CHICAGO, Dec 5 (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 Thursday.
WHEAT - Steady to up 2 cents per bushel
* Wheat market remains supported by concerns about production in some key growing areas around the world.
* The U.S. Agriculture Department said export sales of wheat totaled 228,100 tonnes in the week ended Nov. 28, below analysts' forecasts that ranged from 300,000 tonnes to 700,000 tonnes.
* The CBOT reported no deliveries against the December soft red winter wheat contract. There was 1 new delivery against the K.C. December hard red winter wheat contract. MGEX said there were 76 deliveries against its December spring wheat contract. The contracts expire Dec. 13.
* CBOT March soft red winter wheat last traded up 2 cents at $5.27-1/4 per bushel. K.C. March hard red winter wheat was last up 3-1/2 cents at $4.40-1/4, and MGEX March spring wheat was last up 1-1/2 cents at $5.15.
CORN - Steady to down 2 cents per bushel
* Choppy trade expected. Good domestic demand, slow harvest underpins the market but weak exports add pressure.
* Weekly corn export sales were 548,500 tonnes, near the low end of market forecasts that ranged from 500,000 tonnes to 900,000 tonnes.
* Benchmark CBOT March corn futures failed to hold support above its 10-day moving average during the overnight trading session.
* There were 129 deliveries against CBOT's December corn contract, bringing the total for the period to 258.
* CBOT March corn last traded up 1 cent at $3.82-1/4 per bushel.
SOYBEANS - Up 2 cents to 4 cents per bushel
* Soybean futures firming on bargain buying as traders say the market remains technically oversold after falling to its lowest in nearly three months on Monday. Gains limited by uncertainty about potential trade deal between the United States and China.
* Export sales of soybeans totaled 683,800 tonnes for the week, the lowest since the week ended Oct. 17. Analysts' forecasts had ranged from 700,000 tonnes to 1.3 million tonnes.
* Benchmark CBOT January soybeans hit resistance at their 10-day moving average overnight.
* Tariffs must be cut if China and the United States are to reach an interim agreement on trade, the Chinese commerce ministry said on Thursday, sticking to its stance that some U.S. tariffs must be rolled back for a phase one deal.
* CBOT reported 148 deliveries against the expiring December soymeal futures contract and 860 against December soyoil futures.
* CBOT January soybeans last traded up 5-1/2 cents at $8.76-1/2 per bushel. (Reporting by Mark Weinraub; Editing by Steve Orlofsky and David Gregorio)
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CBOT Trends - Wheat steady-up 2 cents, corn steady-down 2 cents, soybeans up 2-4 cents - Successful Farming
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