SYDNEY, Jan 6 U.S. wheat rose for a third
session on Friday to hit its highest in six weeks, with the
grain set for its biggest one-week gain in nearly three months
on bargain-buying and a weaker dollar.
* The most active wheat futures on the Chicago Board of
Trade have climbed 4.5 percent so far this week, on target
for their biggest such gain since Oct. 14, 2016.
* Wheat on Friday hit its highest since Nov. 23 at $4.27-1/4
* The most active soybean futures are up nearly 1
percent for the week in what would be their second straight
* The most active corn futures have risen more than
2.5 percent this week, their biggest such gain in a month.
* Soybean prices have been weighed down by bumper harvests
in South America, although potential weather setbacks, including
heavy rain that has disrupted late planting in parts of
Argentina, have offered some support.
* Argentine farmers are expected to plant 19.3 million
hectares with soybeans, the Buenos Aires Grains Exchange said on
Thursday, lowering its previous 19.6 million hectare estimate.
* The dollar tottered at three-week lows against a basket of
currencies on Friday after it suffered a swift evaporation of
bullish momentum in the wake of a jump in the Chinese yuan.
* Oil prices were little changed on Friday after gaining
nearly 1 percent the day before on news that Saudi Arabia had
cut production to meet OPEC's agreement to reduce output.
1000 Euro Zone Retail Sales Nov
1000 Euro Zone Business Climate Dec
1330 U.S. Non-Farm Payrolls Dec
1330 U.S. Unemployment Rate Dec
1330 U.S. International Trade Nov
1500 U.S. Durable Goods Nov
1530 U.S. ECRI Weekly Index
Grains prices at 0121 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 426.75 0.50 +0.12% +1.97% 409.43 73
CBOT corn 361.25 0.00 +0.00% +0.42% 354.64 67
CBOT soy 1012.75 0.25 +0.02% -0.25% 1031.5 46
CBOT rice 9.75 $0.00 +0.00% +1.46% $9.81 63
WTI crude 53.72 -$0.04 -0.07% +0.86% $51.48 64
Euro/dlr $1.058 -$0.002 -0.19% +0.93%
USD/AUD 0.7330 -0.001 -0.08% +0.65%
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)