SYDNEY, May 16 U.S. corn edged down to hit a
six-day low on Tuesday as the U.S. Department of Agriculture
pegged the pace of planting beyond analyst expectations.
* The most active corn futures on the Chicago Board of Trade
were down 0.2 percent at $3.67 a bushel, after earlier
touching their weakest since May 10 at $3.66-1/2 a bushel. Corn
closed down 0.9 percent in the previous session.
* The most active soybean futures rose 0.1 percent to
$9.66 a bushel, having firmed 0.2 percent on Monday.
* The most active wheat futures fell 0.35 percent to
4.21-3/4 a bushel, near the session low of $4.21-1/4 a bushel -
the weakest since April 25. Wheat closed down 2.2 percent in the
* The USDA said the U.S. corn crop was 71 percent planted,
just ahead of the five-year average of 70 percent and above the
average analyst estimate in a Reuters poll of 68 percent.
* Improved U.S. weather in recent days helped corn planting
in the Midwest, although showers will return this week.
* The USDA said soybean planting was 32 percent complete,
matching the five-year average and above the average expectation
of 28 percent in the Reuters poll.
* Wheat prices were pressured by abundant global supplies.
* The dollar traded near a one-week low versus a basket of
major currencies on Tuesday, having come under pressure after a
surprisingly soft U.S. manufacturing report.
* Oil jumped 2 percent to its highest in more than three
weeks on Monday, topping $52 a barrel after Saudi Arabia and
Russia said that supply cuts need to last into 2018, a step
towards extending an OPEC-led deal to support prices for longer
than first agreed.
* The S&P 500 and the Nasdaq notched record closing highs on
Monday, powered by demand for technology stocks after a global
cyber attack and by rising oil prices.
0645 France EU-harmonised CPI Apr
0830 UK CPI Apr
0830 UK PPI Apr
0900 Euro Zone GDP(revised) Q1
0900 Germany Economic sentiment May
0900 Euro Zone Trade data Mar
1230 US Housing starts Apr
1315 US Industrial output Apr
Grains prices at 0121 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 421.75 -1.50 -0.35% -2.54% 436.90 44
CBOT corn 367.00 -0.75 -0.20% -1.08% 369.68 58
CBOT soy 966.00 0.75 +0.08% +0.31% 962.38 62
CBOT rice 10.68 $0.04 +0.42% +2.55% $10.14 80
WTI crude 49.09 $0.24 +0.49% +2.61% $49.68 62
Euro/dlr $1.098 $0.001 +0.09% +0.50%
USD/AUD 0.7431 0.002 +0.26% +0.62%
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)