SINGAPORE, Jan 21 (Reuters) - Chicago soybeans ticked higher
on Thursday, having slid for the last three sessions on pressure
from technical selling and rains across South America easing
Wheat and corn prices gained ground with additional support
from broad-based gains in world markets, lifted by expectations
that newly inaugurated U.S. President Joe Biden would put in
place further economic stimulus.
* The Chicago Board of Trade (CBOT) most-active soybean
contract added 0.7% to $13.79 a bushel, as of 0112 GMT.
The market dropped to its lowest since Jan. 8 at $13.52 a bushel
in the last session.
* Wheat rose 0.5% to $6.70-3/4 a bushel and corn
gained 1.1% to $5.27-3/4 a bushel.
* Soybeans could face increased volatility as markets look
for direction before the South American harvest begins in force.
* China's soybean imports from the United States rose by
52.8% in 2020 from a year earlier, customs data showed on
Wednesday, though the stepped up buying likely fell short of
what was needed to fulfil last year's trade deal between the
* The world's top soybean buyer last year brought in 25.89
million tonnes of the oilseed from the U.S., its second-largest
supplier, up from 16.94 million tonnes in 2019.
* Argentine farmers have dramatically increased sales from
the upcoming 2020/21 corn harvest, due to concern the government
may yet again try to limit international sales.
* The agriculture ministry has caused uncertainty by going
back and forth in recent weeks on policies seeking to ensure
ample food supplies by limiting international shipments of corn.
Argentina is the world's No. 3 exporter of the grain.
* Wheat was supported by impending Russian export taxes,
though expected rainfall across the United States limited gains.
* Asian markets were set to rise on Thursday after U.S.
stocks closed at record highs on hopes newly inaugurated U.S.
President Joe Biden would put in place further economic stimulus
to offset damage wreaked by the COVID-19 pandemic.
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(Reporting by Naveen Thukral; Editing by Krishna Chandra Eluri)