SYDNEY, April 10 U.S. corn edged lower on
Monday, extending losses into a third consecutive session, as
ample global supplies weighed on the grain, pressuring prices
towards a near one-week low.
* The most active corn futures on the Chicago Board Of Trade
fell 0.1 percent to $3.59 a bushel, having slipped 0.4
percent in the previous session when prices hit a low of $3.57 a
bushel - the lowest since March 31.
* The most active soybean futures rose 0.1 percent to
$9.42-3/4 a bushel, having closed little changed on Friday.
* The most active wheat futures was little changed at
$4.24-1/4 a bushel, having closed up 0.2 percent on Friday.
* The U.S. Department of Agriculture is scheduled to release
its monthly supply/demand report on Tuesday, and analysts
surveyed by Reuters expect the government to raise its estimates
of corn and soybean crops in the Southern Hemisphere.
* Argentina's 2016/17 soy harvest accelerated in the past
week despite heavy rains and floods in the western portion of
the country's growing area, the Buenos Aires Grains Exchange
said on Thursday.
* The dollar started the week at three-week highs against a
currency basket on Monday, after a key U.S. Federal Reserve
official reinforced the central bank's commitment to interest
* Oil prices were firm on Monday, supported by strong demand
and political uncertainty in Syria, although another rise in
U.S. drilling activity kept a lid on gains.
DATA AHEAD (GMT)
0830 Euro zone Sentix index Apr
1400 U.S. Employment trends Mar
Grains prices at 0119 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 424.25 0.25 +0.06% +0.24% 434.06 45
CBOT corn 359.00 -0.50 -0.14% -0.49% 365.28 41
CBOT soy 942.75 0.75 +0.08% +0.13% 990.14 21
CBOT rice 10.22 -$0.02 -0.15% +0.34% $9.82 82
WTI crude 52.44 $0.20 +0.38% +1.43% $50.18 76
Euro/dlr $1.058 -$0.001 -0.09% -0.60%
USD/AUD 0.7503 0.001 +0.11% -0.56%
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)