CANBERRA, Oct 18 (Reuters) - U.S. soybean futures edged
higher on Monday, extending gains into a third session, as
strong demand for U.S. supplies underpinned prices.
* The most active soybean futures on the Chicago Board Of
Trade were up 0.1% at $12.18-1/2 a bushel by 0102 GMT,
having firmed 1% on Friday.
* The most active wheat futures were up 0.1% at $7.35
a bushel, having closed up 1.3% on Friday.
* The U.S. Department of Agriculture (USDA) last week
projected supplies of corn and soybeans higher than market
* U.S. exporters sold soybeans either to China or "unknown
destinations" for a third consecutive day on Friday. U.S.
exporters sold 132,000 tonnes of soybeans to China for the
2021/2022 marketing year, the USDA said on Friday.
* The U.S. soybean crush hit a three-month low in September
and fell below an average of trade estimates, while soyoil
stocks at the end of last month rose for a third straight month,
according to data released by the National Oilseed Processors
Association on Friday.
* The dollar edged lower against a basket of major
currencies on Friday, on track to end its five-week winning
streak, as global risk appetite rebounded, helping reduce demand
for the safe-haven currency.
* Oil prices settled at a three-year high above $85 a barrel
on Friday, boosted by forecasts of a supply deficit in the next
few months as the easing of coronavirus-related travel
restrictions spurs demand.
* Asian shares were on edge on Monday morning ahead of the
release of Chinese economic data for the third quarter, as
investors fret about the health of the world's second-largest
economy even as U.S companies report strong quarterly earnings.
(Reporting by Colin Packham; Editing by Subhranshu Sahu)