SYDNEY, April 7 U.S. soybeans edged lower on
Friday despite fears of delayed harvesting in Argentina, putting
the oilseed on track to finish in negative territory for a fifth
straight week, its longest losing streak in 30 months.
* The most active soybean futures on the Chicago Board Of
Trade is down more than 0.5 percent for the week, the
fifth straight weekly loss.
* It is the longest weekly losing streak since September
* The most active corn contract is down nearly 1
percent for the week, losing nearly half the gains from the
* The most active wheat contract is down nearly 1
percent for the week after gaining 0.4 percent in the previous
* The U.S. Department of Agriculture reported export sales
of old-crop wheat in the week to March 30 at 568,400 tonnes,
above a range of trade expectations.
* Global cereal production in 2017 is forecast to be close
to a record level reached in 2016, the United Nations' Food and
Agriculture Organization said.
* Soybeans supported by rains in Argentina, fuelling fears
of potential harvest delays.
* The dollar rose on Thursday, with gains limited ahead of a
two-day summit between U.S. President Donald Trump and his
Chinese counterpart Xi Jinping that could have geopolitical
ramifications, and Friday's U.S. jobs report.
* Oil prices rose by 1 percent on Thursday, posting a fourth
straight day of gains, but analysts remained cautious about
record-high U.S. crude inventories.
* Wall Street's major indexes closed slightly higher on
Thursday but finished well off session highs as investors were
nervous about upcoming talks between China's President Xi
Jinping and U.S. President Donald Trump.
DATA AHEAD (GMT)
0600 Germany Industrial output Feb
0600 Germany Trade data Feb
0645 France Industrial output Feb
0645 France Trade data Feb
0800 China Forex reserves Mar
0830 Britain Industrial output Feb
1230 U.S. Nonfarm payrolls Mar
1230 U.S. Unemployment rate Mar
1400 U.S. Wholesale sales Feb
Grains prices at 0057 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 423.25 0.00 +0.00% -1.51% 434.52 45
CBOT corn 361.25 0.50 +0.14% -0.96% 365.59 48
CBOT soy 940.75 -0.75 -0.08% -0.37% 992.74 19
CBOT rice 10.15 -$0.03 -0.29% -0.25% $9.80 76
WTI crude 51.71 $0.01 +0.02% +1.09% $50.21 71
Euro/dlr $1.064 $0.000 +0.02% -0.17%
USD/AUD 0.7537 -0.001 -0.11% -0.38%
Most active contracts
Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
RSI 14, exponential
(Reporting by Colin Packham; Editing by Richard Pullin)