CBOT Trends-Wheat up 3-5 cents, corn steady-down 1 cent, soy down 1-2 cents
CHICAGO, April 23 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Tuesday.
WHEAT - Up 3 to 5 cents per bushel
* The most-active contract rose to a two-month high and broke through the 100-day moving average in the overnight session, gaining support from a bigger-than-expected drop in U.S. winter wheat conditions.
* Worries over continued dry weather in Russia and the U.S. Great Plains and frosty weather in wheat-growing areas in Europe also lent support to futures prices.
* CBOT May soft red winter wheat last traded up 2-3/4 cents at $5.73 per bushel. K.C. May hard red winter wheat last traded up 3-1/4 cents at $6.00-3/4 per bushel while MGEX May spring wheat was last up 5-1/4 cents at $6.61 per bushel.
CORN - Steady to down 1 cent
* Benchmark corn futures broke through 20-day and 50-day moving averages on support from higher wheat prices but later pared gains on pressure from plentiful and cheap South American supplies.
* The U.S. Department of Agriculture's crop progress report on Monday showed corn is 12% planted, compared to 6% planted last week and in line with analyst estimates.
* Analysts forecasted few weather risks to spring planting in the U.S. corn belt.
* CBOT May corn last traded down 3/4 cent at $4.39 per bushel.
SOYBEANS - Down 1 to 2 cents
* Soybean prices ticked down as export competition from South America and a strong dollar weighed on the market.
* Soy gained support from strong wheat futures and short covering ahead of the expiration dates for May futures contracts.
* The USDA said the U.S. soy crop is 8% planted.
* CBOT May soybeans last traded down 1-3/4 cents at $11.59-1/4. (Reporting by Heather Schlitz; Editing by Paul Simao)