September 6, 2017 / 1:28 AM / 9 months ago

GRAINS-Soybean prices edge down, but remain near three-week high

    SYDNEY, Sept 6 (Reuters) - U.S. soybean prices inched lower
on Wednesday, but remained near a three-week high as forecasts
for dry weather for the remainder of the growing season stoked
fears of potential yield losses.
    * The most active soybean futures on the Chicago Board of
Trade were down 0.1 percent at $9.67-3/4 a bushel by 0056
GMT. They firmed 2 percent on Tuesday, when prices hit their
highest since Aug. 10 at $9.73-1/2 a bushel.
    * The most active corn futures were down 0.4 percent
at $3.57-1/4 a bushel, having gained 0.9 percent in the previous
    * The most active wheat futures dropped 0.5 percent to
$4.40-3/4 a bushel, after closing up 1 percent on Tuesday. 
    * The U.S. Department of Agriculture rated 61 percent of the
U.S. corn crop in good-to-excellent condition, down from 62
percent a week earlier. Analysts surveyed by Reuters on average
expected no change.
    * The USDA said 12 percent of the corn crop was mature,
behind the five-year average of 18 percent.
    * The USDA rated 61 percent of the soybean crop as
good-to-excellent, unchanged from the previous week.
    * Forecasts called for dry weather across much of the
Midwest for the next 10 days, potentially stressing the maturing
U.S. soybean crop.
    * The USDA on Tuesday said private exporters sold 136,000
tonnes of U.S. soybeans to China, following a string of similar
sales announcements since mid-August.
    * The dollar edged down against the yen on Wednesday,
getting closer to a recent 4-1/2 month low, pressured by
simmering tensions on the Korean peninsula and on comments by a
Federal Reserve official about low U.S. inflation.  
    * Crude oil prices rose and gasoline fell by about 3 percent
on Tuesday as the gradual restart of refineries in the U.S. Gulf
that were shut by Hurricane Harvey raised demand for crude and
eased fears of a fuel supply crunch.  
    * U.S. stocks sank on Tuesday, with the S&P 500 stumbling to
its biggest single-day loss in about three weeks, as investors
weighed fresh tensions with North Korea.  

0600  Germany            Industrial orders                  Jul 
1230  U.S.               International trade                Jul 
1400  U.S.               ISM non-manufacturing PMI          Aug 
1800  Federal Reserve issues Beige Book of economic conditions 
 Grains prices at  0056 GMT
 Contract       Last  Change   Pct chg   Two-day chg   MA 30  RSI 
 CBOT wheat   440.75   -2.25    -0.51%        +0.46%  460.48    65
 CBOT corn    357.25   -1.25    -0.35%        +0.56%  368.90    47
 CBOT soy     967.75   -0.75    -0.08%        +1.92%  956.67    67
 CBOT rice     12.73  -$0.04    -0.35%        -1.66%  $12.62    58
 WTI crude     48.62  -$0.04    -0.08%        +2.81%  $48.25    62
 Euro/dlr     $1.192  $0.001    +0.08%        +0.23%              
 USD/AUD      0.8009   0.001    +0.18%        +0.84%              
 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)
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