CBOT Trends-Wheat down 6-8 cents, corn down 1-2 cents, soy down 1-3 cents

CHICAGO, April 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. CDT (1330 GMT) on Thursday:

WHEAT - Down 6 to 8 cents per bushel

• Wheat futures turned lower in early moves on profit-taking one day after the CBOT July contract WN26 hit $6.71-1/2 per bushel, the highest on a continuous chart of the most-active contract Wv1 since June 2024.

• Market underpinned by worries about drought threatening yield prospects in the souther U.S. Plains wheat belt.

• The U.S. Department of Agriculture reported net export sales of old-crop U.S. wheat in the week ended April 23 at 226,100 metric tons and new-crop sales of 156,700 tons, both in line with trade expectations.

• The CBOT reported 400 deliveries against CBOT May WK26 wheat futures on first notice day along with 578 deliveries against K.C. May KWK26 hard red winter wheat futures. WHE/D

• CBOT July soft red winter wheat WN26 was last down 8 cents at $6.45 per bushel. K.C. July hard red winter wheat KWN26 was last down 9-3/4 cents at $6.95 a bushel, and Minneapolis July spring wheat MWEN26 was last down 5-1/2 cents at $7.10 a bushel.

CORN - Down 1 to 2 cents per bushel

• Corn futures declined on profit-taking after the benchmark July contract CN26 set a one-month high in early moves and as crude oil CLc1 prices retreated. Some brokers reported an uptick in farmer sales of corn on Wednesday.

• The USDA reported net export sales of old-crop U.S. corn in the week ended April 23 at 1,597,800 metric tons, in line with trade expectations for 1,000,000 to 1,900,000 tons.

• The CBOT reported 19 deliveries against CBOT May CK26 corn futures on first notice day. COR/DEL

• CBOT July corn CN26 was last down 2 cents at $4.75-3/4 per bushel.

SOYBEANS - Down 1 to 3 cents per bushel

• Soybeans turned lower in early moves in a profit-taking setback after the most-active July SN26 contract reached a six-week high at $12.06-1/4 a bushel. Retreats in corn and crude oil futures set the weaker tone.

• The USDA reported net export sales of old-crop U.S. soybeans in the week ended April 23 at 258,100 metric tons, toward the low end of trade expectations for 200,000 to 600,000 tons.

• The CBOT reported no deliveries against CBOT May SK26 soybean or soymeal SMK26 futures on first notice day. SOY/DEL The exchange reported 400 deliveries against May soyoil BOK26 futures, all of which were stopped by the CHS house account. SBO/DEL

• CBOT July soybeans SN26 were last down 2 cents at $11.95 per bushel.