February 3, 2014 / 1:47 AM / 4 years ago

GRAINS-Soybeans edge lower on profit taking

SYDNEY, Feb 3 (Reuters) - U.S. soybeans fell for the first
time in three sessions on Monday as traders banked profits after
the oilseed recorded its biggest single-session gain in two
weeks on tightening U.S. supplies.
         
    FUNDAMENTALS  
    * Chicago Board Of Trade March soybeans fell 0.2
percent to $12.80-1/4 a bushel, having firmed 0.6 percent on
Friday.
    * March corn little changed at $4.34-1/4 a bushel,
having gained 0.1 percent in the previous session.
    * March wheat rose 0.1 percent to $5.56-1/4 a bushel,
having closed up 0.4 percent on Friday. 
    * Russia has halted grains exports from the Black Sea port
of Novorossiisk due to windy weather, the Novorossiisk
Commercial Sea Port (NCSP) Group said on Friday.
  
    * The U.S. Agriculture Department on Thursday said corn
exports last week were 1.8 million tonnes, the most so far in
the 2013/14 marketing season. 
         
    MARKET NEWS  
    * The euro licked its wounds near a ten-week low against the
dollar on Monday after soft euro zone inflation data rekindled
speculation the European Central Bank may ease policy to stave
off deflation.  

     DATA (GMT)
0843  Italy      Markit/ADACI Manufacturing PMI 
0848  France     Markit Manufacturing PMI       
0853  Germany    Markit/BME Manufacturing PMI   
0858  Euro zone  Markit Manufacturing PMI       
1358  U.S.       Final Markit Manufacturing PMI 
1500  U.S.       Construction spending          
1500  U.S.       ISM Manufacturing PMI          
        
  Grains prices at  0126 GMT
  Contract        Last    Change  Pct chg  Two-day chg MA 30   RSI 
  CBOT wheat     556.25     0.50  +0.09%    +0.50%     582.53   35
  CBOT corn      434.25     0.25  +0.06%    +0.17%     427.93   59
  CBOT soy      1280.25    -2.50  -0.19%    +0.41%    1292.10   39
  CBOT rice      $15.40    $0.00  +0.00%    -0.16%     $15.46   38
  WTI crude      $96.92   -$0.57  -0.58%    -1.33%     $96.09   54
  Currencies                                                
  Euro/dlr       $1.348   $0.000  -0.01%    -0.52%
  USD/AUD         0.877    0.001  +0.15%    -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)

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