U.S. soybean futures edged higher, rebounding from a three-month low touched in the
previous session, although gains were checked amid concerns over the outlook for a trade deal between Washington and Beijing.
FUNDAMENTALS
* The most active soybean futures on the Chicago Board Of Trade were up 0.1 percent at $8.88 a bushel by 0136 GMT,
having closed down 1.5 percent on Wednesday when prices hit $8.86 a bushel - the lowest since Dec 28.
* The most active corn futures were down 0.3 percent to $3.72-3/4 a bushel, having closed down 0.9 percent in the
previous session when prices fell to $3.72 a bushel - the lowest since March 21.
* The most active wheat futures were down 0.5 percent at $4.67 a bushel, having closed unchanged on Wednesday.
* A U.S. trade delegation will begin a visit to China on Thursday for the next round of negotiations to resolve a trade
dispute that has disrupted U.S. soybean exports.
* The prospect of farmers switching acreage from corn to later-planted soybeans because of waterlogged conditions has
weighed on soybeans ahead of Friday's USDA planting estimates.
* Traders continue to monitor heavy snow pack in the northern U.S. Plains which could delay planting of spring wheat
if there is a sudden thaw that could cause flooding.
MARKET NEWS
* The dollar rose on Thursday as many of its peers weakened after more central banks opted to shift to a dovish policy
stance in the wake of deteriorating economic prospects.
* Oil prices fell on Thursday, extending losses into a second straight session, after widely watched data showed a
surprising increase in U.S. stocks.
* U.S. stocks eased on Wednesday as Treasury bond yields fell again and a prolonged inversion in the yield curve fanned
fears of a U.S. economic slowdown.
Grains prices at 0136 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 467.00 -2.50 -0.53% -0.48% 466.17 56
CBOT corn 372.75 -1.00 -0.27% -1.19% 374.21 51
CBOT soy 888.00 0.50 +0.06% -1.42% 907.80 36
CBOT rice 11.13 -$0.02 -0.18% -1.20% $10.70 68
WTI crude 59.15 -$0.26 -0.44% -1.32% $57.45 57
Currencies
Euro/dlr $1.125 $0.000 +0.03% -0.12%
USD/AUD 0.7085 0.000 +0.01% -0.69%
Most active contracts
Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
RSI 14, exponential
Source: Reuters (Reporting by Colin Packham; editing by Richard Pullin)