CBOT Trends-Wheat up 5-6 cents, corn steady-up 4, soybeans down 14-15

CHICAGO, May 15 (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 5 to 6 cents per bushel

* CBOT wheat futures rose as major tenders from Saudi Arabia and Algeria pointed to increasing demand.

* Crop scouts on Wednesday, the second day of an annual three-day tour of Kansas, projected an average yield for hard red winter wheat in the southwestern portion of the state at 53.3 bushels per acre (bpa), up from 42.4 bpa in 2024.

* Export sales of wheat in the week ended May 8 totaled 804,800 metric tons, according to the U.S. Department of Agriculture.

* Saudi Arabia has issued a tender to buy 655,000 metric tons of wheat for the August to October 2025 shipment period, the General Food Security Authority (GFSA) said on Thursday.

* Algeria’s state grains agency OAIC has bought about 660,000 metric tons of milling wheat in an international tender that closed on Wednesday, European traders said.

* CBOT July soft red winter wheat WN25 was last up 5-1/2 cents at $5.30-1/4 per bushel. K.C. July hard red winter wheat KWN25 was last up 5-1/4 cents at $5.28-1/4 a bushel, while Minneapolis July spring wheat MWEN25 was last up 3-1/2 cents to $5.80-1/2 a bushel.

CORN - Steady to up 4 cents per bushel

* Corn futures fell as South American production is expected to rise this year.

* Brazilian second-corn farmers are poised to increase production by 11% this year to an estimated 99.8 million metric tons, national crop agency Conab said on Thursday, citing good weather in key growing regions.

* Brazil's corn output is forecast to hit around 125 million metric tons in the 2024/25 crop, Paulo Bertolini, president of Abramilho, the Brazilian Association of Corn and Sorghum Producers, said on Wednesday, adding that the ethanol industry's consumption of corn could soon more than double.

* The USDA reported weekly export sales of corn totaled 2,186,100 metric tons for the week ending May 8.

* CBOT July corn CN25 was last up 3-1/4 cents at $4.48-3/4 per bushel.

SOYBEANS - Down 14 to 15 cents per bushel

* Soybeans slumped on Thursday, pressured by a sharp drop for soyoil linked in turn to falling crude oil prices and concerns over the U.S. biofuel targets.

* Investors worried about biofuel policy with rumours that a target for renewable diesel volumes under discussion for next year will come well below the 5.25 billion gallons proposed by an alliance of oil and biofuel producers.

* On Wednesday, agribusiness consultancy AgResource estimated U.S. soybean exports may drop 20% and that prices will plunge if the U.S. and China fail to resolve their trade dispute.

* Export sales of soybeans for the week ended May 8 totaled 772,700 metric tons, according to the USDA.

* CBOT July soybeans SN25 were last down 14-3/4 cents at $10.63 per bushel.