SYDNEY, Sept 22 U.S. soybeans edged higher on
Thursday, rebounding from the first loss in five session a day
earlier, though gains were capped as a break in recent wet
weather is expected to allow further harvesting of a bumper
* The most active soybean futures on the Chicago Board Of
Trade rose 0.33 percent to $9.78-3/4 a bushel, having
closed down 1.4 percent on Wednesday.
* The most active corn futures climbed 0.22 percent to
$3.40-3/4 a bushel, having closed down 0.15 percent in the
* The most active wheat futures rose 0.2 percent
to$4.08-1/2 a bushel, having closed up 0.4 percent on Wednesday.
* Weather models call for mixed weather for farmers
harvesting corn and soybeans.
* Wheat draws support after Egypt's decision to reverse its
zero-tolerance policy on the common grain fungus ergot, which
raised hopes of a resumption of deals by the world's top buyer
of the grain.
* Signs of rising demand from India also helped wheat close
* Indian importers have purchased around 76,000 tonnes of
Ukrainian-origin wheat in the past couple of weeks after two
years of poor domestic output.
* The dollar hit a near 4-week low against the yen on
Thursday after the U.S. Federal Reserve kept monetary policy
steady and projected a less aggressive path for interest rate
hikes in coming years.
* Oil prices extended gains from the previous session in
Asian trading on Thursday after a surprise third consecutive
weekly U.S. crude inventory draw tightened the market.
* Wall Street racked up gains on Wednesday after the U.S.
Federal Reserve kept interest rates unchanged, for now leaving
intact the low-rate environment that has helped underpin the
Data ahead GMT (Thursday)
1230 US Initial jobless claims
1230 US National Activity Index
0200 EZ Consumer confidence flash sept
0200 US existing home sales
Cont Last Chan Pct Two- MA RSI
ract ge chg day 30
CBOT 408. 0.75 +0.1 +1.1 416. 73
whea 50 8% 1% 10
CBOT 340. 0.75 +0.2 +1.0 333. 73
corn 75 2% 4% 43
CBOT 978. 3.25 +0.3 +0.6 977. 51
soy 75 3% 4% 73
CBOT 9.70 $0.0 +0.2 -0.6 $9.8 55
rice 2 1% 7% 2
WTI 45.7 $0.4 +0.9 +5.4 $45. 61
crud 9 5 9% 1% 66
Euro $1.1 $0.0 +0.1 +0.3
/dlr 19 02 5% 3%
USD/ 0.76 0.01 +1.3 +1.9
AUD 32 0 1% 2%
(Reporting by Colin Packham; Editing by Ed Davies)