SYDNEY, June 8 U.S. corn futures edged higher on Thursday, lingering near a one-year high, as forecasts
for hot, dry weather across key producing regions stoked concerns of widespread production losses.
* The most active corn futures on the Chicago Board Of Trade rose 0.4 percent to $3.86-1/4 a bushel, having
gained 2 percent in the previous session when prices hit a high of $3.87 a bushel - the highest since June 2016.
* The most active soybean futures rose 0.24 percent to $9.33 a bushel, having firmed 0.8 percent on Wednesday.
* The most active wheat futures rose 0.6 percent to$4.47-1/4 a bushel, having closed up 2 percent on Wednesday
when prices hit a high of $4.48-3/4 a bushel - the highest since May 4.
* Hot and dry weather in the northern U.S. Plains and northern Midwest is expected over the weekend, potentially
* The U.S. corn crop is still a few weeks from its key pollination phase, which usually occurs in July.
* The U.S. Department of Agriculture on Monday rated 68 percent of the corn crop in good to excellent condition, up
from 65 percent a week earlier, but the figure was down from 75 percent a year ago.
* The euro held steady on Thursday ahead of the European Central Bank's policy announcement, while sterling was
supported by expectations that Prime Minister Theresa May's party will win a majority in Britain's election.
* Crude futures edged up in early Asian trading on Thursday following heavy losses in the previous session after
official data showed that U.S. inventories rose for the first time in 10 weeks, reawakening concerns over a glut.
* U.S. stocks rose on Wednesday despite a sharp decline in energy shares after written testimony from former FBI
director James Comey did not add major revelations about an investigation into Russian meddling with last year's U.S.
DATA AHEAD (GMT) DATA AHEAD (GMT)
China Trade data May
0600 Germany Industrial output Apr
0645 France Current account Apr
0645 France Trade data Apr
0900 Euro zone Revised GDP Q1
1145 European Central Bank announces outcome of policy
meeting; followed by ECB President Draghi briefing
1230 U.S. Weekly jobless claims
Grains prices at 0112 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 447.25 2.50 +0.56% +2.64% 434.80 75
CBOT corn 386.25 1.50 +0.39% +2.39% 371.74 74
CBOT soy 933.00 2.25 +0.24% +1.03% 950.63 54
CBOT rice 11.20 -$0.03 -0.27% +0.95% $10.56 68
WTI crude 46.00 $0.28 +0.61% -4.54% $48.32 30
Euro/dlr $1.125 -$0.001 -0.07% -0.25%
USD/AUD 0.7536 -0.001 -0.13% +0.40%
Most active contracts
Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
RSI 14, exponential
(Reporting by Colin Packham; Editing by Biju Dwarakanath)