March 27, 2019 / 4:29 AM / 4 months ago

GRAINS-Wheat edges lower; export demand and planting delay concern caps losses

    * Wheat falls from one-month high touched on Tuesday
    * Corn falls for second straight session
    * Soybeans fall below $9 a bushel

    By Colin Packham
    SYDNEY, March 27 (Reuters) - U.S. wheat futures fell on
Wednesday, though signs of improved demand for North American
supplies and potential planting delays provided a floor to
    Corn also declined, extending losses into a second straight
session, while soybeans also fell.
    The most active wheat futures on the Chicago Board Of Trade
 were down 0.2 percent at $4.68-1/2 a bushel. Wheat closed
down 0.1 percent on Tuesday after prices earlier rose to $4.78 a
bushel - the highest since Feb. 25.
    "The threat of planting delays and Egypt buying U.S. wheat
means the losses are being kept in check," said a
Melbourne-based grains trader. He declined to be named as he is
not authorised to talk to the media.
    Egypt's state grains buyer said on Tuesday it bought 120,000
tonnes of U.S. soft red wheat in an international purchase
    Snow covering much of North Dakota, the United States'
biggest wheat-producing state, could mean a delay in planting
spring wheat if there is a sudden thaw.
    The most active soybean futures were down 0.2 percent
at $8.99-1/4 a bushel, having closed down 0.6 percent on
    The most active corn futures were down 0.3 percent to
$3.76-1/4 a bushel, having closed down 0.7 percent in the
previous session.
    Farmers from Missouri to South Dakota have seen their corn
and soybean fields flooded as winter snow melts, a sign of what
may be in store for North Dakota.
    Traders are awaiting further details from U.S.-China trade
talks. A U.S. trade delegation will visit China starting on
Thursday for the next round of negotiations.
 Grains prices at  0405 GMT
 Contract       Last   Change   Pct chg  Two-day chg   MA 30  RSI
 CBOT wheat   468.50    -0.75    -0.16%       -0.21%  468.14   60
 CBOT corn    376.25    -1.00    -0.27%       -0.92%  374.78   63
 CBOT soy     899.25    -1.50    -0.17%       -0.80%  909.58   47
 CBOT rice     11.25   -$0.01    -0.13%       +0.72%  $10.68   80
 WTI crude     59.99    $0.05    +0.08%       +1.99%  $57.30   70
 Euro/dlr     $1.125  -$0.001    -0.11%       -0.52%             
 USD/AUD      0.7104   -0.003    -0.42%       -0.10%             
 Most active contracts
 Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
 RSI 14, exponential
 (Reporting by Colin Packham; editing by Christian Schmollinger)
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