SYDNEY, Feb 15 U.S. soybean futures on Wednesday
edged away from a six-day low touched the session before,
although expectations for ample South American production kept a
lid on gains.
* The most active soybeans futures on the Chicago Board of
Trade rose 0.1 percent to $10.46 a bushel. They closed
down 0.9 percent on Tuesday, after touching their lowest since
Feb. 8 at $10.42-1/2 a bushel.
* The most active corn futures were unchanged at
$3.74-1/4 a bushel, having ended the last session down 0.3
* The most active wheat futures climbed 0.1 to $4.50 a
bushel, after closing the previous day down 0.6 percent.
* Soybean prices have been pressured by expectations of
bumper harvests in Brazil and Argentina that will boost
competition for U.S. supplies.
* Brazil's 2016-17 corn crop should reach a record 89.6
million tonnes as analysts raised expected yields due to
favourable weather, according to a Reuters poll.
* U.S. farmers have made advance sales of up to half the
soybeans they expect to harvest this year, looking to get ahead
of the expected record South American crop.
* The dollar stood tall on Wednesday after Federal Reserve
Chair Janet Yellen signalled a faster pace of U.S. interest rate
increases at her two-day testimony before Congress.
* Oil prices pared gains after the settlement Tuesday, as
evidence of surging U.S. crude oil stockpiles underscored
concerns that shale production might limit the effectiveness of
an OPEC-led effort to cut global output.
* Major U.S. stock indexes established record highs on
Tuesday, led by bank stocks after Yellen said it would be unwise
to wait too long to raise interest rates.
DATA/EVENT AHEAD (GMT)
1000 Euro zone Eurostat trade Dec
1330 U.S. Consumer prices Jan
1330 U.S. New York Fed manufacturing Feb
1330 U.S. Retail sales Jan
1415 U.S. Industrial production Jan
1500 U.S. Business inventories Dec
1500 U.S. NAHB housing market index Feb
1500 Federal Reserve Chair Janet Yellen delivers semiannual
monetary testimony before the House Financial Services Committee
Grains prices at 0131 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 450.00 0.50 +0.11% -0.50% 430.15 69
CBOT corn 374.25 0.00 +0.00% -0.33% 365.08 67
CBOT soy 1046.00 1.00 +0.10% -0.78% 1041.08 53
CBOT rice 9.43 -$0.01 -0.11% -0.63% $9.68 39
WTI crude 53.01 -$0.19 -0.36% +0.15% $52.82 48
Euro/dlr $1.058 $0.000 -0.02% -0.21%
USD/AUD 0.7663 0.000 +0.04% +0.33%
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)