December 28, 2018 / 1:56 AM / 7 months ago

GRAINS-Soy, wheat, corn hold steady amid lack of market news

    KUALA LUMPUR, Dec 28 (Reuters) - U.S. soybeans, wheat and
corn futures held steady on Friday, hovering around one-month
lows, amid a lack of demand and supply news. 
    Traders were missing details on daily U.S. grain export
sales, initially scheduled for release on Friday, due to the
U.S. federal government partial shutdown. 
        
    FUNDAMENTALS
    * The most-active soybean contract on the Chicago Board Of
Trade rose 0.3 percent to $8.85-1/4 a bushel by 0138 GMT. 
    * Corn gained 0.1 percent to $3.75 a bushel, while
wheat was up 0.2 percent at $5.11-1/4 a bushel.
    * Traders were grappling with uncertainty as the U.S.
government shutdown stretched on and on a lack of fresh news
about supplies and demand. 
    * The U.S. Department of Agriculture's weekly export sales
report, which had been scheduled for release on Friday, has been
postponed indefinitely.
    * Market analysts and traders estimate that U.S. export
sales for the week ended Dec. 20 were 1.05 million to 1.6
million tonnes for corn, 1.8 million to 2.8 million tonnes for
soybeans, and 200,000 to 600,000 tonnes for wheat.
    * Brazilian farmers are bracing for losses as below-normal
rainfall in the country's main soybean producing areas are
expected during the first few days of 2019.
            
    MARKET NEWS
    * Asia stocks inched higher on Friday after Wall Street
ended volatile trade in the green, adding to the massive gains
of the previous session although lingering investor jitters
helped support safe-haven currencies such as the yen.

    * The safe-haven yen and the Swiss franc rose on Friday
after a brief pullback earlier in the week, as renewed
U.S.-China trade tensions and weaker-than-expected data in those
two economies revived global growth fears.
    * U.S. oil prices rose on Friday to claw back some of the
ground they lost in the previous session, but growth in U.S.
crude stockpiles and ongoing concerns about the global economy
kept markets under pressure.
    * U.S. stocks roared back to end in positive territory on
Thursday following steep losses for much of the session, as
equities rebounded for a second day.
    
 Grains prices at  0138 GMT
 Contract    Last    Change  Pct chg  Two-day chg  MA 30   RSI
 CBOT wheat  511.25  0.75    +0.15%   -1.02%       517.86  40
 CBOT corn   375.00  0.50    +0.13%   -0.73%       378.38  47
 CBOT soy    885.25  2.75    +0.31%   -1.31%       907.00  28
 CBOT rice   10.23   $0.00   +0.00%   -2.53%       $10.76  16
 WTI crude   46.07   $1.46   +3.27%   +8.32%       $51.02  
 Currencies                                                
 Euro/dlr    $1.144  $0.009  +0.81%   +0.72%               
 USD/AUD     0.7042  -0.002  -0.33%   +0.07%               
 Most active contracts
 Wheat, corn and soy US cents/bushel. Rice: USD per
 hundredweight
 RSI 14, exponential
 
 (Reporting by Emily Chow; editing by Richard Pullin)
  
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