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

CHICAGO, Sept 18 (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 1 to 2 cents per bushel

• CBOT wheat futures ticked up with a slight fall in the dollar as investors digested a U.S. interest rate cut that helped underpin the cereal markets.

• The Federal Reserve reduced rates by a quarter point on Wednesday, as expected, with Chair Jerome Powell characterizing the day's policy action as a risk-management cut in response to the weakening labor market, but said the central bank did not need to rush easing.

• A weaker dollar tends to make U.S. exports less expensive and more competitive on the global market.

• The U.S. Department of Agriculture reported net weekly export sales of wheat totaling 387,500 metric tons for the week ended Sept. 11.

• CBOT December soft red winter wheat WZ25 was last up 1-1/2 cents at $5.29-1/2 per bushel. K.C. December hard red winter wheat KWZ25 last traded down 1/2 cent at $5.15-3/4 a bushel and Minneapolis December wheat MWEZ25 traded 3/4 cent lower at $5.73-1/4 a bushel.

CORN - Steady to down 1 cent per bushel

• CBOT corn Cv1 futures ticked down slightly with a large crop predicted but a lower dollar giving exports a boost.

• U.S. farmers will harvest a record corn crop this autumn, eclipsing the previous record set two years ago by nearly 1.5 billion bushels after gathering their largest acreage in 92 years, the U.S. Department of Agriculture said on Friday.

• The USDA reported net weekly export sales of corn totaling 1,231,000 tons for the week ended September 11.

• CBOT December corn CZ25 was last down 3/4 cent at $4.26 per bushel.

SOYBEANS - Down 2 to 3 cents per bushel

• CBOT soybean Sv1 futures fell, pressured by weaker soyoil prices following a U.S. biofuel proposal that disappointed the market.

• The market came under pressure after Tuesday's U.S. Environmental Protection Agency proposal failed to clarify how biofuel blending obligations would be reallocated under the government's Small Refinery Exemption program.

• The USDA reported net weekly export sales of soybeans at 925,300 tons for the week ended September 11.

• CBOT November soybeans SX25 were last down 2-1/2 cents at $10.41-1/4 per bushel.