CBOT Trends-Corn mostly higher, soybeans mostly lower, wheat mixed

CHICAGO, May 8 (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 Thursday.

WHEAT - Up 1 cent to down 3 cents per bushel

CBOT wheat futures narrowly mixed on positioning ahead of a government crop report on Monday and spillover pressure from lower corn.

The U.S. Department of Agriculture (USDA) said net old-crop U.S. wheat sales totaled 69,700 metric tons in the week ended May 1, in line with trade estimates. New-crop sales rose to 493,000 tons, above trade expectations. EXP/WHE

Canadian stocks of wheat as of March 31 were down 1.2% from a year earlier at 15.4 million metric tons, according to a farm survey by Statistics Canada released on Thursday.

CBOT July soft red winter wheat WN25 was unchanged at $5.34-1/4 per bushel. K.C. July hard red winter wheat KWN25 was last up 3/4 cent at $5.30-1/4 a bushel, while Minneapolis July spring wheat MWEN25 was last up 1/4 cent to $6.03-1/4 a bushel.

CORN - Up 3 cents to down 2 cents per bushel

Corn futures mostly lower, with only the July contract up after overnight trading. Market was pressured by favorable U.S. planting weather and positioning ahead of Monday's monthly USDA supply-and-demand report.

Actively traded CBOT July corn futures CN25 fell to the lowest level since December 19 during overnight trading.

The USDA on Monday is expected to report a sharp increase in U.S. corn production this year, lifting U.S. ending stocks above 2 billion bushels, according to an analyst poll.

The USDA said exporters sold a net 1,662,500 metric tons of U.S. corn in the week ended May 1, above trade expectations. New-crop sales were near the low end of a range of trade estimates at 18,000 tons. Total sales were the largest in three months, USDA data showed. EXP/CORN

Canadian stocks of corn as of March 31 were down 13% from a year earlier at 7.2 million metric tons, according to Statistics Canada.

CBOT July corn CN25 was last up 2-1/4 cents at $4.51-1/2 per bushel.

SOYBEANS - Up 7 cents to down 2 cents per bushel

Soybean futures were mostly higher for the first time in four sessions as favorable U.S. Midwest planting weather was seen limiting any major shift to soy from corn. Futures also supported by expectations for a drop in U.S. production this year.

Actively traded CBOT July soybeans SN25 held technical support at its 50-day moving average during overnight trading but hit overhead resistance at its 200-day moving average.

The USDA on Monday is expected to report a drop increase in U.S. soybean production this year due to fewer planted acres, according to an analyst poll.

The USDA said exporters sold a net 376,700 tons of old-crop U.S. soybeans last week along with 9,800 tons of new-crop soy, in line with trade estimates. EXP/SOY

Net U.S. soymeal export sales last week fell to the lowest point in five weeks, USDA data showed. EXP/MEAL

Canadian soybean stocks as of March 31 rose 10.9% from a year earlier to 2.4 million metric tons, while canola stocks fell 38.7% to 5.9 million tons, according to Statistics Canada.

CBOT July soybeans SN25 were last up 7 cents at $10.46-1/4 per bushel.