CBOT Trends-Wheat, corn steady to up 1 cent, soy up 3-4 cents

CHICAGO, Oct 23 (Reuters) - 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.

NOTE: The U.S. government remains shut down, suspending many government reports.

WHEAT - Flat to up 1 cent per bushel

• CBOT wheat Wv1 futures edged up, with news of an import purchase by Algeria lending some support.

• Competitive prices for Argentine wheat, which traders said was in contention to fill some of the Algerian order, were keeping attention on large production in major exporting countries.

• The International Grains Council has raised its forecast for 2025/26 global wheat production by 8 million metric tons to 827 million tons, it said on Thursday.

• CBOT December soft red winter wheat WZ25 was last unchanged at $5.03-3/4 per bushel. K.C. December hard red winter wheat KWZ25 was last up 1-3/4 cents to $4.90-1/4 a bushel and Minneapolis December wheat MWEZ25 last traded up 1 cent to $5.48-3/4 per bushel.

CORN - Flat to up 1 cent per bushel

• Corn futures chopped up and down as it received spillover support from wheat and soy futures, though gains have been capped by ample supplies from the ongoing U.S. harvest and South American crops.

• Expectations that U.S. yields will fall short of the most recent official forecasts were tempering supply pressure in the absence of further updates from the U.S. Department of Agriculture due to a government shutdown.

• CBOT December corn CZ25 was last unchanged at $4.23 per bushel.

SOYBEANS - Up 2 to 4 cents per bushel

• Soybean futures Sv1 turned higher, spurred by a jump in crude oil following U.S. sanctions on Russia's two biggest oil firms along with hopes for progress in U.S.-Chinese trade talks.

• The soybean market has also found support in hopes for a trade deal between Washington and Beijing, after their standoff this year halted massive U.S. soybean sales to China.

• U.S. President Donald Trump maintained an upbeat tone about reaching agreements with his Chinese counterpart Xi Jinping when they are due to meet in South Korea next week, reiterating that the resumption of soybean purchases as a key area of discussion.

• CBOT November soybeans SX25 were last up 3 cents at$10.37-3/4 per bushel.