CANBERRA, June 17 (Reuters) - U.S. soybean futures fell for
a seventh consecutive session on Thursday as a strong dollar
pushed prices to a two-month low.
* The most-active soybean futures on the Chicago Board of
Trade were down 0.4% to $14.42-3/4 a bushel by 0156 GMT,
near the session low of $14.35-3/4 a bushel - the lowest since
April 19. Soybeans closed down 1.2% on Wednesday.
* Corn futures were down 1.2% to $6.65 a bushel,
having closed up 0.8% in the previous session.
* Wheat futures were little changed at $6.63 a bushel,
having closed down 1.9% on Wednesday.
* Market digests reports that the U.S. Environmental
Protection Agency is considering ways to provide relief to U.S.
oil refiners from mandates requiring the blending of biofuels
including soy-based biodiesel.
* Forecasts for improving weather in the U.S. Midwest crop
belt pressured soybean and deferred corn futures, despite a drop
in U.S. condition ratings for both crops this week.
* The dollar rose to its highest level in almost two months
versus major peers on Thursday after the Federal Reserve brought
forward its projections for the first post-pandemic interest
rate hikes into 2023, citing an improved health situation and
dropping a long-standing reference that the crisis was weighing
on the economy.
* Crude oil prices fell on a stronger U.S. dollar, but
losses were limited by a big drop in crude oil inventories in
the United States, the world's top oil consumer.
(Reporting by Colin Packham)