CHICAGO, Aug 11 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading on Monday:
WHEAT - Steady to up 1 cent per bushel
Wheat futures followed soybeans' upward direction but faced headwinds from large global supplies.
Northern Hemisphere wheat harvests have been inundating the market recently, according to analysts.
Low prices last week stimulated demand. Weekly U.S. export sales reported by the U.S. Department of Agriculture (USDA) on Thursday showed wheat, corn and soybean volumes above market estimates.
Traders awaited the results of the U.S. Department of Agriculture's monthly supply and demand report due on Aug. 12.
CBOT September soft red winter wheat WU25 was last up 3/4 cent at $5.15-1/4 per bushel. K.C. September hard red winter wheat KWU25 was last down 2-3/4 cents at $5.15-1/2 per bushel. Minneapolis September wheat MWEU25 was last up 3-1/4 cents at $5.80 a bushel.
CORN - Up 1 to 2 cents per bushel
Corn futures firmed as soybeans shot up, pressured by large supplies but supported as low prices drove export interest.
Ahead of the U.S. Department of Agriculture's monthly supply and demand report due on Aug. 12, analysts polled by Reuters thought the agency would raise its corn production estimates to 15.990 billion bushels from July's 15.705 billion bushels.
Low prices last week led to export interest. Weekly U.S. export sales reported by the U.S. Department of Agriculture (USDA) on Thursday showed wheat, corn and soybean volumes above market estimates.
CBOT December corn CU25 was last up 1-1/2 cents to $4.07 per bushel.
SOYBEANS - Up 16 to 22 cents per bushel
Soybean futures were boosted by U.S. President Donald Trump's post on Truth Social saying he hoped China would quadruple its soybean purchases as part of US-China trade negotiations.
China is the world's largest soy importer but has slashed purchases of U.S. beans as trade tensions between Washington and Beijing have flared.GRA/
Analysts said it was "highly unlikely" that China would buy four times its usual volume of soybeans from the U.S.
Ahead of the U.S. Department of Agriculture's monthly supply and demand report due on Aug. 12, analysts polled by Reuters thought the agency would raise its soy production estimates to 4.368 billion bushels from July's 4.335 billion bushels.
CBOT November soybeans SX25 were last up 16-3/4 cents at $10.04-1/4 per bushel.