SINGAPORE, March 10 (Reuters) - Chicago soybean and corn futures rose for the first time in four sessions on Tuesday on expectations of a coordinated policy action to prevent further economic damage from the coronavirus.
Wheat rose for a second session as short-covering supported the market.
* The most-active corn contract on the Chicago Board of Trade rose 0.9% to $3.76 a bushel by 0149 GMT, soybeans added 0.9% to $8.77-1/2 a bushel and wheat gained 0.3% at $5.20-1/4 a bushel.
* U.S. President Donald Trump, who continued to play down the threat posed by the flu-like virus, said he would announce economic measures on Tuesday and would discuss a payroll tax cut with Congress to bolster the economy.
* All of Italy under lockdown, reeling financial markets and rioting prisoners made clear on Monday how the global coronavirus epidemic was extending its reach into all aspects of social and economic life.
* The U.S. Department of Agriculture on Monday confirmed a relatively modest sale of U.S. soybeans, saying private exporters sold 123,500 tonnes of the oilseed to unknown destinations.
* The agency’s National Agricultural Statistics Service in a weekly crop report on Monday rated 47% of the Kansas winter wheat crop in good to excellent condition, up from 43% a week earlier.
* Soft wheat exports from the European Union in the 2019/20 season that started last July had reached 21.22 million tonnes by March 8, official data showed on Monday. That was 70% above the volume cleared by March 3 last year, the data showed.
* Argentine farmers began a four-day sales strike on Monday to protest the government’s hike of export taxes for soybeans and their byproducts, though shipments were not impacted in the major global food exporter.
* Commodity funds were net sellers of CBOT soybean, soyoil, corn and soymeal futures contracts on Monday, and net buyers of wheat futures, traders said.
* Asian markets skidded again on Tuesday after Wall Street suffered its biggest one-day loss since the 2008 financial crisis, but the selling was restrained by hopes for coordinated policy action to quell the panic.
DATA/EVENTS 0130 China PPI, CPI YY Feb 1000 EU GDP Revised QQ, YY Q4 (Reporting by Naveen Thukral; Editing by Anil D’Silva)