SYDNEY, April 25 U.S. soybeans fell on Tuesday,
retreating from a three-week high touched in the previous
session after the U.S. Department of Agriculture (USDA) pegged
the pace of planting ahead of market expectations.
* The most active Chicago Board Of Trade March soybeans
fell 0.2 percent to $9.69-1/2 a bushel, having firmed 1.1
percent on Monday when prices hit a high of $9.72-1/2 a bushel -
the highest since March 29.
* The most active corn futures were unchanged at
$3.65-1/2 a bushel, having gained 0.5 percent in the previous
* The most active wheat futures were little changed at
$4.19-1/2 a bushel, having closed down 0.4 percent on Monday.
* The USDA said soybean planting was 6 percent complete,
well ahead of market forecasts.
* It pegged corn planting at 17 percent complete as of
Sunday, also exceeding market expectations.
* Wheat was seen at 54 percent good-to-excellent, slightly
* Export inspections of corn last week topped trade
expectations at 1.45 million tonnes. Year-to-date inspections
are 62 percent ahead of a year ago, according to U.S. Department
of Agriculture data.
* Soybean and wheat export inspections were also above trade
estimates at 634,877 tonnes and 612,536 tonnes, respectively.
* The euro surged against the U.S. dollar and the yen sank
on Monday on relief over Emmanuel Macron's victory against
anti-euro nationalist Marine Le Pen in the first round of
France's presidential elections.
* Oil prices slipped nearly 1 percent on Monday, extending
last week's decline, on lack of confirmation that OPEC will
extend output cuts until the end of 2017 and as Russia indicated
it can lift output if the deal on curbs lapses.
* U.S. stocks rallied on Monday, tracking a relief rally
that swept through Asian and European markets, after centrist
candidate and market favourite Emmanuel Macron won the first
round of the French presidential election.
DATA AHEAD (GMT)
0645 France Business climate Apr
1300 U.S. Monthly home price index Feb
1300 U.S. S&P/Case-Shiller housing index Feb
1400 U.S. Consumer confidence Apr
1400 U.S. New home sales Mar
1400 U.S. Richmond Fed composite index Apr
Grains prices at 0024 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 419.50 0.25 +0.06% -0.53% 440.67 18
CBOT corn 365.50 0.00 +0.00% +0.62% 368.32 38
CBOT soy 969.50 -2.25 -0.23% +0.83% 975.28 59
CBOT rice 9.61 $0.00 +0.00% -1.69% $9.93 17
WTI crude 49.35 $0.12 +0.24% -0.54% $50.10 27
Euro/dlr $1.087 $0.000 +0.00% +1.31%
USD/AUD 0.7562 0.000 -0.05% +0.27%
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)