SYDNEY, Feb 3 U.S. wheat inched down on Friday
to move further away from its highest in more than five months
touched the session before, although it was still set for a
weekly climb of well over 3 percent on strong demand for U.S.
* The most active wheat futures on the Chicago Board of
Trade were on track to rise nearly 3.5 percent for the
week in what would be their biggest such gain in a month.
* Wheat on Thursday hit its highest since Aug. 22 at
$4.37-3/4 a bushel.
* The most active soybean futures were on course to
end the week down 1 percent in their second straight weekly
* The most active corn futures were up nearly 1.5
percent for the week, recouping much of their 2-percent loss
from the week before.
* The U.S. Department of Agriculture said weekly old-crop
export sales of wheat totalled 451,200 tonnes in its latest
reporting week. Analyst forecasts for weekly old-crop export
sales wheat ranged from 250,000 to 450,000 tonnes. New-crop
wheat export sales were 59,000 tonnes, in line with market
* Soybean prices have been pressured as crop weather
improves in Argentina, while harvesting in Brazil is on track
for a record crop of more than 100 million tonnes.
* The dollar took a breather in early Asian trade on Friday
as investors awaited U.S. employment data for clues to the
timing of the Federal Reserve's next interest rate hike.
* Oil prices edged up on Friday on news that U.S. President
Donald Trump could be poised to impose new sanctions on multiple
Iranian entities, firing geopolitical tensions between the two
* U.S. stocks ended little changed on Thursday as the recent
rally continued to stall following President Donald Trump's
latest comments on trade and the policies he will pursue.
DATA AHEAD (GMT)
0145 China Caixin manufacturing PMI final Jan
0850 France Markit services PMI Jan
0855 Germany Markit services PMI Jan
0900 Euro zone Markit services PMI final Jan
1000 Euro zone Retail sales Dec
1330 U.S. Nonfarm payrolls Jan
1330 U.S. Unemployment rate Jan
1500 U.S. Factory orders Dec
1500 U.S. ISM non-manufacturing PMI Jan
Grains prices at 0212 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 434.00 -0.50 -0.12% +0.06% 419.95 63
CBOT corn 367.50 0.00 +0.00% -0.20% 359.49 61
CBOT soy 1040.50 3.25 +0.31% +0.36% 1030.8 50
CBOT rice 9.59 $0.05 +0.52% +0.58% $9.70 42
WTI crude 53.87 $0.33 +0.62% -0.02% $52.91 60
Euro/dlr $1.076 $0.000 +0.05% -0.04%
USD/AUD 0.7648 -0.001 -0.09% +0.87%
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)