SYDNEY, Aug 5 U.S. new-crop soybeans dipped on
Tuesday after the U.S. Department of Agriculture said the
condition of the crop was above market expectations.
* Chicago Board Of Trade November soybeans fell 0.5
percent to $10.74 a bushel, having firmed 2 percent on
Wednesday. Soybeans remain just above contract lows.
* September wheat rose 0.1 percent to $5.44-3/4 a
bushel, having closed up 1.8 percent on Monday when the grain
hit a two-week high of $5.53-1/4 a bushel
* December corn fell 0.3 percent to $3.68 a bushel,
having firmed 1.9 percent in the previous session.
* Soybeans were 71 percent good-to-excellent, unchanged from
a week ago and up from 64 percent from a year ago. The results
beat analysts' expectations of 70 percent good-to-excellent,
according to the average of estimates in a Reuters poll.
* Good-to-excellent ratings for corn stood at 73 percent as
of Aug. 3, down 2 percentage points from a week earlier.
Analysts on average had been expecting corn's good-to-excellent
ratings to come in at 74 percent. Corn was rated 64 percent
good-to-excellent a year ago.
* Spring wheat ratings also held steady at 70 percent
good-to-excellent. The spring wheat crop was rated 68 percent
good-to-excellent a year ago.
* Repeated rain that has spoiled part of the French wheat
crop is threatening to cause quality problems in Germany and
Poland, increasing the likelihood the European Union will have
more feed wheat and less milling crop to sell this season.
* Commodity brokerage INTL FCStone on Monday
estimated U.S. 2014 corn production at 14.455 billion bushels,
with an average yield of 172.4 bushels per acre.
* The U.S. dollar was stuck below a 10-1/2 month peak
against a basket of major currencies early on Tuesday, having
lapsed into uneventful trade in the usual post-payrolls data
* Oil prices on both sides of the Atlantic climbed on
Monday, as investors shifted their attention from worries about
swelling supplies to concerns about ongoing violence in Libya
and other global hotspots.
* U.S. stocks closed higher on Monday, lifted in a late
rally driven by earnings from Warren Buffett's Berkshire
Hathaway and broad gains across most sectors that helped the S&P
500 rebound from its largest weekly drop since 2012.
DATA AHEAD (GMT)
0145 China HSBC Services PMI July
0750 France Markit Services PMI July
0755 Germany Markit Services PMI July
0800 Euro zone Markit Services PMI July
0900 Euro zone Retail sales June
1400 U.S. Durable goods orders June
1400 U.S. Factory orders June
1400 U.S. ISM-non manufacturing PMI July
1400 U.S. IBD economic optimism Aug
Grains prices at 0027 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 544.75 0.75 +0.14% +1.97% 548.58 59
CBOT corn 368.00 -1.25 -0.34% +1.59% 392.83 31
CBOT soy 1074.00 -5.50 -0.51% +1.46% 1114.16 48
CBOT rice $13.07 $0.05 +0.38% +0.65% $13.43 35
WTI crude $98.31 $0.02 +0.02% +0.44% $102.55 23
Euro/dlr $1.342 $0.000 -0.01% -0.07%
USD/AUD 0.933 -0.001 -0.08% +0.20%
Most active contracts
Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
RSI 14, exponential
(Reporting by Colin Packham; Editing by Richard Pullin)