CBOT Trends-Wheat up 4-5 cents, corn mixed, soybeans down 2-5 cents

CHICAGO, May 5 (Reuters) - The 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. CDT (1330 GMT) on Tuesday.

WHEAT - Up 4 to 5 cents per bushel

CBOT wheat futures turned higher in early moves after taking a beating on Monday, and as a weaker U.S. dollar =USD gave grain futures a boost, analysts said. MKTS/GLOB

A softer dollar tends to make U.S. grains more competitive globally, and commodity funds hold a sizable net short position in CBOT both corn and wheat futures, leaving the market prone to short-covering rallies.

China's Henan province, a key wheat-producing region, has issued a risk warning as dry, hot winds threaten the development of its wheat crop.

The U.S. Department of Agriculture's weekly crop progress report, released after Monday's close, showed 51% of U.S. winter wheat rated good-to-excellent, slightly ahead of the average analyst projection and ahead of the five year average.

Wheat weekly export inspections were below expectations and the lowest seen in 8 weeks, USDA data showed Monday.

CBOT July soft red winter wheat WN25 was last up 5 cents at $5.36-1/4 per bushel. K.C. July hard red winter wheat KWN25 was last up 3-1/4 cents at $5.36 a bushel while Minneapolis July spring wheat MWEN25 was last down 3-1/2 cents to $6.06 a bushel.

CORN - Mixed; July contract firm, new-crop months lower

Nearby July CN25 corn futures edged up after hitting a one-month low in the previous session, though prices remained under pressure from beneficial U.S. crop conditions and concerns over international trade tensions, analysts said.

The crude oil market's LCOc1 rebound from four-year lows also was somewhat supportive of grain futures, analysts said. MKTS/GLOB

New-crop CBOT December corn CZ25 ticked lower.

The USDA's weekly crop progress update showed that corn planting was 40% complete, ahead of the five-year average of 39% but slightly below analyst expectations of 41%.

Strong harvest prospects in Brazil were weighing on corn futures, analysts said, countering support from brisk U.S. exports.

CBOT July corn CN25 was last up 2-1/2 cents to $4.56-3/4 per bushel.

SOYBEANS - Down 2 to 5 cents per bushel

Soybean futures headed lower for a second straight session as trade tensions continued between the U.S. and top soybean buyer China and amid a lack of fresh news over trade talks, analysts said. A strong U.S. planting pace added to bearish sentiment.

Analysts said the Trump administration's proposal to cut billions of dollars in federal funding next year for projects including renewable energy are still weighing on the soyoil markets.

The USDA's weekly crop progress update showed that soybean planting was at 30%, above the five-year average of 23%, but just shy of analysts expectations of 31%.

CBOT July soybeans SN25 were last down 2-3/4 cents at $10.42-3/4 per bushel.