Edition:
United Kingdom

Naveen Thukral

GRAINS-Corn eases from 3-1/2-month top as demand concerns cap prices

02 Jul 2020

* Corn dips after four sessions of gains driven by lower U.S. planting

GRAINS-Corn at 3-1/2-month high as lower U.S. planting buoys prices

01 Jul 2020

* Corn gains for 4th consecutive session to highest since March 20

GRAINS-Soybeans set for first monthly gain in four, China demand supports

30 Jun 2020

* Chinese buying of U.S. cargoes supported beans in recent weeks

GRAINS-Corn firms on technicals, gains capped by strong U.S. harvest outlook

29 Jun 2020

* Expectations of bumper U.S. harvest seen keeping lid on prices (Adds technicals chart, quote in paragraph 3, CFTC report)

GRAINS-Corn set for weekly loss on favourable U.S. crop weather

26 Jun 2020

* Rains across U.S. Midwest seen boosting corn, soy production * IGC raises forecasts for 2020/21 global wheat, corn crops * Grain markets turn focus to USDA June 30 acreage, stocks reports (Updates with European trading, changes byline/dateline) By Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, June 26 Chicago corn futures steadied on Friday after a six-week low in the previous session, but stayed on course for a weekly drop as crop-friendly U.S. weather reinforced expectations of a bumper harvest. Soybeans edged lower as favourable growing conditions in the U.S. Midwest also curbed the oilseed market. Wheat inched down as it remained capped by improving prospects for northern hemisphere harvests, although it was set to rise over the week after hitting a nine-month low last Friday. Grain markets were also turning their attention towards U.S. Department of Agriculture planting and stocks estimates next Tuesday. Analysts are expecting, on average, the USDA to show a modest shift from corn to soybeans compared with the agency's previous area projections. "Crop conditions in the U.S. corn belt are pretty good and likewise for corn in Ukraine," Nathan Cordier of consultancy Agritel said. "With the big supply coming in corn, even with a reduced U.S. plantings estimate the market is going to be heavy." The most-active corn contract on the Chicago Board Of Trade was up 0.2% at $3.28-3/4 a bushel, as of 1115 GMT. CBOT wheat was down 0.2% at $4.87-1/4 a bushel while CBOT soybeans inched down 0.1% to $8.67-3/4. Forecasts of rains across the U.S. Midwest have supported prospects of a large harvest, although latest weather outlooks also showed high temperatures expanding to part of the belt next week. The International Grains Council on Thursday raised its forecast for global wheat and corn production. In soybeans, traders were continuing to assess exports to China, setting a run of recent U.S. sales for next season against large Chinese purchases of Brazilian soybeans for this season. Prices at 1115 GMT Last Change Pct End Ytd Pct Move 2019 Move CBOT wheat 487.25 -1.00 -0.20 558.75 -12.80 CBOT corn 328.75 0.75 0.23 387.75 -15.22 CBOT soy 867.75 -0.50 -0.06 955.50 -9.18 Paris wheat December 180.00 0.00 0.00 188.75 -4.64 Paris maize Aug 166.00 0.25 0.15 180.00 -7.78 Paris rape Aug 372.50 -2.25 -0.60 411.50 -9.48 WTI crude oil 39.04 0.32 0.83 61.06 -36.06 Euro/dlr 1.12 0.00 0.06 1.1210 0.12 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 Sherry Jacob-Phillips and Louise Heavens)

GRAINS-Corn futures set for weekly loss on favourable U.S. crop weather

26 Jun 2020

* China's May soybean imports from Brazil hit highest monthly total in 2 years (Adds quote in paragraph, details on China soybean imports)

GRAINS-Corn drops for 4th session as U.S. weather boosts crop prospects

25 Jun 2020

* Expectations of large U.S. output amid crop-friendly weather

GRAINS-Corn falls for 3rd session on U.S. weather, demand worries

24 Jun 2020

* Corn down as crop-friendly U.S. weather boosts yield outlook

GRAINS-Corn drops to near 3-week low on improved U.S. crop rating

23 Jun 2020

* U.S. corn rated 72% good-excellent, soybeans 70% -USDA (Recasts with new milestone, adds quote in paragraph 3)

GRAINS-Soybeans ease after rally, hopes of Chinese demand limit losses

22 Jun 2020

* Wheat eases on U.S. harvest progress, corn falls after rally (Adds quote in paragraph 3, speculators position; updates prices)

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