CBOT Trends - Wheat up 2-4 cents, corn steady-up 2, soybeans down 2-5 - Successful Farming

CHICAGO, Dec 19 (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 - Up 2 to 4 cents per bushel

* Wheat firms on short-covering after falling more than 1% on Wednesday. Stronger-than-expected weekly export sales also supportive.

* The U.S. Department of Agriculture (USDA) said on Thursday morning that export sales of wheat totaled 868,600 tonnes last week, topping analyst forecasts that ranged from 200,000 tonnes to 600,000 tonnes.

* CBOT March soft red winter wheat last traded up 4-1/4 cents at $5.52-1/2 per bushel. K.C. March hard red winter wheat was last 4-1/4 cents higher at $4.66-1/2 a bushel, and MGEX March spring wheat was last up 5 cents at $5.43-1/2 a bushel.

CORN - Steady to up 2 cents per bushel

* Corn futures flat to slightly firmer as traders consolidate positions as year-end holidays approach.

* Market remains underpinned by easing U.S.-China trade war tensions. China and the United States have been in touch over the signing of their phase one trade deal.

* Gains capped by concerns about demand from the ethanol sector amid White House plans to stick with proposed 2020 fuel blending guidelines.

* Corn export sales were 1.709 million tonnes for the 2019/20 season and 536,100 tonnes for 2020/21, the USDA said, within trade expectations.

* Benchmark CBOT March corn futures contract hit chart resistance overnight at its 50-day moving average.

* CBOT March corn last traded up 1/4 cent at $3.87-1/4 per bushel.

SOYBEANS - Down 2 to 5 cents per bushel

* Soybean futures ease for a second day after rising in the prior four sessions and hitting 5-1/2 week highs. Soy prices pressured by good crop weather across key production areas of South America.

* The market remains underpinned by expectations for increased Chinese soybean buying after interim U.S.-China trade deal. Chinese importers booked at least two cargoes of U.S. soybeans this week, traders said on Wednesday.

* The USDA confirmed, via its daily export sales reporting system, that China bought 126,000 tonnes of soybeans for 2019/20 shipment.

* USDA said soybean export sales last week were 1.431 million tonnes for the 2019/20 marketing year, just above trade forecasts for 950,000 to 1.4 million tonnes. Sales for 2020/21 were 36,300 tonnes, within trade expectations.

* CBOT January soybeans last traded down 5 cents at $9.23-1/2 per bushel. (Reporting by Karl Plume)

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CBOT Trends - Wheat up 2-4 cents, corn steady-up 2, soybeans down 2-5 - Successful Farming
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