Edition:
United States

Colin Packham

Australian police charge three men over plot to undertake 'mass' attack

1:14am EST

SYDNEY Police said on Tuesday they arrested three men who were allegedly preparing to attack a "mass gathering" in Melbourne, less than two weeks after a man was killed in Australia's second-largest city in what police said was an act of terrorism. | Video

GRAINS-Soybeans edge higher; prolonged U.S.-China trade war woes cap gains

12:00am EST

* Soybeans hit near two-week low on Monday * Corn firms, wheat falls By Colin Packham SYDNEY, Nov 20 U.S. soybean futures edged higher on Tuesday, rebounding from a near two-week low touched in the previous session, though gains were checked amid fears of a prolonged U.S.-China trade war. Corn edged higher, rebounding from a near one-month low, while wheat fell. The most active soybean futures on the Chicago Board Of Trade were up 0.1 percent to $8.74-1/2 a bushel, as of 0438 GMT, after closing down 2.1 percent on Monday when prices fell to $8.71-1/4 a bushel - their lowest since Nov. 8. Despite edging higher, traders and analysts said gains were capped amid a growing divide between the United States and China demonstrated at a regional summit in Papua New Guinea over the weekend. "Snipes, snubs and snares between the two nations at the APEC summit means the mood is a little sour," said Tobin Gorey, director of agricultural strategy, Commonwealth Bank of Australia. "U.S. soybeans are hurt by this, but Brazil soybeans gain." The most active corn futures climbed 0.3 percent to $3.63-1/4 a bushel, after closing down 0.7 percent in the previous session at $3.61-1/4 a bushel - their lowest since Oct. 25. The most active wheat futures slipped 0.2 percent to $4.97-1/2 a bushel, having closed down 1.6 percent on Monday. Analysts said wheat continues to remain under pressure amid weak demand for U.S. supplies. U.S. export prospects have been dented amid ample production in Russia. Grains prices at 0438 GMT Contract Last Change Pct chg Two-day chg MA 30 CBOT wheat 497.50 -1.00 -0.20% -1.83% 508.03 CBOT corn 363.25 1.00 +0.28% -0.41% 368.87 CBOT soy 874.50 0.75 +0.09% -1.99% 876.40 CBOT rice 10.77 $0.00 +0.00% -1.10% $10.85 WTI crude 57.09 -$0.11 -0.19% +1.12% $64.53 Currencies Euro/dlr $1.144 -$0.001 -0.06% +0.23% USD/AUD 0.7268 -0.002 -0.34% -0.90% Most active contracts Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight RSI 14, exponential (Reporting by Colin Packham; Editing by Rashmi Aich)

In APEC host Papua New Guinea, China and the West grapple over strategic port

Nov 14 2018

SYDNEY/BEIJING When Papua New Guinea Prime Minister Peter O'Neill flagged the possibility of China bankrolling a port development off his country's northern coast in June, the consternation in neighboring Australia set off a lightening-fast response.

RPT-Making waves in West, China luring Pacific islands with Belt and Road

Nov 14 2018

WELLINGTON/SYDNEY, Nov 14 President Xi Jinping will showcase China's Belt and Road initiative to Pacific leaders at a regional summit on Friday, diplomats say, with Western countries watching warily for signs of Beijing's growing clout.

Making waves in West, China luring Pacific islands with Belt and Road

Nov 14 2018

WELLINGTON/SYDNEY President Xi Jinping will showcase China's Belt and Road initiative to Pacific leaders at a regional summit on Friday, diplomats say, with Western countries watching warily for signs of Beijing's growing clout.

