CBOT Trends-Wheat up 1-2 cents, corn steady-down 1, soy up 5-6

CHICAGO, Feb 6 (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 Thursday.

WHEAT - Up 1 to 2 cents per bushel

CBOT wheat Wv1 futures edged up on relief that U.S. tariffs have not sparked full-blown trade conflicts as well as measured Chinese counter-tariffs that did not include crops.

Traders have been concerned that tariffs could spark retaliatory moves against U.S. grain, hurting sales to major importers like China and Mexico.

Demand is limited, with the U.S. government halting purchases for foreign food aid programmes and China shunning wheat imports.

The U.S. Department of Agriculture reported 2024-25 export sales of U.S wheat for the week ended Jan. 30 at 438,900 metric tons, in line with trade estimates of 200,000 to 550,000 tons.

CBOT March soft red winter wheat WH25 was last up 2 cents to $5.74-1/4 per bushel. K.C. March hard red winter wheat KWH25 was last up 1-1/2 cents to $5.93-1/4 a bushel and Minneapolis March spring wheat MWEH25 was down 1/4 cent to $6.18-1/4 a bushel.

CORN - Steady to down 1 cent per bushel

Corn futures Cv1 tipped down as improving crop weather in Argentina, the world's No. 3 corn exporter, pressured prices.

Rain on Tuesday and Wednesday brought much-needed relief to crops in Argentina's central farming region, the Rosario grains exchange said.

The USDA reported 2024-25 export sales of U.S. corn at 1,477,200 tons, toward the high end of estimates that ranged from 850,000 to 1,500,000 tons.

CBOT March corn CH25 was last down 1/4 cent to $4.93 per bushel.

SOYBEANS - Up 5 to 6 cents per bushel

Soybean futures edged up, supported by relief that U.S. President Donald Trump has not yet unleashed tariffs on Mexico and Canada.

Traders were assessing the potential for crop purchases by China, the world's biggest soy importer, amid uncertainty about the impact of a trade dispute with Washington.

Hanging over soybeans are expectations of a massive crop in top producer Brazil. Rabobank is the latest consultant predicting a record soybean harvest of 170 million metric tons, 15 million tons more than in 2023/24.

The USDA reported 2024-25 export sales of U.S. soybeans at 387,700 tons, on the low end of estimates ranging from 300,000 to 1,100,000 tons.

CBOT March soybeans SH25 were last up 5-1/4 cents to $10.62-1/4 per bushel.