CHICAGO, Feb 22 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) 8:30 a.m. CST (1430 GMT) on Monday.
NOTE: First notice day for deliveries against CBOT March futures contracts is Friday.
WHEAT - Up 2 to up 3 cents per bushel
* Wheat futures firm in a light bounce after Friday's 1.8% drop in the March contract. Softer U.S. dollar lends support, making U.S. grains more competitive globally.
* The U.S. Agriculture Department on Friday projected that U.S. 2021/22 wheat ending stocks would drop to 698 million bushels, an eight-year low.
* The supplement to the U.S. Commodity Futures Trading Commission's weekly commitments report showed large speculators cut their net short position in CBOT wheat by 2,445 contracts in the week to Feb. 16, to 5,168 lots.
* For K.C. hard red winter wheat, the CFTC's supplemental report showed large speculators reduced their net long position by 2,719 lots, to 32,203 contracts.
* CBOT March soft red winter wheat last traded up 3-1/4 cents at $6.54 per bushel. K.C. March hard red winter wheat was last up 5-3/4 cents at $6.37-1/2 a bushel. MGEX March spring wheat was last up 4-3/4 at $6.33-1/2 a bushel.
CORN - Up 2 to 3 cents per bushel
* Corn seen higher in rangebound trade, supported by strong export demand and a weaker U.S. dollar, which tends to make U.S. grains more attractive to those holding other currencies.
* China will put greater pressure on its regions to boost grain yields and step up support for its domestic seed industry as it strengthens its focus on food security, a major policy document issued late Sunday showed.
* The USDA on Friday reported more cattle were put on feed in January than expected, with placements at 103% of a year ago, versus trade estimates for 99.8%.
* The supplement to the CFTC's weekly commitments report showed large speculators trimmed their big net long position in CBOT corn futures by 558 contracts in the week to Feb. 16, to 385,994 lots.
* CBOT March corn was last up 2-1/4 cents at $5.45 per bushel, with new-crop December last up 3 cents t $4.63.
SOYBEANS - Up 1 to 3 cents per bushel
* Nearby soybeans firm but continuing in a sideways trading pattern, supported by technical buying and tightening U.S. old-crop supplies, while deferred contracts rise on uncertainty about new-crop supplies. The USDA last week projected that 2021/22 U.S. soybean ending stocks will rise to just 145 million bushels despite forecast for record harvest.
* CBOT new-crop November soybeans set a contract high in early moves at $12.07-1/4.
* The supplement to the CFTC's weekly commitments report showed large speculators reduced their net long position in CBOT soybeans by 16,516 contracts in the week to Feb. 16, to 141,925 lots.
* CBOT March soybeans were last up 1/4 cent at $13.77-1/2 per bushel, with new-crop November last up 4-1/4 cents at $12.00-1/2. (Reporting by Julie Ingwersen)
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CBOT Trends - Wheat and corn up 2-3 cents, soybeans up 1-3 cents - Successful Farming
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