283; Reuters Messaging: julie.ingwersen.thomsonreuters.com@reuters.net))