CBOT Calls-Corn and wheat steady-up 2 cents, soybeans seen mixed

CHICAGO, Jan 2 (Reuters) - Following are U.S. expectations for the opening of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Thursday.

NOTE: The U.S. Department of Agriculture's weekly export sales report is delayed until Friday due to Wednesday's New Year's Day holiday.

WHEAT - Steady to up 2 cents per bushel

* Wheat futures seen steady to higher following expectations for a steady-to-higher open in corn futures. Rallies seen limited by strong competition for global export business and a strong dollar, which tends to make U.S. grains less attractive to those holding other currencies.

* European wheat futures rose on Thursday to a new six-month high as further weakness in the euro and the prospect of reduced Russian supply kept the market supported, traders said.

* The dollar .DXY hit new multi-month highs against the euro and the pound on the first trading day of 2025, building on last year's strong gains tied to expectations that U.S. interest rates will remain high relative to peers. USD/

* CBOT March soft red winter wheat WH25 closed on Tuesday at $5.51-1/2 a bushel. K.C. March hard red winter wheat KWH25 ended Tuesday at $5.59-1/4 a bushel and Minneapolis March spring wheat MWEH25 settled at $5.95-3/4 a bushel.

CORN - Steady to up 2 cents per bushel

* Corn futures seen firmer after Tuesday's strong close, with the most-active contract Cv1 hovering near a six-month high. Additional supported noted from worries about a drying trend expected this month in crop areas of Argentina.

* Brokers watching for signs of U.S. farmer corn sales given the recent uptrend in CBOT corn futures and the start of the new year.

* CBOT March corn CH25 closed on Tuesday at $4.58-1/2 a bushel.

SOYBEANS - Mixed

* Soybean futures seen opening mixed as the market awaits fresh direction. Weather forecasts indicate a drying trend this month in crop areas of Argentina but soybean production prospects for South America overall remain strong, particularly in top supplier Brazil.

* Weekly commitments data released on Monday by the U.S. Commodity Futures Trading Commission showed that managed commodity funds expanded their sizable net short position in CBOT soymeal futures in the latest week, leaving the market prone to short-covering rallies.

* The CBOT reported 380 deliveries against January soybean SF25 futures. The exchange reported 648 deliveries against January soymeal SMF25 futures, with the Bunge house account stopping 188 lots. Deliveries against January soyoil BOF25 futures totaled 192 contracts. SOY/DEL MEAL/DEL SBO/DEL

* CBOT March soybeans SH25 closed on Tuesday at $10.10-1/2 per bushel.

(Reporting by Julie Ingwersen)

((Julie.ingwersen@thomsonreuters.com; 1-313-484-5283; Reuters Messaging: julie.ingwersen.thomsonreuters.com@reuters.net))