Reuters logo
GRAINS-Soybean prices fall to 4-mth low, set for third weekly loss
March 24, 2017 / 2:45 AM / 8 months ago

GRAINS-Soybean prices fall to 4-mth low, set for third weekly loss

    SYDNEY, March 24 (Reuters) - U.S. soybeans dropped 0.5
percent to hit their lowest in four months on Friday, with ample
global supply pushing the oilseed towards its third straight
weekly decline.
    * The most active soybean futures on the Chicago Board of
Trade were down nearly 1.5 percent for the week. 
    * Soybeans hit a low of $9.86 a bushel on Friday, the
weakest since Nov. 18.
    * The most active corn futures were down nearly 3
percent for the week, after gains of nearly 1 percent the week
    * The most active wheat futures were down 3.5 percent
for the week, set for their biggest weekly fall since Dec. 23.
    * The U.S. Department of Agriculture reported weekly export
sales of old-crop corn at 1,347,100 tonnes, above a range of
trade expectations and the largest in eight weeks. Soybean sales
also topped trade forecasts at 738,200 tonnes for 2016/17
    * The USDA is scheduled to release its annual prospective
plantings report late next week. It is expected to show
record-high soybean acreage.
    * The dollar was on the back foot early Friday when voting
on the Trump administration's landmark healthcare bill was
postponed, casting doubt on President Donald Trump's ability to
close political deals. Wall Street declined.  
    * Oil prices edged up on Friday, supported by a fall in
Saudi exports to the United States, but overall markets remained
under pressure on the back of a world market awash with fuel.
0745  France         GDP Final                              Q4 
0800  France         Markit manufacturing flash PMI         Mar 
0830  Germany        Markit manufacturing flash PMI         Mar 
0900  Euro zone      Markit manufacturing flash PMI         Mar 
1230  U.S.           Durable goods                          Feb 
1445  U.S.           Markit manufacturing flash PMI         Mar 
     Federal Reserve Chair Janet Yellen speaks at lunch event at
     the Brookings Institution to discuss Fed's recent rate 
     action and monetary policy 
 Grains prices at  0211 GMT
 Contract      Last   Change  Pct chg  Two-day chg    MA 30  RSI 
 CBOT wheat  421.00     0.00   +0.00%       -0.30%   445.98    37
 CBOT corn   356.50    -0.25   -0.07%       -0.63%   371.13    34
 CBOT soy    986.25    -4.75   -0.48%       -1.35%  1024.95    26
 CBOT rice     9.83   -$0.02   -0.20%       +0.51%    $9.71    65
 WTI crude    47.75    $0.05   +0.10%       -0.60%   $51.32    32
 Euro/dlr    $1.076  -$0.002   -0.18%       -0.31%               
 USD/AUD     0.7620   -0.001   -0.08%       -0.73%               
 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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below