
CHICAGO, Jan 26 (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. CST (1430 GMT) on Monday:
WHEAT - Down 1/2 to 1 cent per bushel
CBOT wheat Wv1 turned lower ahead of the daily pause in trade, retreating from a six-week high, pressured by declines in corn and plentiful global grain supplies.
The wheat market drew early support from a weaker U.S. dollar and worries about cold crop weather in the United States, Russia and Ukraine.
Traders were assessing the impact of a U.S. weekend storm that brought beneficial moisture to parts of the Plains and Midwest but may have left winter wheat vulnerable to cold weather damage where protective snow cover was lacking.
Commodity funds hold a sizable net short position in CBOT wheat futures, leaving the market prone to bouts of short-covering.
CBOT March soft red winter wheat WH26 was last down 1 cent at $5.28-1/2 per bushel. K.C. March hard red winter wheat KWH26 was last down 2-1/2 cents at $5.38-1/4 per bushel while Minneapolis March spring wheat MWEH26 was last up 1/4 cent at $5.75-1/4 per bushel.
CORN - Down 1 to 3 cents per bushel
CBOT corn turned lower on technical selling and ample world supplies of the grain. The most-active March contract CH26 climbed to $4.31-1/2 per bushel in early moves, its highest level since the USDA's bearish January 12 crop reports, before retreating.
Consultancy AgRural raised its forecast for Brazil's 2025/26 total corn output to 136.6 million metric tons, from its previous view of 136 million tons.
CBOT March corn CH26 was last down 2-1/2 cents at $4.28 per bushel.
SOYBEANS - Mixed, down 3/4 cent to up 1/4 cent per bushel
Benchmark CBOT March soybeans SH26 turned lower ahead of the daily break in trade as expectations of large South American harvests loomed over the market.
Agribusiness consultancy AgRural raised its estimate of Brazil's 2025/26 soybean crop to 181 million metric tons, up from a previous forecast of 180.4 million tons.
Farmers in Brazil had harvested 4.9% of their 2025/26 soybean crop as of last Thursday, AgRural said, up from 2% in the previous week and above the 3.9% seen a year earlier.
CBOT March soybeans SH26 were last down 3/4 cent at $10.67 per bushel.