SINGAPORE, July 27 (Reuters) - Chicago soybean futures edged higher on Monday, recouping some of last session’s losses, although gains were limited by worsening U.S.-China relations.
Wheat lost ground after climbing in the last session on the back of a weaker U.S. dollar.
* The most-active Chicago Board of Trade (CBOT) soybean contract added 0.1% to $9.00 a bushel by 0123 GMT. Wheat lost 0.6% to $5.36-1/2 a bushel and corn fell 0.2% to $3.34-1/4 a bushel.
* Staff of the U.S. consulate in Chengdu made final efforts to clear the premises on Sunday as security remained tight outside, ahead of a Monday closure ordered by Beijing as China-U.S. relations continue to worsen.
* Tensions between the world’s top economies are likely to curb U.S. farm goods exports to China, the world’s biggest soybean importer.
* China’s soybean imports in June from top supplier Brazil soared to a record high, according to customs data released on Sunday, driven by growing demand for soybeans as China’s pig herd recovers after deadly outbreaks of African swine fever.
* The world’s top soybean buyer brought in 10.51 million tonnes of the oilseed from the South American country in June, up 91% from 5.5 million tonnes in the previous year, data from the General Administration of Customs showed. The June figures were also up 18.6% from May imports from Brazil at 8.86 million tonnes.
* Large speculators trimmed their net short position in CBOT corn futures in the week to July 21, regulatory data released on Friday showed.
* The Commodity Futures Trading Commission’s weekly commitments of traders report also showed that non-commercial traders, a category that includes hedge funds, trimmed their net short position in CBOT wheat and raised their net long position in soybeans.
* U.S. stock futures slipped and Asian shares came under pressure in early Monday trade as tit-for-tat consulate closures in China and the United States fanned worries about worsening diplomatic ties between the world’s two largest economies.
DATA/EVENTS (GMT) 0800 Germany Ifo Business Climate New July 0800 Germany Ifo Curr Conditions New July 0800 Germany Ifo Expectations New July 1230 US Durable Goods June 1400 US Consumer Confidence July (Reporting by Naveen Thukral; editing by Uttaresh.V)