CHICAGO, Sept 21 (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. CDT (1330 GMT) on Monday.
WHEAT - Down 2 to 3 cents per bushel
* Wheat seen lower on profit-taking, turning lower after the CBOT December contract touched a seven-month high at $5.78-1/4 in early moves. Market underpinned by concerns about dry conditions limiting production in key exporting countries including Argentina.
* Russian wheat export prices rose for the fourth week in a row last week on strong demand from Turkey, Egypt and other major importers, analysts said.
* The supplement to the U.S. Commodity Futures Trading Commission's weekly commitments report showed large speculators widened their net short position in CBOT wheat by 11,686 contracts in the week to Sept. 15, to 13,484 lots.
* For K.C. hard red winter wheat, the CFTC's supplemental report showed large speculators switched to a small net long of 392 contracts.
* CBOT December soft red winter wheat last traded down 2 cents at $5.73 per bushel. K.C. December hard red winter wheat was last down 1-3/4 cents at $5.02-1/2 a bushel. MGEX December spring wheat was last down 1-3/4 cents at $5.49-1/2 a bushel.
CORN - Down 1 to 2 cents per bushel
* Corn seen lower on seasonal U.S. harvest pressure, farmer selling and profit-taking after a three-session climb that lifted the CBOT December contract on Friday to $3.79-1/4 a bushel, its highest since mid-March.
* The supplement to the CFTC's weekly commitments report showed large speculators in the week to Sept. 15 switched to a net long position in CBOT corn futures totaling 29,929 contracts.
* CBOT December corn last traded down 1-1/2 cents at $3.77 per bushel.
SOYBEANS - Down 1 to 4 cents per bushel
* Soybeans declined in early moves on profit-taking after Friday's climb to two-year highs in the most-active contract. Market also weighed by seasonal pressure from the start of the U.S. harvest amid favorable weather. Futures underpinned by continued export demand, including fresh sales to top global buyer China.
* The U.S. Department of Agriculture confirmed private sales of 132,000 tonnes of U.S. soybeans to China, 132,000 tonnes to Pakistan and 171,000 tonnes to unknown destinations, all for delivery in the 2020/21 marketing year.
* China is directing authorities in East China's Zhejiang province to start planning to build stockpiling bases for energy and agricultural products, part of a push to develop regional free-trade zones, a government document said.
* The supplement to the CFTC's weekly commitments report showed large speculators expanded their net long position in CBOT soybeans by about 21,000 contracts in the week to Sept. 15, to 153,226 lots.
* CBOT November soybeans last traded down 4-1/4 cents at $10.39-1/4 per bushel. (Reporting by Julie Ingwersen)
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CBOT Trends - Wheat down 2-3 cents, corn down 1-2, soy down 1-4 - Successful Farming
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