CHICAGO: Following are US 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 Friday.
WHEAT - Up 2 cents to 4 cents per bushel
* Short-covering, gains in corn market expected to support wheat but plentiful supplies, poor demand for US exports keep gains in check.
* Most-active CBOT September soft red winter wheat contract down 3.5 percent so far this week.
* CBOT September soft red winter wheat last traded up 3 cents at $4.78-3/4 a bushel. K.C. September hard red winter wheat was last up 3 cents at $4.18-3/4 a bushel and MGEX September spring wheat last traded 2-3/4 cents higher at $5.21-1/4.
CORN - Up 2 cents to up 4 cents per bushel
* End-of-week bargain buying expected. Short-covering also seen supporting corn as investors unwind bearish positions in case of weather scare during weekend. Some concerns about dry soils in key growing regions of US Midwest support corn futures but latest forecasts limit bullish view on market.
* Most-active CBOT corn futures contract has fallen 4.4 percent so far this week.
* CBOT December corn last traded up 3-1/2 cents at $4.06 a bushel.
SOYBEANS - Up 4 cents to 7 cents per bushel
* Soybeans rebounding on bargain buying after sinking to seven-week low on Thursday. Gains kept in check by fresh trade war concerns after US President Donald Trump said he would impose an additional 10% tariff on $300 billion worth of Chinese imports starting Sept. 1.
* CBOT November soybeans faced resistance at the low end of its 20-day Bollinger range during overnight trading.
* Most-active soybean futures contract down 3.3 percent this week, on track for third straight weekly loss and fourth in last five weeks.
* CBOT November soybeans last traded up 5-3/4 cents at $8.71 a bushel.
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