CBOT Trends-Wheat up 6-8 cents, corn up 1-2 cents, soy steady-down 1 cent

CHICAGO, Jan 16 (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 Friday:

WHEAT - Up 6 to 8 cents per bushel

• CBOT wheat Wv1 rose on short-covering in a turnaround from losses earlier this week, traders said.

• Grain futures tumbled on Monday and Tuesday after the U.S. Department of Agriculture released larger-than-expected U.S. and global stocks estimates of wheat, corn and soybeans on Monday.

• South Korean flour mills were believed to have bought about 92,300 metric tons of U.S. milling in a tender on Thursday, above previous estimates of 50,000 tons, European traders said.

• CBOT March soft red winter wheat WH26 was last up 7 cents at $5.17-1/2 per bushel. K.C. March hard red winter wheat KWH26 was 7-1/2 cents higher at $5.24-3/4 per bushel, and Minneapolis March spring wheat MWEH26 was last up 2 cents at $5.64-1/2 per bushel.

CORN - Up 1 to 2 cents

• CBOT corn Cv1 edged up in a rebound from recent setbacks, but was set for a steep weekly loss.

• Traders reported an uptick in Asian demand due to lower prices.

• Exporters sold 298,000 metric tons of U.S. corn to unknown buyers and 120,000 metric tons to Japan, all for 2025/26 delivery, the USDA said.

• South Korea's Major Feedmill Group and the Incheon section of the Korea Feed Association each purchased around 65,000 metric tons of feed corn in private deals, European traders said.

• CBOT March corn CH26 was last up 1-3/4 cents at $4.22 per bushel.

SOYBEANS - Steady to 1 cent lower

• CBOT soybeans Sv1 stabilized after rising for the previous two sessions in a recovery from an October 23 low on Tuesday.

• Traders said China was likely near a target of buying 12 million metric tons of U.S. soybeans as part of a trade truce the countries reached in late October.

• Canadian canola futures climbed after Ottawa announced a trade deal with Beijing.

• CBOT March soybeans SH26 were last down 1 cent at $10.52 per bushel.

• Soyoil futures eased after rallying on Thursday when sources said U.S. President Donald Trump's administration planned to finalize 2026 biofuel blending quotas by early March.