CBOT Trends-Wheat down 2-3 cents, corn up 1-2 cents, soybeans down 1-2 cents

CHICAGO, Sept 12 (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 Friday.

NOTE: Traders await monthly supply/demand reports, including updated U.S. crop estimates, due from the U.S. Department of Agriculture at 11 a.m. CDT (1600 GMT).

Also, CBOT September grain and soy futures contracts expire at 12:01 p.m. CDT (1701 GMT).

WHEAT - Down 2 to 3 cents per bushel

• CBOT wheat futures declined in early moves but the most-active December contract WZ25 stayed above a life-of-contract low set on Thursday at $5.12 per bushel. Adequate global wheat supplies hang over the market, capping rallies while traders await the USDA's monthly supply-demand reports.

• CBOT December soft red winter wheat WZ25 was last down 2-3/4 cents at $5.18-3/4 per bushel. K.C. December hard red winter wheat KWZ25 was last down 3-3/4 cents at $5.06-1/4 a bushel and Minneapolis December wheat MWEZ25 was last down 2 cents at $5.69-1/2 a bushel.

CORN - Up 1 to 2 cents per bushel

• CBOT corn Cv1 futures inched higher ahead of the daily pause in trade but market players were cautious ahead of the USDA's updated estimates of the U.S. corn and soybean crops.

• Analysts surveyed by Reuters on average expect the government to lower its corn production and yield estimates, but the crop is still seen as the largest on record.

• High levels of fungal disease lurk in the U.S. corn crop this year but the full extent of yield losses won't be known until farmers bring crops in from the fields. The harvest is barely under way, with 4% cut as of September 7.

• CBOT December corn CZ25 last traded up 1-1/2 cents at $4.21-1/4 per bushel.

SOYBEANS - Down 1 to 2 cents per bushel

• CBOT soybean Sv1 futures were lower in early moves but range-bound as traders awaited fresh direction from the USDA's monthly crop estimates.

• Analysts surveyed by Reuters on average expect the agency to lower its U.S. 2025 soybean yield and production forecasts.

• The USDA confirmed private sales of 22,000 metric tons of U.S. soyoil for delivery to South Korea in the 2025/26 marketing year that begins October 1.

• China's Vice Premier He Lifeng will visit Spain and hold talks with a U.S. delegation from September 14 to 17, China's Commerce Ministry said.

• The two sides will discuss economic and trade issues including U.S. tariffs, export control and TikTok. Top global soy buyer China has shunned U.S. soy supplies amid trade tensions with Washington.

• CBOT November soybeans SX25 were last down 1/2 cent at $10.33 per bushel.