SINGAPORE, June 16 (Reuters) - Chicago soybean futures rose
on Thursday with the market gaining for the first time in five
sessions on bargain-buying, although forecasts of improved
weather in parts of the U.S. Midwest kept a lid on prices.
Wheat gained ground after closing largely unchanged on
* The most-active soybean contract of the Chicago Board of
Trade (CBOT) climbed 0.5% to $17.02 a bushel, as of 0017
GMT. Wheat rose 0.8% to $10.58-1/2 a bushel and corn
gained 0.3% at $7.76 a bushel.
* Corn and soybean traders were monitoring a hot spell in
the Midwest, where the planting of both crops is nearly complete
after a slow start due to cool, wet weather in April and May.
* For wheat, weather forecasts in the southern Plains hard
red winter wheat belt called for "favourably dry" conditions,
the Commodity Weather Group said.
* Russia on Wednesday said it has offered "safe passage" for
Ukraine grain shipments from Black Sea ports but is not
responsible for establishing the corridors and Turkey suggested
that ships could be guided around sea mines.
* Ukrainian grain shipments have stalled since Russia's
invasion and ports blockade, stoking global prices for grains,
cooking oils, fuel and fertilizer.
* The United Nations is trying to broker a deal to resume
Ukraine exports and Russian food and fertilizer exports, which
Moscow says are harmed by sanctions.
* Egypt's imports of Russian wheat rose 84% in March-May
from the same period last year, freight data showed, even though
traders said there were some complications around payment and
* Egypt, one of the world's top wheat importers, has become
heavily reliant on Russian and Ukrainian grain in recent years.
* Commodity funds were net buyers of CBOT soymeal futures
contracts on Wednesday, net sellers of soybean, soyoil and wheat
futures, and net even in corn, traders said.
* Global stocks rallied and government bond yields and the
dollar retreated from multi-year highs on Wednesday as investors
cheered the Federal Reserve's decision to raise interest rates
by three-fourths of a percentage point, the biggest increase
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(Reporting by Naveen Thukral; Editing by Rashmi Aich)