SYDNEY, April 27 U.S. corn edged lower on Thursday, extending two sessions of declines to nearly 1.5
percent, on concerns over exports to Mexico should the United States withdraw from the North American Free Trade
* The most active corn futures on the Chicago Board Of Trade fell 0.1 percent to $3.66-1/2 a bushel, having
closed down 1.3 percent in the previous session.
* The most active soybean futures climbed 0.31 percent to $9.59 a bushel, having closed down 0.9 percent on
* The most active wheat futures slipped 0.18 percent to $4.25 a bushel, having closed down 0.23 percent in
the previous session.
* Corn pressure by jitters about U.S. exports to Mexico after a senior Trump administration official said a draft
executive order to withdraw the United States from NAFTA, a U.S., Mexico and Canada trade pact, is under
* Soybeans faced additional pressure from weakness in Brazil's currency, the real, which could prompt Brazilian
farmers to sell more of their record-large soybean harvest.
* Wheat draws some support from concerns about unfavourable weather expected in the southern Plains this weekend
that could damage developing winter wheat.
* The dollar clung to gains against the yen on Thursday after U.S. President Donald Trump's tax plan offered no
fresh surprises, halting the greenback's rally, while the market awaited the European Central Bank's upcoming
monetary policy decision.
* Oil prices rebounded from early losses on Wednesday after the U.S. government data showed a
larger-than-expected falloff in crude inventories, which encouraged buying after several days of selling on worries
that a global crude glut was persisting despite output cuts by producing countries.
* U.S. stocks ticked lower on Wednesday following two sessions of strong gains as strong corporate earnings were
offset by uncertainty over the feasibility of a proposed business tax cut.
DATA/EVENT AHEAD (GMT)
0600 Germany GfK consumer sentiment May
0900 Euro zone Business climate Apr
0900 Euro zone Consumer confidence final Apr
1145 European Central Bank interest rate decision
1200 Germany Consumer prices Apr
1230 U.S. Durable goods Mar
1230 U.S. Advance goods trade balance Mar
1230 U.S. Weekly jobless claims
1330 ECB holds news briefing after policy meeting
1400 U.S. Pending homes sales Mar
Grains prices at 0055 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 426.00 -0.50 -0.12% -0.23% 439.33 32
CBOT corn 366.50 -0.25 -0.07% -1.41% 368.36 43
CBOT soy 958.00 1.50 +0.16% -0.73% 971.67 42
CBOT rice 9.50 $0.07 +0.69% +2.15% $9.90 13
WTI crude 49.37 -$0.25 -0.50% -0.38% $50.19 31
Euro/dlr $1.091 $0.000 +0.04% -0.16%
USD/AUD 0.7479 0.001 +0.09% -0.74%
Most active contracts
Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
RSI 14, exponential
(Reporting by Colin Packham; Editing by Sherry Jacob-Phillips)