CANBERRA, June 15 (Reuters) - U.S. corn futures edged higher
on Tuesday, rebounding from a near two-week low touched in the
previous session, after the U.S. Department of Agriculture
pegged the condition of crop below market expectations.
* The most-active corn futures on the Chicago Board Of Trade
were up 0.2% at $6.61-1/4 a bushel, as of 0134 GMT, having
closed down 3.7% in the previous session, when prices hit a June
3 low of $6.53 a bushel.
* The most-active soybean futures were up 0.2% at
$14.75 a bushel, having closed down 2.4% on Monday, when prices
hit an April 21 low of $14.55 a bushel.
* The most-active wheat futures were down 0.8% to
$6.69-3/4 a bushel, having closed down 0.9% on Monday.
* The USDA rated 68% of the U.S. corn crop as good to
excellent, down 4 percentage points from the previous week.
* The USDA rated 62% of the soy crop as good to excellent,
down 5 percentage points.
* Analysts on average had expected a ratings decline of only
3 points for corn and 2 points for soybeans.
* The weather outlook for the U.S. Midwest sees cooler
temperatures and rains late this week, aiding crops.
* The U.S. winter wheat harvest is off to a slow start. The
USDA said 4% of the crop had been cut by Sunday, behind the
average analyst estimate of 10%.
* The dollar hovered below a one-month high compared with
major peers on Tuesday ahead of a much-anticipated Federal
Reserve meeting that could signal a change in the outlook for
U.S. monetary policy.
* Oil prices ended mostly unchanged on Monday, after hitting
their highest levels in more than two years, as growing U.S.
crude production and Britain's delayed COVID-19 reopening
dampened expectations for fuel demand growth and tighter
* Global stock markets were mixed while U.S. Treasury yields
ticked up on Monday, as investors waited for the results of a
Federal Reserve policy meeting before making any major new bets.
(Reporting by Colin Packham; Editing by Subhranshu Sahu)