SYDNEY, March 24 U.S. soybeans dropped 0.5
percent to hit their lowest in four months on Friday, with ample
global supply pushing the oilseed towards its third straight
* The most active soybean futures on the Chicago Board of
Trade were down nearly 1.5 percent for the week.
* Soybeans hit a low of $9.86 a bushel on Friday, the
weakest since Nov. 18.
* The most active corn futures were down nearly 3
percent for the week, after gains of nearly 1 percent the week
* The most active wheat futures were down 3.5 percent
for the week, set for their biggest weekly fall since Dec. 23.
* The U.S. Department of Agriculture reported weekly export
sales of old-crop corn at 1,347,100 tonnes, above a range of
trade expectations and the largest in eight weeks. Soybean sales
also topped trade forecasts at 738,200 tonnes for 2016/17
* The USDA is scheduled to release its annual prospective
plantings report late next week. It is expected to show
record-high soybean acreage.
* The dollar was on the back foot early Friday when voting
on the Trump administration's landmark healthcare bill was
postponed, casting doubt on President Donald Trump's ability to
close political deals. Wall Street declined.
* Oil prices edged up on Friday, supported by a fall in
Saudi exports to the United States, but overall markets remained
under pressure on the back of a world market awash with fuel.
DATA/EVENT AHEAD (GMT)
0745 France GDP Final Q4
0800 France Markit manufacturing flash PMI Mar
0830 Germany Markit manufacturing flash PMI Mar
0900 Euro zone Markit manufacturing flash PMI Mar
1230 U.S. Durable goods Feb
1445 U.S. Markit manufacturing flash PMI Mar
Federal Reserve Chair Janet Yellen speaks at lunch event at
the Brookings Institution to discuss Fed's recent rate
action and monetary policy
Grains prices at 0211 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 421.00 0.00 +0.00% -0.30% 445.98 37
CBOT corn 356.50 -0.25 -0.07% -0.63% 371.13 34
CBOT soy 986.25 -4.75 -0.48% -1.35% 1024.95 26
CBOT rice 9.83 -$0.02 -0.20% +0.51% $9.71 65
WTI crude 47.75 $0.05 +0.10% -0.60% $51.32 32
Euro/dlr $1.076 -$0.002 -0.18% -0.31%
USD/AUD 0.7620 -0.001 -0.08% -0.73%
Most active contracts
Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
RSI 14, exponential
(Reporting by Colin Packham; Editing by Joseph Radford)