CBOT Trends-Wheat down 3-5 cents, corn steady, soy up 5-7 cents

CHICAGO, Nov 7 (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. CST (1430 GMT) on Friday.

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

WHEAT - Down 3 to 5 cents

• Wheat futures weakened as recent Chinese purchases of U.S. supplies fell short of some traders' expectations.

• On Thursday, traders said China booked around 120,000 metric tons of U.S. wheat for December shipment.

• Wheat prices also face headwinds from accelerating Russian exports and competition from harvests starting in Argentina and Australia.

• The most-active CBOT contract Wv1 has pulled back since climbing on Wednesday to the highest level since July 11.

• CBOT December soft red winter wheat WZ25 was last down 3-3/4 cents at $5.31-3/4 per bushel. K.C. December hard red winter wheat KWZ25 was 2-1/2 cents lower at $5.19-3/4 a bushel, and Minneapolis December wheat MWEZ25 was last down 1-3/4 cents at $5.58-3/4 per bushel.

CORN - Steady

• Traders were waiting for the U.S. Department of Agriculture to issue updated supply and demand estimates in a monthly report on November 14.

• It is difficult to see much changing in the market before USDA publishes its data, a broker said.

• The USDA did not publish its monthly report in October due to the federal government's shutdown, keeping farmers and traders in the dark about crop production and yields.

• CBOT December corn CZ25 was last down 1/4 cent at $4.28-1/2 per bushel.

SOYBEANS - Up 5 to 7 cents

• Soybean futures Sv1 jumped as Beijing said it would restore three U.S. firms' eligibility to export to China.

• China began modest purchases of U.S. farm products this week after the leaders of both countries met last week and reached a trade truce. Traders were still waiting for significant U.S. soybean buys after the White House said Beijing pledged to purchase 12 million tons by year-end.

• China's soybean imports reached a record level for the month of October, a Reuters calculation of customs data showed, as buyers increased purchases from South America.

• CBOT January soybeans SF26 were last up 6-1/2 cents at$11.14 per bushel.