CHICAGO, Dec 9 (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.
WHEAT - Steady to down 1 cent per bushel
* Poor export demand for U.S. supplies pressures wheat market. Losses kept in check by technical buying.
* Benchmark CBOT March soft red winter wheat contract briefly fell below 20-day and 40-day moving averages before finding support at 30-day moving averages and rebounding back above those key technical points during the overnight trading session.
* The CBOT reported no deliveries against the December soft red winter wheat contract. There were four deliveries against the K.C. December hard red winter wheat contract. MGEX said there were four deliveries against its December spring wheat contract. The contracts expire Dec. 13.
* CBOT March soft red winter wheat last traded down 3/4 cent at $5.23-3/4 per bushel. K.C. March hard red winter wheat was last unchanged at $4.31 a bushel, and MGEX March spring wheat was last up 4 cents at $5.16 a bushel.
CORN - Mixed, up 1 cent to down 1 cent per bushel
* Corn futures mixed ahead of the U.S. Agriculture Department's monthly supply-and-demand estimates report on Tuesday. Poor demand pressures prices despite concerns about crop quality from late harvested supplies in the northern Midwest.
* Benchmark CBOT March corn futures hit resistance at its 10-day moving average during the overnight trading session. The contract also failed to hold support above that key technical point during the three previous trading days.
* There were 65 deliveries against CBOT's December corn contract.
* CBOT March corn last traded up 1/4 cent at $3.77 per bushel.
SOYBEANS - Up 7 cents to 10 cents per bushel
* Soybean futures heading higher for fifth day in a row on optimism about a potential U.S. trade deal with China. The most-active soybean contract hit a two-week high overnight, hitting its session high shortly before the break in trading.
* Trade negotiation hopes spark short-covering. U.S. Commodity Futures Trading Commission report on Friday showed that large speculators held their biggest net short in soybean futures since mid-June.
* Benchmark CBOT January soybean futures contract topped its 20-day moving average overnight, the first time it has traded above that level since Nov. 4.
* China said on Monday that it hoped to make a trade deal with the United States as soon as possible, amid intense discussions before fresh U.S. tariffs on Chinese imports are due to kick in at the end of the week.
* CBOT reported 100 deliveries against the expiring December soymeal futures contract and 689 against December soyoil futures.
* CBOT January soybeans last traded up 7-3/4 cents at $8.97-1/4 per bushel. (Reporting by Mark Weinraub; Editing by Pravin Char)
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CBOT Trends - Wheat steady to down 1 cent, corn mixed, soy up 7-10 cents - Successful Farming
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