SYDNEY, Feb 23 U.S. soybeans edged higher on
Thursday, rebounding from a three-week low touched earlier in
the session, with market sentiment likely to be driven by the
U.S. Department of Agriculture's U.S. crop planting forecasts
due later in the day.
* The most active soybean futures on the Chicago Board Of
Trade rose 0.3 percent to $10.25-3/4 a bushel, having
earlier hit a low of $10.22 a bushel - the lowest since Feb. 1.
Soybeans closed down 0.3 percent on Wednesday.
* The most active corn futures were unchanged at $3.71
a bushel, having gained 0.5 percent in the previous session.
* The most active wheat futures rose 0.2 percent to
$4.42 a bushel, having closed up 1 percent on Wednesday.
* Soybeans weighed by ample South American supplies, quickly
coming on to the market.
* The USDA to release updated planting forecasts at its
Outlook Forum on Thursday, with the market expecting an increase
in soybean sowing. For a POLL, click:
* Egypt's General Authority for Supply Commodities bought
300,000 tonnes of Russian wheat and 60,000 tonnes of Ukrainian
wheat at an international tender.
* The dollar moved away from overnight lows and steadied on
Thursday as the market reassessed the minutes of the Federal
Reserve's last policy meeting, which kept the prospect of a
March rate hike in play.
* U.S. oil futures rose nearly 1 percent on Thursday after
data released by an industry group showed a surprise decline in
U.S. crude stocks as imports fell, lending support to the view
that a global glut is ending.
* The S&P 500 ended modestly weaker on Wednesday, holding
losses after minutes from the Federal Reserve's last meeting
kept alive a potential near-term interest rate hike, while
DuPont shares helped the Dow close at an all-time high for a
ninth straight session.
DATA AHEAD (GMT)
0700 Germany Detailed GDP Q4
0700 Germany GfK consumer sentiment Mar
0745 France Business climate Feb
1330 U.S. Weekly jobless claims
1330 U.S. National activity index Jan
1400 U.S. Monthly home price index Dec
Grains prices at 0117 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 442.00 0.75 +0.17% +1.38% 433.18 52
CBOT corn 371.00 0.00 +0.00% +0.47% 367.09 51
CBOT soy 1025.75 3.00 +0.29% -0.05% 1045.23 39
CBOT rice 9.46 $0.00 +0.00% +0.32% $9.63 49
WTI crude 54.01 $0.42 +0.78% -0.09% $52.98 60
Euro/dlr $1.055 $0.000 -0.01% +0.18%
USD/AUD 0.7670 -0.003 -0.42% -0.05%
Most active contracts
Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
RSI 14, exponential
(Reporting by Colin Packham; Editing by Richard Pullin)