GRAINS-Soybeans edge higher as U.S. harvest pace lags

Nov 14 2018

* USDA pegs soybean harvest behind market expectations * Corn edges higher, wheat little changed By Colin Packham SYDNEY, Nov 14 U.S. soybean futures edged higher on Wednesday after the U.S. Department of Agriculture pegged the pace of the harvest behind market forecasts. Corn also rose, rebounding from losses of more than 1 percent in the previous session, while wheat was little changed. The most active soybean futures on the Chicago Board Of Trade added 0.2 percent to $8.80-1/4 a bushel by 0438 GMT, having closed down 0.6 percent on Tuesday. Analysts said soybeans had drawn support from the latest estimates of the U.S. harvest. "The USDA report on harvest pace is driving the market today," said a Melbourne-based grains trader, who declined to be named as he is not authorised to talk to the media. The USDA said 88 percent of the soybean harvest is complete and 84 percent of corn has been harvested, both lagging analysts' forecasts. Soybeans were also supported by a USDA report of private sales of 276,732 tonnes of U.S. soybeans to unknown destinations. Traders are watching for signs of any thawing in the U.S.-China trade war. South American farmers are currently expected to ramp up planting in order to capitalise on demand from Beijing. The most active wheat futures were little changed at $5.08 a bushel, having closed down 2.3 percent on Tuesday. The most active corn futures were up 0.1 percent at $3.67 a bushel, having closed down 1.3 percent in the previous session when prices hit a low of $3.65-1/2 a bushel, the lowest since Nov. 2. The USDA said 84 percent of the U.S. corn crop has been harvested, behind market forecasts. Grains prices at 0438 GMT Contract Last Change Pct chg Two-day chg MA 30 CBOT wheat 508.00 0.25 +0.05% -2.26% 510.18 CBOT corn 367.00 0.50 +0.14% -1.14% 369.17 CBOT soy 880.25 2.00 +0.23% -0.34% 875.75 CBOT rice 10.90 -$0.01 -0.05% +2.64% $10.88 WTI crude 55.43 -$0.26 -0.47% -7.51% $66.87 Currencies Euro/dlr $1.129 $0.000 +0.00% +0.64% USD/AUD 0.7219 0.000 +0.03% +0.66% 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)

GRAINS-Wheat slips from 3-week high, soybeans rise

Nov 12 2018

* Wheat falls after rallying more than 3 pct on Monday * Corn edges lower, soybeans firm By Colin Packham SYDNEY, Nov 13 U.S. wheat futures edged lower on Tuesday retreating from a three-week high touched in the previous session, but concerns over global production amid adverse weather in several major exporting countries capped the losses. Corn fell too following the lead of wheat, while soybeans edged higher. The most active wheat futures on the Chicago Board Of Trade were down 0.4 percent at $5.17-3/4 a bushel, as of 0344 GMT. In the previous session, wheat futures closed 3.3 percent firmer, when prices hit $5.20-3/4 a bushel, the highest since Oct. 20. Traders and analysts said wheat had drawn strong support amid expectations for an upturn in demand for U.S. supplies and fears over the crop in Argentina, though many said this was overblown. "The market is discussing the less-than-ideal conditions for 2019 winter crops in several parts of the world," said Tobin Gorey, director of agricultural strategy, Commonwealth Bank of Australia. "Plenty of things need to keep going wrong before people cut their crop estimates," he added. The most active corn futures slipped 0.3 percent to $3.70-1/4 a bushel, after ending 0.4 percent higher in the previous session. The most active soybean futures were up 0.3 percent at $8.85-3/4 a bushel, having closed down 0.5 percent on Monday. Soybeans remained mixed as traders mull the U.S. Department of Agriculture's Nov. 8 forecast for U.S. soybean stocks to rise to 955 million bushels by the end of the 2018/19 marketing year following a record-large harvest and as a trade fight with China limits exports. Grains prices at 0344 GMT Contract Last Change Pct chg Two-day chg MA 30 CBOT wheat 517.75 -2.00 -0.38% +3.14% 510.76 CBOT corn 370.25 -1.00 -0.27% +0.14% 369.22 CBOT soy 885.75 2.50 +0.28% -0.11% 875.81 CBOT rice 10.65 $0.00 +0.00% +0.14% $10.87 WTI crude 59.22 -$0.71 -1.18% -1.61% $67.69 Currencies Euro/dlr $1.125 $0.003 +0.25% -0.79% USD/AUD 0.7207 0.004 +0.49% -0.24% Most active contracts Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight RSI 14, exponential (Reporting by Colin Packham; Editing by Rashmi Aich)

Australia's cyber security chief says Austal defense hack investigation may take years

Nov 12 2018

SYDNEY Australia's chief cyber security chief said on Tuesday an investigation into the hacking of defense contractor Austal Ltd could take years, rejecting a local media report that his agency had concluded the attack originated from Iran.

China shuns rivalry in Pacific as Australia says 'this is our patch'

Nov 08 2018

BEIJING/SYDNEY Beijing and Canberra should be cooperating in the South Pacific and not be cast as strategic rivals, China's top diplomat said on Thursday, after Australia launched a multi-billion dollar fund to counter China's rising influence in the region. | Video

GRAINS-Soybeans fall ahead of widely watched USDA forecast

Nov 07 2018

SYDNEY, Nov 8 U.S. soybeans futures edged lower on Thursday as the market nervously awaited the latest U.S. Department of Agriculture supply and demand forecast due later in the session.

World News