SYDNEY, Feb 6 U.S. soybean prices rose on Monday
as the dollar weakened, recouping nearly all their losses from
the previous session, although bumper South American output kept
gains in check.
* The most active soybean futures on the Chicago Board of
Trade, for March, climbed 0.83 percent to $10.35-1/2 a
bushel, having closed down 1 percent on Friday.
* The most active corn futures advanced 0.55 percent
to $3.67-1/4 a bushel, after ending the last session down 0.6
* The most active wheat futures rose 0.23 percent to
$4.31-1/4 a bushel, having closed down 1 percent on Friday.
* Private analytics firm Informa Economics on Friday
forecast the Brazil soybean harvest at 106.5 million tonnes, up
from its previous estimate of 105 million. Brazilian analysts
Safras & Mercado pegged the crop at 107.09 million tonnes.
* Farmers in Brazil are already ahead of their typical
harvest schedule and their progress is expected to curb demand
for U.S. soybeans earlier than usual.
* Wheat has been pressured as crop-friendly weather in the
Black Sea region supports expectations of bumper production.
* The dollar started the week on the back foot on Monday,
after U.S. data showed a smaller-than-expected rise in wages in
January that reinforced expectations the Federal Reserve will
refrain from raising interest rates next month.
* Oil prices edged up on Monday on fears that new U.S.
sanctions against Iran could be extended to start affecting
crude supplies, but markets were capped by further signs of
growing U.S. production.
DATA AHEAD (GMT)
0145 China Caixin services PMI Jan
0700 Germany Industrial orders Dec
0930 Euro zone Sentix index Feb
1500 U.S. Employment trends Jan
Grains prices at 0209 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 431.25 1.00 +0.23% -0.75% 420.88 58
CBOT corn 367.25 2.00 +0.55% -0.07% 360.08 59
CBOT soy 1035.50 8.50 +0.83% -0.17% 1031.0 47
CBOT rice 9.63 $0.09 +0.89% +1.00% $9.70 47
WTI crude 53.89 $0.06 +0.11% +0.65% $52.96 60
Euro/dlr $1.078 $0.000 -0.02% +0.20%
USD/AUD 0.7660 -0.002 -0.30% +0.07%
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)