September 8, 2017 / 1:52 AM / 6 months ago

GRAINS-Soybeans firm, set for biggest weekly gain in two months

    SYDNEY, Sept 8 (Reuters) - U.S. soybeans edged higher on
Friday, poised to record its biggest weekly gain in two months
as concerns about potential damage from Hurricane Irma pushed
kept prices near a one-month high.
    * The most active soybean futures contract on the Chicago
Board Of Trade was up more than 2 percent for the week,
the biggest weekly gain in two months.
    * Soybeans on Thursday hit a high of $9.77-1/2 a bushel, the
highest since Aug. 10.
    * The most active corn contract was little changed for
the week after posting a 0.5 percent gain in the previous week.
    * The most active wheat futures were little changed
for the week after rising 0.8 percent last week.
    * Concerns that Hurricane Irma will cut production in
southern states such as Georgia and North Carolina supported
    * Corn came under pressure amid expectations of a bumper
U.S. harvest.
    * Hurricane Irma may slow exports of U.S. wheat.
    * The euro hovered below a 2-1/2-year high versus the dollar
on Friday, as a policy meeting by the European Central Bank did
little to support the beleaguered U.S. currency.  
    * Oil edged lower in volatile trading on Friday, posting a
second consecutive weekly loss as caution about Europe's debt
crisis and year-end positioning continued to spark selling into
    * Wall Street ended little changed on Thursday after a
moderate late-day rally as media stocks, which slumped on
negative business updates from Walt Disney and Comcast, were
offset by gains in healthcare shares.  
       China              Trade balance                Aug 
0600   Germany            Trade balance                Aug 
0645   France             Industrial output            Jul 
0830   Britain            Industrial output            Jul 
1400   U.S.               Wholesale sales              Jul 
 Grains prices at  0115 GMT
 Contract      Last    Change  Pct chg  Two-day chg   MA 30  RSI 
 CBOT wheat  438.75      1.50   +0.34%       -1.57%  456.16    47
 CBOT corn   356.25      1.00   +0.28%       -1.32%  366.95    46
 CBOT soy    971.75      3.00   +0.31%       +0.08%  954.53    65
 CBOT rice    12.66    -$0.03   -0.28%       -0.51%  $12.62    53
 WTI crude    49.12     $0.03   +0.06%       -0.08%  $48.28    63
 Euro/dlr    $1.203    $0.001   +0.08%       +0.97%              
 USD/AUD     0.8055     0.001   +0.11%       +0.70%              
 Most active contracts
 Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
 RSI 14, exponential

 (Reporting by Colin Packham; Editing by Richard Pullin)
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