SYDNEY, Aug 18 (Reuters) - U.S. soybean futures edged lower
on Tuesday, though prices lingered near a seven-month high as
concerns over dry weather supported prices.
* The most active soybean futures on the Chicago Board of
Trade were down 0.1% at $9.14-1/2 a bushel after closing
up 1.8% on Monday when prices their highest since Jan 22.
* The most active corn futures were down 0.2% at $3.44
a bushel after jumping 2% on Monday when prices hit a July 10
high of $3.45 a bushel.
* The most active wheat futures were down 0.2% at
$5.15-1/4 a bushel, having closed up 3.3% on Monday.
* The U.S. Department of Agriculture on Monday said 69% of
the U.S. corn crop is in good-to-excellent condition in its
weekly crop progress report, down two percentage points from a
week ago but just above an average of trade expectations.
* Soybean ratings were at 72% good to excellent, down 2
points from the previous week and in line with trade
* The dollar teetered near milestone lows on Tuesday, after
a triple blow of retreating yields, soft U.S. economic data and
a dip in safe-haven demand exerted broad selling pressure.
* Oil prices edged lower on Tuesday, mostly holding onto
overnight gains after OPEC+ said the producer grouping is almost
fully complying with output cuts to support prices amid a drop
in demand for fuels due to the coronavirus pandemic.
* Asian equities were poised to track Wall Street's tech
fuelled rally on Tuesday that saw the Nasdaq benchmark hit a
fresh record while oil prices perked up on Chinese demand and
hopes Sino-U.S. trade tensions were easing.
(Reporting by Colin Packham; Editing by Shailesh Kuber)