SYDNEY, Oct 4 U.S. corn futures edged lower on
Tuesday, though prices lingered near more than a two-month high
touched in the previous session, as harvest delays underpinned
prices, already supported by lower-than-expected U.S.
* The most active corn futures on the Chicago Board Of Trade
fell 0.1 percent to $3.45-3/4 a bushel, having gained 2.75
percent in the previous session when prices hit a high of
$3.47-3/4 a bushel - the highest since July 21.
* The most active soybean futures fell 0.21 percent to
$9.71-1/4 a bushel, having firmed 2 percent on Monday when
prices hit a 10-day high.
* The most active wheat futures was little changed at
$3.95-3/4 a bushel, having closed down 1.4 percent on Monday.
* USDA pegged the corn and soybean harvest at 24 percent and
26 percent complete respectively as of Sunday, slightly below
* The USDA last week pegged U.S. wheat stocks as of Sept. 1
at their highest since 1987, while corn supplies were smaller
* On Monday, the USDA reported increases in export
inspections for corn and soybeans from the previous week, with a
drop for wheat.
* The European Commission on Monday slashed its estimate of
this year's European Union maize harvest for the second month in
* The euro got off to an unusually quiet start in Asia on
Monday, having posted its worst weekly performance in three
months, as investors await more developments and ratings
downgrades from Europe.
* Oil edged lower in volatile trading on Friday, posting a
second consecutive weekly loss as caution about Europe's debt
crisis and year-end positioning continued to spark selling into
* A rally in U.S. stocks fizzled, leaving major indexes with
modest gains on Friday, as Wall Street was torn between hope
that U.S. economic data signals better times ahead and fear
Europe's debt crisis will engulf world economies.
DATA AHEAD (GMT)
0900 Euro zone Producer prices Aug
1345 U.S. ISM-New York index Sep
Cont Last Chan Pct Two- MA RSI
ract ge chg day 30
CBOT 395. 0.25 +0.0 -1.5 403. 44
whea 75 6% 5% 56
CBOT 345. -0.2 -0.0 +2.6 332. 70
corn 75 5 7% 7% 77
CBOT 971. -1.7 -0.1 +1.8 964. 54
soy 25 5 8% 1% 55
CBOT 10.0 $0.0 +0.0 +3.0 $9.7 70
rice 7 0 0% 2% 7
WTI 48.6 -$0. -0.3 +0.8 $45. 67
crud 3 18 7% 1% 84
Euro $1.1 $0.0 -0.0 -0.3
/dlr 20 00 4% 0%
USD/ 0.76 0.00 +0.0 +0.2
AUD 74 0 5% 6%
(Reporting by Colin Packham; Editing by Michael Perry)