CHICAGO, April 16 (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 Thursday:

WHEAT - Up 5 to 7 cents per bushel

• Wheat rose on Thursday to their highest in around two weeks as weather charts suggested some Plains crops already stressed by drought may face frosts this weekend, analysts and traders said.

• The drought-afflicted area in the U.S. accounts for 29% of the country's total wheat production and 72% of its hard red winter wheat, according to broker StoneX.

• The U.S. Department of Agriculture reported net U.S. wheat export sales totaled 231,300 metric tons for the week ended April 9, on the high end of analyst estimates.

• CBOT May soft red winter wheat WK26 was last up 7 cents at $6.00-3/4 per bushel. K.C. May hard red winter wheat KWK26 was last up 14-1/4 cents at $6.39-3/4 per bushel, and Minneapolis May spring wheat MWEK26 was up 1-1/2 cents at $6.50 per bushel.

CORN - Steady to down 1 cent per bushel

• Corn futures ticked down after rallying a day earlier when forecast of rain raised early concerns about planting delays in the Midwest.

• Grain markets were also monitoring developments in the Middle East. Crude oil, which has often influenced movements in grains during the conflict, edged higher as investors set peace hopes against ongoing disruption to energy supplies.

• The USDA reported total net U.S. corn export sales totaled 1,457,000 tons for the week ended April 9, in line with trade estimates.

• CBOT May corn CK26 was last down 3/4 cent at $4.50-1/2 per bushel.

SOYBEANS - Steady to down 1 cent per bushel

• Soybeans edged lower on a correction following Wednesday's rally.

• The USDA said total net U.S. soybean export sales totaled 247,900 metric tons, on the low end of trade expectations.

• CBOT May soybeans SK26 were last down 1-3/4 cents at $11.65-1/4 per bushel.