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SYDNEY, July 17 (Reuters) - US soybeans rose 1 percent Tuesday to reach a five-day high as the US Department of Agriculture said that the state of the culture was behind the market expectations. FOUNDATIONS * The most active soybean futures on the Chicago Board Of Trade was up 1 percent to $ 8.54 / 1/4 a bushel per 0059 GMT, close to the high session of 8.55-1 / 2 $ a bushel - the highest since July 12th. Soybeans closed up 1.4 percent in the previous session. * The most active corn futures increased by 1.2 percent $ 3.59-1 / $ 2 a bushel, gaining 0.1 percent in the previous session. * The most active wheat futures increased by 0.5% $ 4.91 a bushel, after closing 1.7 percent Monday. * The USDA said that 72 percent of the US corn crop is in good in excellent condition, behind the expectations of the market. * The USDA said that 69% of the soybean crop in the United States is in good to excellent condition, slightly below market forecast. * The USDA said that 74% of the winter wheat crop has been harvested, slightly behind badysts' forecasts. * The trade war between the United States and China has put pressure on soybeans - considered the most precious agricultural export from the United States to China, the world's summit oilseed buyer. * Chinese buyers have loaded on Brazil soybeans, instead of the United States, because of tariffs on American soybeans which were threatened for weeks and promulgated on July 6th. * Sunday, however, the best US Republican lawmaker overseeing trade policies called for a meeting between Trump and Chinese Premier Xi Jinping to ease tensions. MARKET NEWS * The dollar fell on Monday as investors parse long bets on the greenback and rebalanced their positions before federal First testimony of the president of the reserve, Jerome Powell. * Oil prices fell more than 4% on Monday, with Brent reached its lowest level in three months as Libyan ports reopened traders watched potential increases in supply by Russia and others producers. * The S & P 500 ended slightly lower on Monday after a lower oil prices that weighed on energy stocks and offset a jump in the financial as the results of the Bank of America strengthened the expectations of a good season of results in the United States. Cereals prices at 0059 GMT Contract Last change Pct chg Two days chg MA 30 RSI Wheat CBOT 491.00 2.50 + 0.51% -1.21% 504.98 51 Corn CBOT 359.50 4.25 + 1.20% + 1.34% 375.80 51 CBOT soya 854.25 8.50 + 1.01% + 2.40% 909.59 42 Rice CBOT 12.02 - $ 0.03 -0.25% + 0.25% $ 11.82 54 Gross WTI 68.12 $ 0.06 + 0.09% -4.07% $ 69.13 31 Currencies Euro / dlr $ 1,171 0,000 -0.03% + 0.17% USD / AUD 0.7411 -0.001 -0.09% -0.16% The most active contracts Wheat, corn and soybeans US cents / bushel. Rice: USD per quintal RSI 14, exponential (Report by Colin Packham)
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