GRAINS-Soybean Prices Down 1% as US-China Trade War Intensifies | Agricultural products



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      SYDNEY, July 11 (Reuters) - Soybean prices in the United States have fallen 1
percent Wednesday that the trade war between the United States and China has increased with
the planned introduction of new tariffs by Washington.

FOUNDATIONS
* The most active soybean futures on the Chicago Board of
Trade fell 1% to $ 8.63 / 1 a bushel from here 0036
GMT, having closed little changed at the previous session.
* Most active maize futures prices fell 0.7%
at $ 3.58-1 / $ 4 a bushel, after completing the last session down 1.7
percent.
* The most active wheat futures fell from $ 0.6 to $ 4.89 a
bushel, near their lowest price of $ 4.86-1 / 4 a bushel. Corn
closed 3.1 percent Tuesday.
* The Trump administration has raised the stakes of its trade
the war with China Tuesday, saying that he was going to slap 10 percent
customs duties on an additional value of 200 billion dollars of Chinese imports.

* The US Department of Agriculture has reduced its harvest
corn and soybean status assessments only
last week The odds for both cultures remain close to the historical
ups. [nEMNI740T7
* Cooler and wetter weather is expected within six to ten days
perspective. Much of the Midwest corn crop will pollinate
the next few weeks, a time when stressful time can limit
yield potential.
* Spring wheat logs under the USDA's weekly harvest conditions
report were above market expectations, fueling expectations
the agency could increase its forecast of wheat production in the United States in a
monthly report later this week.

MARKET NEWS
* The euro has had an unusually calm start in Asia
Monday, after posting its worst weekly performance in three
months, as investors expect more developments and valuations
downgrades from Europe.
* Oil fell slightly on Friday, posting a
second consecutive weekly loss as a warning on Europe's debt
crisis and end-of-year positioning continued to spur sales in
gatherings.
* A rally in US stocks fizzled, leaving the main clues with
modest gains Friday, while Wall Street was torn between hope
that the US economic data signal better times and fear
The European debt crisis will engulf the world's economies.

Cereal prices at 0036 GMT
Contract Last change Pct chg Two days chg MA 30 RSI
Wheat CBOT 489.00 -3.00 -0.61% -3.74% 511.25 45
CBOT corn 358.25 -2.50 -0.69% -2.38% 383.23 34
CBOT Soy 863.25 -8.25 -0.95% -1.00% 935.76 37
CBOT Rice 11.82 - 0.07 $ -0.59% -2.39% 11.72 $ 42
Gross WTI 73.84 - 0.27 $ -0.36% -0.01% 68.86 67
Currencies
Euro / dlr $ 1.173 - $ 0.001 -0.10% -0.16%
USD / AUD 0.7442 -0.004 -0.48% -0.59%
The most active contracts
Wheat, corn and soybeans US cents / bushel. Rice: USD per quintal
RSI 14, exponential



(Report by Colin Packham
Edited by Joseph Radford)
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