CHICAGO, Dec 23 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on Monday.
NOTE: Trade in CBOT grain futures will close early on Tuesday, at 12:05 p.m. CST (1805 GMT), and remain closed on Wednesday in observance of Christmas.
WHEAT - Up 2 to 3 cents per bushel
* Wheat higher on technical buying and short-covering ahead of the year-end holidays.
* The supplement to the U.S. Commodity Futures Trading Commission's weekly commitments report showed large speculators cut their net short position in CBOT wheat by nearly 13,000 contracts in the week to Dec. 17, to 1,809 lots - the smallest since September 2018.
* For K.C. hard red winter wheat, the CFTC's supplemental report showed large speculators cut their net short by about 15,500 contracts, to 7,922 lots.
* CBOT March soft red winter wheat last traded up 3-1/4 cents at $5.45-1/2 per bushel. K.C. March hard red winter wheat was last 2-3/4 cents higher at $4.65 a bushel, and MGEX March spring wheat was last up 2-1/4 cents at $5.39 a bushel.
CORN - Steady to up 1 cent per bushel
* Corn futures steady to firm on technical moves and spillover support from wheat and soybeans, as traders consolidate positions ahead of the year-end holidays.
* The supplement to the CFTC's weekly commitments report showed large speculators cut their net short position in CBOT corn futures by about 21,000 contracts in the week to Dec. 17, to 119,918 lots.
* CBOT March corn last traded up 1/2 cent at $3.88-1/4 per bushel.
SOYBEANS - Up 2 to 3 cents per bushel
* Soybean futures firm on technical buying and hopes for stepped-up demand from top global soy buyer China following the announcement this month of an interim U.S.-China trade deal.
* The U.S. Department of Agriculture said private exporters sold 126,000 tonnes of U.S. soybeans to China for delivery in the 2019/20 marketing year that began Sept. 1.
* The USDA also changed the destination of 220,500 tonnes of U.S. soybean sales, from "unknown" to the Netherlands (154,500 tonnes) and Saudi Arabia (66,000 tonnes).
* China will lower tariffs on products ranging from frozen pork and avocado to some types of semiconductors next year as Beijing looks to boost imports amid a slowing economy and a trade war with the United States.
* President Donald Trump on Saturday said the United States and China would "very shortly" sign their so-called Phase One trade pact.
* The supplement to the CFTC's weekly commitments report showed large speculators slashed their net short position in CBOT soybeans by about 32,500 contracts in the week to Dec. 17, to 76,401 lots.
* CBOT January soybeans last traded up 2-3/4 cents at $9.31 per bushel. (Reporting by Julie Ingwersen)
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CBOT Trends - Wheat and soybeans up 2-3 cents, corn steady-up 1 - Successful Farming
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