SYDNEY, Nov 18 (Reuters) - U.S. soybean futures edged higher on Wednesday to linger near a more than four-year high hit in the previous session as strong global demand underpinned prices.
FUNDAMENTALS
* The most active soybean futures on the Chicago Board Of Trade were up 0.1% at $11.70-1/2 a bushel by 0209 GMT, having firmed 1.4% on Tuesday - when prices hit a June 2016 high of $11.78-1/4 a bushel.
* The most active corn futures were up 0.2% at $4.21 a bushel, having gained 1% in the previous session.
* The most active wheat futures were down 0.3% at$5.93-1/2 a bushel, having closed down 0.5% on Tuesday.
* Soybeans were supported by strong U.S. and Chinese demand.
* The National Oilseed Processors Association on Monday reported a record-large U.S. soybean crush in October that topped all trade estimates.
* Ukraine had harvested 58.3 million tonnes of grain from 14.4 million hectares, or 94% of the sown area, as of Nov. 16, Ukraine's economy ministry said on Tuesday.
MARKET NEWS
* The safe-haven Japanese yen sat near a one-week high and a steady U.S. dollar held commodity currencies in check, as worries about rising coronavirus cases tempered optimism around promising vaccine trials.
* Oil prices fell after a bigger-than-expected build in U.S. crude stockpiles stoked fears for weak fuel demand and a potential supply glut, but hopes that OPEC and its allies will postpone a planned January increase to oil output braked losses.
* Asian equities were set for a sluggish open, tracking a lower Wall Street session as concerns over rising coronavirus cases and fresh lockdowns dampened the euphoria from vaccine trial breakthroughs.
(Reporting by Colin Packham; Editing by Subhranshu Sahu)
