CBOT Trends-Wheat and soybeans up 4-5 cents, corn up about 1 cent

CHICAGO, Jan 22 (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 Thursday:

WHEAT - Up 4 to 5 cents per bushel

• CBOT wheat futures rose in early moves, although the benchmark March contract WH26 stayed inside of Wednesday's trading range. A softer dollar .DXY lent support, in theory making U.S. grains more attractive to those holding other currencies. But ample world grain supplies and strong export competition hung over the market, capping rallies.

• A winter storm is forecast to bring beneficial moisture to the southern Plains starting Friday but frigid temperatures it its wake could threaten winter wheat in areas lacking protective snow cover.

• Managed commodity funds hold a sizable net short position in CBOT wheat futures, leaving the market open to bouts of short-covering.

• CBOT March soft red winter wheat WH26 was last up 4-3/4 cents at $5.12-1/2 per bushel. K.C. March hard red winter wheat KWH26 was last up 4-3/4 cents at $5.24-1/2 per bushel and Minneapolis March spring wheat MWEH26 was last up 3-3/4 cents at $5.67-1/2 per bushel.

CORN - Up 1/2 to 1-1/4 cents per bushel

• CBOT corn edged higher in early moves on spillover strength from soybeans and wheat. Brisk export demand for U.S. corn supplies and a softer dollar lent support.

• Dry conditions were building in parts of Argentina's crop belt with warm temperatures expected this weekend, the Commodity Weather Group said in a client note.

• CBOT March corn CH26 was last up 1-1/4 cents at $4.23 per bushel.

SOYBEANS - Up 4 to 5 cents per bushel

• CBOT soybean futures firmed on technical buying and optimism that top soy importer China would continue buying supplies from the United States following talks on Wednesday between U.S. and Chinese officials.

• The U.S. Department of Agriculture confirmed private sales of 192,350 metric tons of U.S. soybeans to undisclosed destinations for delivery in the current 2025/26 marketing year that began on September 1, 2025.

• The CBOT March soybean contract SH26 reached $10.70 a bushel in early moves, testing technical resistance at its 200-day moving average near $10.68.

• CBOT March soybeans SH26 were last up 4-3/4 cents at $10.69-1/4 per bushel.