SYDNEY, March 13 U.S. soybeans on Monday inched
away from two-month lows hit in the previous session, with U.S.
Department of Agriculture forecasts of record Brazilian
production keeping gains in check.
* The most active Chicago Board of Trade soybean contract,
for March, climbed 0.3 percent to $10.09-1/4 a bushel. It
closed down 0.45 percent on Friday, after marking its lowest
since Jan. 11 at $10.03 a bushel.
* The most active corn futures gained 0.14 percent to
$3.64-1/4 a bushel. They ended down 0.75 percent in the previous
session, having hit their weakest since Feb. 24 at $3.62-1/2 a
* The most active wheat futures rose 0.3 percent to
$4.41-1/2 a bushel, after closing down 0.8 percent on Friday.
* The USDA on Thursday raised its forecast of Brazil's
soybean crop to a record 108 million tonnes, from the 104
million predicted last month.
* Brazilian agricultural statistics agency Conab on Thursday
raised its estimate for the country's 2016/17 soybean crop to
107.6 million tonnes, more than 2 million tonnes above its
* The USDA raised its forecast of global 2016/17 corn ending
stocks to 220.68 million tonnes, above the average trade
estimate and up from 217.56 million last month.
* Freezing temperatures next week could threaten soft red
winter wheat in about 10 percent of the U.S. Midwest crop belt,
where a recent warm spell advanced the crop's development, an
agricultural meteorologist said.
* The euro edged up near a one-month high against the dollar
in Asian trading on Monday, after some European Central Bank
policymakers raised the possibility of hiking interest rates
before bond purchases end.
* Oil prices dropped to their lowest in three months on
Monday despite OPEC efforts to curb crude output, dragged down
as U.S. drillers kept adding rigs.
DATA AHEAD (GMT)
0700 Germany Trade data Jan
0700 Germany Wholesale price index Feb
0745 France Industrial output Jan
0930 Britain Industrial output Jan
1330 U.S. Nonfarm payrolls Feb
1330 U.S. Unemployment rate Feb
Grains prices at 0130 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 441.50 1.00 +0.23% -0.56% 451.09 38
CBOT corn 364.75 0.50 +0.14% -0.61% 374.29 33
CBOT soy 1009.25 2.75 +0.27% -0.17% 1040.34 31
CBOT rice 9.69 $0.00 +0.00% +0.52% $9.72 60
WTI crude 48.06 -$0.43 -0.89% -2.48% $52.78 14
Euro/dlr $1.068 $0.001 +0.12% +1.01%
USD/AUD 0.7545 0.001 +0.07% +0.55%
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)