SYDNEY, Jan 3 U.S. soybeans rose 0.5 percent on
Tuesday, rebounding from two consecutive sessions of losses,
though ample global supplies provided a lid to gains.
* The most active soybean futures on the Chicago Board Of
Trade climbed 0.47 percent to $10.08-3/4 a bushel, having
closed down 0.86 percent on Friday.
* The most active corn futures advanced 0.5 percent to
$3.53-3/4 a bushel, having gained 0.6 percent in the previous
* The most active wheat futures was little changed at
$4.08-1/4 a bushel, having closed up 0.8 percent on Friday.
* The U.S. Department of Agriculture reported export sales
of old-crop wheat in the latest week at 568,000 tonnes, above a
range of trade expectations for 200,000-500,000 tonnes.
* Wheat prices also drew some support on fears over
potential crop damage from forecasts for cold weather in the
* Argentina will cut its soybean export tax by 12 percentage
points to 18 percent by 2020, the government said on Monday, a
move expected to spur more planting in the South American grains
powerhouse at a time of rising world food demand. [nL1N1ES0DQ
* The U.S. dollar held on to broad gains on Tuesday,
resuming its ascent after last week's brief wobble as the
prospect of rising U.S. interest rates this year kept sentiment
bullish in the long run.
* U.S. oil prices rose in the first trading hours of 2017 on
Tuesday, buoyed by a deal for OPEC and non-OPEC member
production cuts which kicked off on Sunday.
Grains prices at 0123 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 408.25 0.25 +0.06% +0.86% 410.18 56
CBOT corn 353.75 1.75 +0.50% +1.14% 354.45 56
CBOT soy 1008.75 4.75 +0.47% -0.39% 1033.0 45
CBOT rice 9.66 $0.04 +0.47% +1.58% $9.82 48
WTI crude 54.02 $0.30 +0.56% +0.46% $50.88 69
Euro/dlr $1.048 $0.002 +0.17% -0.36%
USD/AUD 0.7201 0.002 +0.28% -0.19%
Most active contracts
Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
RSI 14, exponential
(Reporting by Colin Packham; Editing by Kenneth Maxwell)