CBOT Trends - Wheat down 2-5 cents, corn steady-down 2, soybeans up 1-3 - Successful Farming

CHICAGO, Dec 17 (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 Tuesday.

WHEAT - Down 2 to 5 cents per bushel per bushel

* Wheat retreats on profit-taking after hitting 5-1/2 month highs on Monday. Market remains underpinned by easing trade war tensions between the United States and China and by rise in export taxes in Argentina.

* An increase in grains export taxes by the new Argentine government will weigh on exports as growers invest less to compensate for expected lower profits caused by the new levies, farmers said.

* CBOT reported no deliveries against the December soft red winter wheat and K.C. December hard red winter wheat contracts . The contracts expired Dec. 13.

* CBOT March soft red winter wheat last traded down 2 cents at $5.47-3/4 per bushel. K.C. March hard red winter wheat was last 3-1/4 cents lower at $4.58-3/4 a bushel, and MGEX March spring wheat was last down 3-1/4 cents at $5.33-3/4 a bushel.

CORN - Steady to down 2 cents per bushel

* Corn eases in profit-taking setback from five-week highs. Prices remain underpinned by easing U.S.-China trade war tensions after the two sides agreed to a "phase one" deal last week.

* Benchmark CBOT March corn futures contract rose to its highest in more than five weeks on Monday. The contract hit chart resistance overnight at its 50-day moving average.

* There were no deliveries against CBOT's December corn contract.

* CBOT March corn last traded down 1 cent at $3.87 per bushel.

SOYBEANS - Up 1 to 3 cents per bushel

* Soybean futures edge higher on hopes for increased Chinese buying after interim U.S.-China trade deal signed on Friday.

* Good crop weather across key production areas of South America capping gains.

* Most-active soybean futures contract hit its highest on a continuous basis since Nov. 11 overnight.

* CBOT reported no deliveries against the expiring December soymeal futures contract and 31 against December soyoil futures.

* CBOT January soybeans last traded up 1-1/4 cents at $9.23-1/4 per bushel. (Reporting by Karl Plume; Editing by David Gregorio)

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CBOT Trends - Wheat down 2-5 cents, corn steady-down 2, soybeans up 1-3 - Successful Farming
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