Edition:
India

Colin Packham

GRAINS-Wheat slips from 3-week high, soybeans rise

9:38am IST

* Wheat falls after rallying more than 3 pct on Monday * Corn edges lower, soybeans firm By Colin Packham SYDNEY, Nov 13 U.S. wheat futures edged lower on Tuesday retreating from a three-week high touched in the previous session, but concerns over global production amid adverse weather in several major exporting countries capped the losses. Corn fell too following the lead of wheat, while soybeans edged higher. The most active wheat futures on the Chicago Board Of Trade were down 0.4 percent at $5.17-3/4 a bushel, as of 0344 GMT. In the previous session, wheat futures closed 3.3 percent firmer, when prices hit $5.20-3/4 a bushel, the highest since Oct. 20. Traders and analysts said wheat had drawn strong support amid expectations for an upturn in demand for U.S. supplies and fears over the crop in Argentina, though many said this was overblown. "The market is discussing the less-than-ideal conditions for 2019 winter crops in several parts of the world," said Tobin Gorey, director of agricultural strategy, Commonwealth Bank of Australia. "Plenty of things need to keep going wrong before people cut their crop estimates," he added. The most active corn futures slipped 0.3 percent to $3.70-1/4 a bushel, after ending 0.4 percent higher in the previous session. The most active soybean futures were up 0.3 percent at $8.85-3/4 a bushel, having closed down 0.5 percent on Monday. Soybeans remained mixed as traders mull the U.S. Department of Agriculture's Nov. 8 forecast for U.S. soybean stocks to rise to 955 million bushels by the end of the 2018/19 marketing year following a record-large harvest and as a trade fight with China limits exports. Grains prices at 0344 GMT Contract Last Change Pct chg Two-day chg MA 30 CBOT wheat 517.75 -2.00 -0.38% +3.14% 510.76 CBOT corn 370.25 -1.00 -0.27% +0.14% 369.22 CBOT soy 885.75 2.50 +0.28% -0.11% 875.81 CBOT rice 10.65 $0.00 +0.00% +0.14% $10.87 WTI crude 59.22 -$0.71 -1.18% -1.61% $67.69 Currencies Euro/dlr $1.125 $0.003 +0.25% -0.79% USD/AUD 0.7207 0.004 +0.49% -0.24% Most active contracts Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight RSI 14, exponential (Reporting by Colin Packham; Editing by Rashmi Aich)

Australia's cyber security chief says Austal defense hack investigation may take years

6:32am IST

SYDNEY Australia's chief cyber security chief said on Tuesday an investigation into the hacking of defense contractor Austal Ltd could take years, rejecting a local media report that his agency had concluded the attack originated from Iran.

China shuns rivalry in Pacific as Australia says "this is our patch"

08 Nov 2018

BEIJING/SYDNEY Beijing and Canberra should be cooperating in the South Pacific and not be cast as strategic rivals, China's top diplomat said on Thursday, after Australia launched a multi-billion dollar fund to counter China's rising influence in the region. | Video

GRAINS-Soybeans fall ahead of widely watched USDA forecast

08 Nov 2018

SYDNEY, Nov 8 U.S. soybeans futures edged lower on Thursday as the market nervously awaited the latest U.S. Department of Agriculture supply and demand forecast due later in the session.

UPDATE 2-Australia launches $1.5 bln Pacific fund to counter China's influence

08 Nov 2018

* Pacific policy aims at countering China-analysts (Adds Australian PM quotes, analysts, details)

GRAINS-Wheat falls from one-week high as risk-off sentiment prevails

07 Nov 2018

SYDNEY, Nov 7 U.S. wheat futures edged lower on Wednesday, retreating from a more than one-week high touched in the previous session, though fears about the condition of the North American crop provided a floor to losses.

Australian foreign minister to visit China as frosty relations thaw

05 Nov 2018

SYDNEY/BEIJING Australian Foreign Minister Marise Payne will travel to China this week, the two governments announced on Monday, as China ended an unofficial suspension for more than six months of visits by top Australian government ministers.

Insight: China's boulevard to nowhere: The battle for influence in APEC's Pacific host

05 Nov 2018

SYDNEY Workers are putting the finishing touches on a Beijing-funded boulevard designed to showcase Papua New Guinea's (PNG) capital to visiting world leaders at this month's Asia-Pacific Economic Cooperation forum. | Video

Minority Australian government confirmed as critical by-election result announced

05 Nov 2018

SYDNEY Australia's conservative government has lost its parliamentary majority after an independent candidate was on Monday confirmed the winner in a critical by-election.

Australia, with wary eye on China, to help PNG develop a navy base

01 Nov 2018

SYDNEY Australia is to help Papua New Guinea develop a navy base and train police, Prime Minister Scott Morrison said on Thursday, the latest Australian action to protect its interests in the Pacific in the face of a more assertive China.

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