CBOT Trends-Soybeans down 2-5 cents, corn steady-down 2, wheat mixed

CHICAGO, May 22 (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 3 cents to down 3 cents per bushel

• CBOT wheat futures mixed as support from short-covering and strong export sales is offset by pressure from a firmer U.S. dollar.

• The U.S. Department of Agriculture (USDA) said net U.S. wheat export sales for shipment in the upcoming 2025/26 marketing year totaled 882,200 metric tons in the week ended May 15, above trade estimates. The agency also reported net old-crop sales cancellations of 13,300 tons. EXP/WHE

• CBOT July soft red winter wheat WN25 was last down 3/4 cent at $5.48-1/2 per bushel. K.C. July hard red winter wheat KWN25 was last up 1 cent at $5.41-1/2 a bushel. Minneapolis July spring wheat MWEN25 was last up 2 cents at $6.06-1/4 a bushel.

CORN - Steady to down 2 cents per bushel

• Corn futures steady to lower on technical selling and profit taking after recent gains. The firmer U.S. dollar and weaker crude oil add pressure.

• Actively traded CBOT July corn CN25 hit overhead technical resistance at its 200-day moving average during overnight trading.

• The USDA said exporters sold a net 1,190,800 metric tons of old-crop U.S. corn last week and 218,400 tons of new-crop corn, both down from a week earlier but in line with trade expectations. EXP/CORN

• The International Grains Council raised its forecast for 2025/26 global corn production by 3 million metric tons to 1.277 billion tons.

• CBOT July corn CN25 was last unchanged at $4.61 per bushel.

SOYBEANS - Down 2 to 5 cents per bushel

• Soybeans lower, led by steep declines in soyoil futures as an amendment to the House tax bill was seen as negative to biodiesel tax credits, analysts said.

• The USDA said U.S. exporters sold a net 307,900 metric tons of old-crop U.S. soybeans last week, near the high end of a range of trade estimates. New-crop sales of 15,000 tons were below expectations. EXP/SOY

• CBOT July soybeans SN25 were last down 1-3/4 cents at $10.61 per bushel.