Wheat up 2-3 cents, corn steady-up 1, soybeans down 1-2

The 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. CDT (1330 GMT) on Thursday.

NOTE: The U.S. Department of Agriculture's weekly export sales report has been postponed indefinitely as the U.S. government, including the USDA, shut most of its operations due to a lapse in funding. The data is normally published each Thursday at 7:30 a.m. CDT (1230 GMT).

WHEAT - Up 2 to 3 cents per bushel

• CBOT wheat ZW1! extended its bounce from earlier lows with help from a weaker dollar and signs of fresh demand from wheat importers.

• The dollar fell to near a one-week low on Thursday as traders weighed the impact of a U.S. government shutdown, while poor jobs data boosted expectations that the U.S. Federal Reserve will cut interest rates two more times this year.

• A weaker dollar tends to make U.S. exports cheaper and more competitive on the global market.

• CBOT December soft red winter wheat (WZ25) was last up 2-3/4 cents at $5.12 per bushel. K.C. December hard red winter wheat (KWZ25) was 2 cents higher at $4.97-1/2 per bushel, while Minneapolis December wheat (MWEZ25) rose 2-1/4 cents to $5.59-1/4 per bushel.

CORN - Steady to up 1 cent

• Corn traded near flat with support from a weaker dollar and pressure from a rapidly progressing harvest.

• Warm and dry weather over the U.S. Corn Belt promoted harvest progress over the weekend, and forecasts called for more of the same this week.

• Commodity brokerage StoneX on Wednesday lowered its estimate of the average U.S. 2025 corn yield to 185.9 bushels per acre (bpa), down from 186.9 in its previous monthly report released on September 4.

• CBOT December corn (CZ25) last traded flat at $4.16-1/2 per bushel.

SOYBEANS - Down 1 to 2 cents

• CBOT soy ZS1! Chicago soybean futures consolidated on Thursday following a day-earlier rebound as the market assessed chances for a resumption in Chinese demand following comments by U.S. President Donald Trump.

• Trump said in a social media post on Wednesday that soybeans would be a major topic of discussion when he meets Chinese counterpart Xi Jinping in four weeks.

• The post spurred some buying but ample supply and China's continued absence from the U.S. market will likely erase the gains, according to analysts.

• CBOT November soybeans (SX25) were last down 1-1/4 cents at $10.11-3/4 per bushel.