CHICAGO, June 1 (Reuters) - 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 Monday.

WHEAT - Up 1 to 2 cents per bushel

• CBOT wheat futures chopped up and down, with a devastating drought in the U.S. wheat belt lending support, though favorable harvest prospects elsewhere in the Northern Hemisphere have weighed on prices.

• Agriculture consultancy Sovecon said on Monday it had cut its 2025/26 Russian wheat export forecast by 0.6 million metric tons (mmt) to 46.8 mmt.

• CBOT July soft red winter wheat WN26 was last up 1-3/4 cents at $6.12-1/4 a bushel. K.C. July hard red winter wheat KWN26 was last up 4 cents at $6.53-3/4 a bushel, while Minneapolis July spring wheat MWEN26 was 1/2 cent lower at $6.63-1/4 a bushel.

CORN - Down 1 cent per bushel

• Corn futures set a six-week low as improved U.S. crop weather weighed.

• Grains had retreated last week as signs of progress towards an extended U.S.-Iranian ceasefire, together with improved weather for U.S. crops, encouraged end-of-month profit-taking.

• Traders are awaiting the U.S. Department of Agriculture's weekly crop progress report after Monday's close for an update on field conditions.

• Farmers in Brazil's center-south region had harvested 2.4% of their 2026 second corn crop as of last Thursday, agribusiness consultancy AgRural said on Monday, up from 0.9% in the previous week and above the 1.3% reported a year earlier.

• CBOT July corn CN26 was last down 1 cent at $4.45-3/4 per bushel.

SOYBEANS - Up 4 to 5 cents per bushel

• Soybean futures gained ground on Monday as renewed fighting in the Middle East sent oil prices higher.

• Oil prices rose more than 3% on Monday after Iran and the U.S. traded strikes and Israel ordered troops to move further into Lebanon in its battle with Tehran-backed Hezbollah. O/R

• The oilseed has tracked fluctuations in crude oil during the conflict, partly reflecting the use of crops in biofuels.

• U.S. soybean crush margins have soared, lending support to the soybean complex.

• U.S. exporters sold 192,000 metric tons of soybeans to unknown destinations, the USDA reported on Monday.

• CBOT July soybeans SN26 were last 5-1/4 cents higher at $11.92 per bushel.