CHICAGO, March 6 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Thursday.
WHEAT - Steady to down 1 cent per bushel
* Wheat futures Wv1 were nearly unchanged amid concerns that tariffs against major trading partners could lead to a broader trade war. However, signs that Washington may ease tariffs on Canada and Mexico helped futures bounce from recent lows.
* China is expecting to produce another abundant wheat harvest this year due to favorable weather, a COFCO International executive said Thursday, with rising domestic supplies likely to reduce the need for imports.
* On Thursday, the U.S. Department of Agriculture reported net old-crop U.S. wheat export sales at 338,700 metric tons, landing in the middle of trade estimates that ranged from 225,000 tons to 450,000 tons.
* CBOT May soft red winter wheat WK25 was last up 1/4 cent to $5.48-1/2 per bushel. K.C. May hard red winter wheat KWK25 was last up 1-1/2 cents to $5.58-1/2 a bushel, and Minneapolis May spring wheat MWEK25 was up 1-3/4 cents to $5.89-3/4 a bushel.
CORN - Steady to down 1 cent per bushel
* Corn futures Cv1 edged up slightly as industry players weighed the threat of tariffs against U.S. agricultural exports.
* China's new tariffs on U.S. farm goods are poised to reshape global trade flows, prompting the world's top agricultural importer to source more meat, dairy and grains from countries in South America, Europe and the Pacific, analysts said.
* The USDA reported corn export sales at 909,100 metric tons, on the low end of trade estimates ranging from 700,000 to 1,000,000 tons.
* CBOT May corn CK25 was last up 1/4 cent to $4.56 per bushel.
SOYBEANS - Up 3 to 5 cents per bushel
* Soybean futures Sv1 recovered from multi-month lows as signs of tariff relief tempered fears about disruption to agricultural trade.
* U.S. exports to China may not be immediately affected, given a seasonal shift towards buying Brazil's expected record soybean crop.
* The USDA reported soybean export sales at 352,900 tons, on the low end of analyst estimates ranging from 300,000 to 550,000 tons.
* U.S. exporters sold 20,000 tons of soybean oil to unknown destinations for 2024/25 delivery, the USDA reported on Thursday.
* CBOT May soybeans SK25 were last up 5-3/4 cents to $10.17-1/2 per bushel.
(Reporting by Heather Schlitz; Editing by Tasim Zahid)
((Heather.Schlitz@thomsonreuters.com;))
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