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Soybeans edge higher, rebound from 2018 low

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)

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