CBOT Trends-Wheat up 2-3 cents, corn steady-down 1/4 cent, soy up 1/2-2 cents

CHICAGO, Feb 11 (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 Tuesday.

NOTE: The U.S. Department of Agriculture will release its World Agricultural Supply and Demand Estimates (WASDE) report at 11 a.m. CST on Tuesday.

WHEAT - Up 2 to 3 cents per bushel

CBOT wheat Wv1 futures ticked up on lowered wheat export forecasts from Russia, while market players awaited the USDA's monthly supply and demand report.

Traders also monitored reactions to U.S. President Donald Trump signing proclamations raising tariffs on steel and aluminum imports into the U.S. to a flat 25%, in a move that risks sparking a multi-front trade war.

Russia's IKAR consultancy cut its 2024/25 wheat export forecast on Monday to 43 million metric tons from 43.5 million tons, citing low stocks and low margins in the world's top wheat exporter.

Some winterkill risks are expected this week in the U.S. Plains, according to Commodity Weather Group.

CBOT March soft red winter wheat WH25 was last up 2-1/4 cents at $5.81-3/4 per bushel. K.C. March hard red winter wheat KWH25 was last up 3/4 cent to $5.97-1/2 a bushel and Minneapolis March spring wheat MWEH25 was up 1-1/2 cents to $6.26-3/4 a bushel.

CORN - Flat to down 1/4 cent per bushel

Corn futures Cv1 were steady to lower as traders waited for the USDA to release its monthly supply and demand data, with analysts expecting the agency to cut its U.S. ending stocks.

Analysts surveyed by Reuters on average expect the USDA to cut U.S. corn ending stocks to 1.526 billion bushels from 1.540 billion bushels in January.

Market players watched the global reaction to new U.S. tariffs on its steel and aluminum imports, with concerns building that some countries may impose retaliatory tariffs on U.S. agricultural exports.

CBOT March corn CH25 last traded flat at 4.91-1/2 cents per bushel.

SOYBEANS - Up 1/2 cent to 2 cents per bushel

Soybean futures were mixed as concerns about retaliatory tariffs by countries such as China weighed on markets following Trump's order of tariffs on steel and aluminium imports.

Soybean futures received support from analysts' expectations that the USDA would cut U.S. soybean ending stocks to 374 million bushels from 380 million bushels in its monthly supply and demand report.

CBOT March soybeans SH25 were last up 1/2 cent to $10.50 per bushel.