CBOT Trends-Wheat up 2-4 cents, corn down 1-3 cents, soy up 3-5 cents

CHICAGO, March 31 (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. CDT (1330 GMT) on Tuesday.

Traders awaited the U.S. Department of Agriculture prospective plantings and quarterly grain stocks reports due at 11 a.m. CDT.

WHEAT - Up 2 to 4 cents per bushel

• CBOT wheat Wv1 reached a March 19 high as dry weather threatened crops in the U.S. Plains.

• Rains expected next week would still leave the western Plains too dry, Commodity Weather Group said.

• In Kansas, 40% of winter wheat was in good or excellent condition as of Sunday, down from 46% a week earlier, USDA said on Monday.

• USDA is expected to report U.S. wheat stocks were 1.310 billion bushels on March 1, up from 1.237 billion bushels a year ago, a Reuters poll showed.

• Analysts estimate U.S. wheat plantings of 44.786 million acres for 2026 harvesting, compared with 45.328 million for 2025.

• CBOT May soft red winter wheat WK26 was up 2-1/4 cents at $6.09-1/4 per bushel by 7:40 a.m. CDT. K.C. May hard red winter wheat KWK26 was last up 2-3/4 cents at $6.29 per bushel, and Minneapolis May spring wheat MWEK26 was down 1-1/2 cents at $6.50-1/2 per bushel.

CORN - Down 1 to 3 cents per bushel

• USDA is expected to report U.S. corn stocks were 9.104 billion bushels on March 1, up from 8.147 billion bushels a year earlier.

• Analysts estimate U.S. corn plantings of 94.371 million acres, compared with 98.788 million acres last year.

• Spiking fertilizer prices due to the Iran war will likely reduce corn and spring wheat plantings, analysts said.

• Midwest rains this week will slow early field work, according to Commodity Weather Group.

• CBOT May corn CK26 was last down 1-1/4 cents at $4.54-1/2 per bushel.

SOYBEANS - Up 3 to 5 cents

• USDA is expected to report U.S. soybean stocks were 2.067 billion bushels on March 1, compared with 1.911 billion a year earlier.

• Analysts estimate plantings of 85.549 million acres, up from 81.215 million acres last year.

• Grain and oilseed prices have broadly tracked fluctuations in crude oil during the Iran war. Brent oil futures headed for their largest monthly gain.

• CBOT May soybeans SK26 were last up 4-1/2 cents at $11.64-1/4 per bushel.