December 28, 2018 / 4:41 AM / a month ago

GRAINS-U.S. soybean edges up amid lack of market news

    * Corn, wheat holding steady
    * Traders uncertain as USDA weekly export sales report
postponed 

 (Updates prices)
    By Emily Chow
    KUALA LUMPUR, Dec 28 (Reuters) - U.S. soybeans, wheat and
corn futures held steady on Friday, though hovering around
one-month lows amid a lack of demand and supply news.
    News on demand and supply and export sales, initially
scheduled for release on Friday, were not reported by the U.S.
Department of Agriculture due to the U.S. federal government
partial shutdown. 
    The most-active soybean contract on the Chicago Board Of
Trade edged up 0.3 percent to $8.85 a bushel by 0429 GMT. 
    Corn gained 0.3 percent to $3.75-1/2 a bushel after
its previous sessions gains of 0.3 percent, while wheat
was slightly up 0.2 percent at $5.11-1/2 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 had estimated 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.
    Meanwhile, 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.

    
 
 Contract    Last    Change  Pct chg  Two-day chg  MA 30   RSI
 CBOT wheat  511.50  1.00    +0.20%   +0.29%       517.86  40
 CBOT corn   375.50  1.00    +0.27%   +0.60%       378.28  47
 CBOT soy    885.00  2.50    +0.28%   +0.23%       906.53  26
 CBOT rice   10.23   $0.00   +0.00%   -2.53%       $10.76  16
 WTI crude   45.63   $1.02   +2.29%   -1.28%       $50.62  
 Currencies                                                
 Euro/dlr    $1.146  $0.003  +0.24%   +0.93%               
 USD/AUD     0.7050  0.002   +0.24%   -0.21%               
 
 
 
 
 (Reporting by Emily Chow; editing by Richard Pullin and Sunil
Nair)
  
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