CBOT Trends-Wheat down 5-6 cents, corn down 2-4, soybeans down 5-6

CHICAGO, Oct 1 (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 Wednesday.

Note: The U.S. government shut down much of its operations on Wednesday morning as Congress and the White House failed to reach a funding deal.

WHEAT - Down 5 to 6 cents per bushel

• CBOT wheat Wv1 extended losses as the U.S. Department of Agriculture's widely tracked quarterly U.S. grain stocks estimates released on Tuesday weighed on prices by showing higher wheat inventories than anticipated on average by analysts.

• Wheat stocks reached a five-year high of 2.120 billion bushels on September 1, up from 1.992 billion bushels a year earlier, according to the U.S. Department of Agriculture's quarterly stocks report. Analysts expected 2.043 billion bushels.

• The USDA raised its estimate for U.S. wheat production to 1.985 billion bushels from 1.927 billion.

• Market-sensitive commodity data reports released by the U.S. Department of Agriculture could be vulnerable to disruption during the federal government shut down that began early Wednesday morning.

• CBOT December soft red winter wheat WZ25 was last down 5 cents at $5.03 per bushel. K.C. December hard red winter wheat KWZ25 was 6-1/2 cents lower at $4.91-1/4 per bushel, while Minneapolis December wheat MWEZ25 eased 2 cents to $5.60-3/4 per bushel.

CORN - Down 2 to 4 cents

• Corn fell as the USDA's quarterly U.S. grain stocks estimates released on Tuesday showed higher corn inventories than predicted on average by analysts.

• The USDA said in a quarterly report that there were 1.532 billion bushels of corn in storage as of September 1, down from 1.763 billion bushels a year earlier. Analysts on average expected 1.337 billion bushels.

• Export demand has been strong.

• Warm and dry weather over the U.S. Corn Belt promoted harvest progress over the weekend, and forecasts called for more of the same this week.

• CBOT December corn CZ25 was last down 2-3/4 cents at $4.12-3/4 per bushel.

SOYBEANS - Down 5 to 6 cents

• CBOT soy Sv1 dipped as the USDA's soybean stocks estimate came in slightly below the market consensus, but the oilseed market faced spillover pressure from the cereal numbers.

• The U.S. Department of Agriculture reported that there were 316 million bushels of soybeans in storage as of September 1, compared with 342 million a year ago, according to its quarterly stocks report. Analysts expected 323 million bushels.

• Soybean prices have been dampened in the past week by concern over China shunning U.S. supplies in favor of imports from South America, just as the U.S. new crop is being harvested.

• China booked a large volume of Argentine soybeans last week during a brief export tax waiver decreed by Buenos Aires, according to traders.

• CBOT November soybeans SX25 were last down 5-1/2 cents at $9.96-1/4 per bushel.