CBOT Trends-Wheat down 5-6 cents, corn down 2-3, soy down 4-5

CHICAGO, Oct 31 (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 Friday.

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

WHEAT - Down 5 to 6 cents per bushel

• CBOT wheat turned lower on profit-taking.

• Roughly one-third of the U.S. Plains wheat crop is too dry, and dryness is expected to expand in coming weeks.

• CBOT December soft red winter wheat WZ25 was last down 6 cents to $5.18-1/4 per bushel. K.C. December hard red winter wheat KWZ25 was down 6-3/4 cents to $5.06-1/4 a bushel. Minneapolis December wheat MWEZ25 last traded up 1-3/4 cents to $5.52-1/4 per bushel.

CORN - Down 2 to 3 cents per bushel

• Corn futures ticked lower as ongoing uncertainty over the final size of the U.S. corn crop as harvest wraps up continued to pressure the market.

• Ukrainian grain exports fell to around 2.5 million metric tons in October from 3.7 million tons in the same month in 2024, mostly due to lower corn sales, the economy ministry said on Friday.

• CBOT December corn CZ25 was last down 2-1/2 cents to $4.27-3/4 per bushel.

SOYBEANS - Down 4 to 5 cents per bushel

• Soybean futures fell on profit-taking after they rose more than 10% in October, their biggest monthly gain in nearly four years, after U.S. President Donald Trump's administration said Beijing had agreed to boost purchases of U.S. soybeans as part of a trade truce.

• Trump said on Thursday that he and Chinese President Xi Jinping had agreed to lower tariffs on China in exchange for Beijing cracking down on the illicit fentanyl trade, resuming U.S. soybean purchases and keeping rare earths exports flowing.

• U.S. Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tons of American soybeans during the current season through January, down from 22.5 million tons in the prior season after a months-long tariff battle halted all purchases of the current U.S. harvest.

• CBOT November soybeans SX25 were last down 4-1/4 cents to $10.87 per bushel.