CHICAGO, Dec 20 (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 Friday.
WHEAT - Up 1 to 3 cents per bushel
* Wheat firms on short-covering ahead of the weekend as traders consolidate positions ahead of the year-end holidays. Recent rise in U.S. export sales also supportive.
* The most active wheat contract is on pace for a weekly gain of more than 2%, its second straight weekly advance.
* CBOT March soft red winter wheat last traded up 2-3/4 cents at $5.48 per bushel. K.C. March hard red winter wheat was last 3-1/4 cents higher at $4.63-3/4 a bushel, and MGEX March spring wheat was last down 1/4 cent at $5.41 a bushel.
CORN - Steady to up 2 cents per bushel
* Corn futures rise ahead of the weekend on short-covering and as traders consolidate positions ahead of the year-end holidays.
* Market remains underpinned by easing U.S.-China trade war tensions. China's top agriculture consultancy said on Friday that China will make good on a pledge to buy more than $40 billion of U.S. agricultural products annually under the recently agreed interim U.S.-China trade deal.
* Gains capped by concerns about demand from the ethanol sector. The Trump administration finalized biofuel blending requirements for 2020 on Thursday, leaving a key part of the rule unchanged from an earlier proposal that the corn lobby had criticized as inadequate to help struggling farmers.
* The most active corn contract is poised for its second consecutive weekly gain.
* CBOT March corn last traded up 3/4 cent at $3.87-1/4 per bushel.
SOYBEANS - Steady to up 2 cents per bushel
* Soybean futures firm as investors consolidate positions ahead of the weekend. Gains capped by lack of large confirmed sales to China following an interim trade deal and by good crop conditions in much of South America's growing region.
* The most active contract is poised for its third consecutive weekly gain.
* China's top agriculture consultancy said on Friday that China will make good on a pledge to purchase more than $40 billion per year of U.S. agricultural products under the recently agreed Phase 1 trade deal between the two countries.
* CBOT January soybeans last traded up 1 cent at $9.25-1/2 per bushel. (Reporting by Karl Plume Editing by Chizu Nomiyama)
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CBOT Trends - Wheat up 1-3 cents, corn and soybeans steady-up 2 - Successful Farming
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