CBOT Trends-Wheat steady-up 1 cent, corn down 2, soy down 5-6

CHICAGO, Jan 30 (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 Friday:

WHEAT - Steady to up 1 cent per bushel

• CBOT wheat Wv1 held mostly steady with support from winter weather risks in the northern hemisphere.

• Wheat has also drawn support from short-covering by investment funds and bouts of severe cold in wheat belts in the United States and the Black Sea region.

• Snow over wheat in the U.S. Midwest has decreased the risks of winterkill.

• CBOT March soft red winter wheat WH26 was last up 2 cents to $5.43-1/2 per bushel. K.C. March hard red winter wheat KWH26 was last up 2-1/4 cents at $5.49-1/4 per bushel and Minneapolis March spring wheat MWEH26 was last down 2 cents to $5.79-1/2 per bushel.

CORN - Down 2 cents per bushel

• CBOT corn futures Cv1 turned lower on pressure from a rising dollar, which makes U.S. crops less competitive.

• Market participants were adjusting positions at the end of the month and after a volatile trading week marked by a four-year low for the dollar and record-high precious metal prices.

• CBOT March corn CH26 was last down 2-1/4 cents to $4.28-1/2 per bushel.

SOYBEANS - Down 5 to 6 cents per bushel

• CBOT soybean futures Sv1 turned lower on the prospect of record soybean production in Brazil and a rising dollar.

• Harvesting in Brazil is still in its early stages.

• CBOT March soybeans SH26 were last down 5-3/4 cents to $10.66-1/2 per bushel.