August 14, 2019 / 1:17 PM / 4 months ago

CBOT Trends - Wheat up 2-4 cents, corn up 1-3, soybeans down 4-6

CHICAGO, Aug 14 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday.

WHEAT - Up 2 to 4 cents per bushel

* Wheat edged higher in tandem with firmer corn and solid export demand for U.S. wheat. Gains capped by ample global supplies.

* The Taiwan Flour Millers’ Association bought 94,950 tonnes of U.S. wheat via an international tender on Wednesday, traders said.

* Germany’s association of farm cooperatives said the country’s 2019 wheat harvest will be 17.5% higher than a year ago despite an early summer heat wave which stressed some crops.

* CBOT September soft red winter wheat last traded up 4 cents at $4.76 a bushel. K.C. September hard red winter wheat was last up 1-3/4 cents at $3.85-1/4 a bushel and MGEX September spring wheat was last up 3-1/4 cents at $5.06-1/2.

CORN - Up 1 to 3 cents per bushel

* Corn firms on short-covering and bargain buying following two days of steep declines that took prices to three-month lows.

* Gains capped by expectations for a large U.S. harvest. Although dry conditions remain in parts of the U.S. Midwest, rains this week have eased some concerns that yields would erode.

* CBOT December corn last traded up 2-1/4 cents at $3.78-3/4 a bushel.

SOYBEANS - Down 4 to 6 cents per bushel

* Soybeans retreat after solid gains on Tuesday, weighed down by ample stocks of the oilseed and demand concerns amid the U.S.-China trade war.

* The November contract fell below chart support at its 20-day moving average in overnight trading.

* The White House delayed the implementation of some tariffs on Chinese goods scheduled to take effect next month. U.S. President Donald Trump on Tuesday cited China for not following through with expected large purchases of U.S. agricultural products.

* CBOT November soybeans last traded down 5-3/4 cents at $8.83-1/4 a bushel. (Reporting by Karl Plume; editing by Jonathan Oatis)

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