CBOT Trends-Wheat steady-up 1 cent, corn steady-weak, soy down 1-2 cents

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 Wednesday.

NOTE: Traders await monthly supply/demand reports, including updated U.S. crop estimates, due from the U.S. Department of Agriculture on Friday.

CBOT September grain and soy futures contracts expire on Friday.

WHEAT - Steady to up 1 cent per bushel

• CBOT wheat Wv1 futures were steady to fractionally higher in early moves, continuing in a sideways trading pattern this week. Brokers await fresh direction after the benchmark December contract WZ25 hit a contract low last week. Adequate world grain supplies hang over the market, capping rallies.

• Ahead of monthly supply/demand reports due from the USDA on Friday, analysts surveyed by Reuters on average expected the government to trim its forecast of 2025/26 U.S. wheat ending stocks and raise its forecast of global wheat stocks.

• CBOT December soft red winter wheat WZ25 was last up 1/2 cent at $5.20-3/4 per bushel. K.C. December hard red winter wheat KWZ25 was last up 1-1/4 cents at $5.11-1/2 a bushel while Minneapolis December wheat MWEZ25 was last down 1-1/4 cents at $5.72-3/4 a bushel.

CORN - Steady to down 1/2 cent per bushel

• CBOT corn Cv1 was flat to weaker in early moves as market players await updated U.S. crop estimates in the USDA's monthly supply-demand reports on Friday. Seasonal pressure from the start of the U.S. corn harvest adds to bearish sentiment.

• Analysts surveyed by Reuters on average expected the USDA to lower its U.S. 2025 corn yield and production forecasts, but the crop would still be the largest on record.

• CBOT December corn CZ25 was last down 1/4 cent at $4.19-1/2 per bushel.

SOYBEANS - Down 1 to 2 cents per bushel

• CBOT soybean Sv1 futures declined in early moves as traders squared positions ahead of Friday's monthly reports from the USDA. Analysts surveyed by Reuters on average expect the USDA on Friday to lower its U.S. 2025 soybean yield and production forecasts.

• U.S. farmers are missing out on billions of dollars in soybean sales to China halfway through their prime marketing season, as stalled trade talks halt exports and rival South American suppliers step in to fill the gap, traders and analysts said.

• CBOT November soybeans SX25 were last down 1-3/4 cents at $10.29-1/2 per bushel.