Chicago wheat up, Corn and soy stable

HAMBURG, Dec 9 (Reuters): Chicago wheat rose while corn and soybeans were stable on Monday, as dealers positioned ahead of world supply and demand estimates from the US Department of Agriculture (USDA) expected to show smaller US stockpiles.

Wheat was supported by expectations Russian shipments could slow down.

Chicago Board of Trade most-active wheat rose 0.9 per cent to $5.62-3/4 a bushel at 1225 GMT. Corn was unchanged at $4.40 a bushel, remaining around 5-month highs hit on Friday. Soybeans rose 0.08 per cent to $9.94-1/2 a bushel.

Analysts expect the monthly USDA supply and demand report on Tuesday to involve cuts in estimate for US season ending stocks.

"Markets in general are positioning ahead of the USDA supply/demand estimates on Tuesday," said Matt Ammermann, StoneX commodity risk manager. "Wheat is supported by expectations of a slowdown in Russian exports following renewed Russian government moves to slow export flows last week coupled with concern about the poor state of Russian crops so far this winter."