Naveen Thukral

GRAINS-Corn rebounds on China demand, though improved crop ratings cap gains

22 Sep 2020

* Soybeans, wheat firm after closing lower in previous session (Adds quote in paragraph 3, updates prices)

METALS-Copper hits over 2-year high on Chinese demand recovery

21 Sep 2020

SINGAPORE, Sept 21 London copper gained more ground on Monday, climbing to its highest in more than two years, as a recovery in China's industrial production underpinned prices.

GRAINS-Soybeans ease from 28-month high, Chinese demand curbs losses

21 Sep 2020

* Wheat near its highest since March on dry weather concerns (Adds quote in paragraph 4, details on fund positions)

GRAINS-Soybeans set for sixth weekly gain as China steps up purchases

18 Sep 2020

* Soybeans up for 3rd straight day, highest since late May 2018

GRAINS-Soybeans at 27-month high on Chinese demand, corn dips

17 Sep 2020

* Soybeans at highest since June 2018 on hopes of strong demand

GRAINS-Soybeans extend decline on lower U.S. crush; corn falls

16 Sep 2020

* Soybeans down for 2nd session as U.S. processing below expectations

GRAINS-Soybeans near 2-year high on Chinese demand, U.S. crop woes

15 Sep 2020

* U.S. government's forecast of lower output underpins prices (Adds quote in paragraph 3, details on China's corn purchases, fund buying)

GRAINS-Soybeans rise above $10/bushel on Chinese demand, corn at 5-month peak

14 Sep 2020

* U.S. cuts corn, soybean harvest outlook after August weather

GRAINS-Soybeans set for fifth weekly gain as China ramps up purchases

11 Sep 2020

* Corn set for positive finish as market eyes USDA forecast (Adds quote in paragraph 3, updates prices)

GRAINS-Soybeans tick down after latest two-year high on Chinese demand

09 Sep 2020

* U.S. soybean crop rating declines less than expected * Market weighs Midwest weather, looks ahead to USDA forecasts * Wheat dips to near 2-week low, corn eases (Updates with European trading, changes byline/dateline) By Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, Sept 9 Chicago soybean futures inched down on Wednesday, consolidating after a latest two-year high fuelled by strong Chinese demand, as attention turned to U.S. crop forecasts later this week. A smaller-than-expected decline in weekly U.S. crop ratings for soybeans encouraged the pause in the rally, which has spanned the last 11 trading sessions, although dry weather in the U.S. Midwest remained a concern. Corn edged lower after two days of gains, with the U.S. Department of Agriculture's (USDA) weekly crop rating for the cereal in line with expectations. Wheat eased for a fifth straight session to a near two-week low as rain relief in Argentina and expectations for large harvests in Russia and Australia tempered recent concerns about global export availability. The most-active soybean contract on the Chicago Board Of Trade was down a quarter of a cent at $9.72-3/4 a bushel by 1037 GMT, after climbing on Tuesday to $9.77, its highest since June 2018. "The market may lose some ground today on profit-taking ahead of Friday's USDA report," consultancy Agritel said. "Yesterday's crop rating (report) was roughly in line with traders' expectations." Grain markets are turning their attention to the USDA's monthly supply-and-demand forecasts scheduled for Sept. 11 to gauge the impact of dry weather and storm damage on U.S. corn and soybean harvest prospects. The agency's weekly crop progress report showed soybean ratings declined to 65% good-to-excellent, down 1 point from a week earlier but less than the 2-point decline analysts, on average, had expected. However, weather forecasts showed little rain relief in the Midwest for the week ahead, while USDA export data continued to indicate brisk sales to China. "China's state-run companies are buying U.S. beans to build food reserves," said one Singapore-based trader. "That has been the key factor driving prices higher." Prices at 1037 GMT Last Change Pct End Ytd Pct Move 2019 Move CBOT wheat 542.75 -1.50 -0.28 558.75 -2.86 CBOT corn 359.50 -2.25 -0.62 387.75 -7.29 CBOT soy 972.75 -0.25 -0.03 955.50 1.81 Paris wheat December 188.50 -0.25 -0.13 188.75 -0.13 Paris maize Nov 166.75 0.25 0.15 174.75 -4.58 Paris rape Nov 383.50 -0.25 -0.07 391.50 -2.04 WTI crude oil 37.59 0.83 2.26 61.06 -38.44 Euro/dlr 1.18 0.00 -0.21 1.1210 4.85 Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne (Reporting by Gus Trompiz in Paris and Naveen Thukral in Singapore; Editing by Subhranshu Sahu and Shailesh Kuber)

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