CANBERRA, July 26 (Reuters) - U.S. soybean futures fell 1%
to hit a two-week low on Monday as updated weather models called
for more favourable weather in the coming weeks, easing concerns
* The most active soybean futures on the Chicago Board Of
Trade were down 1.1% at $13.36-1/2 a bushel by 0146 GMT,
near the session low of $13.35-1/4 a bushel. Soybeans fell 0.8%
* The most active corn futures fell 0.7% to $5.39-1/2
a bushel, having closed down 3.3% in the previous session.
* The most active wheat futures were down 1% at
$6.77-1/2 a bushel, having closed up 1.2% on Friday.
* Weather models indicate cooler weather across key U.S.
growing regions, aiding soybeans and corn crops.
* China's soybean imports are set to slow sharply in late
2021 from a record first-half tally, confounding expectations
for sustained growth from the top global buyer and denting
market sentiment just as U.S. farmers look to sell their new
* Russia's agriculture ministry said yields from the harvest
of the country's wheat crop averaged 3.45 tonnes per hectare as
of July 20, down from 3.47 tonnes a year earlier.
* The U.S. dollar hovered near its strongest level since
early April against the euro on Monday, as financial markets
looked ahead to the Federal Open Market Committee (FOMC) meeting
this week for clues on the timing of stimulus tapering.
* Oil prices edged higher on Friday and for the week after a
strong recovery from Monday's steep slide, underpinned by
expectations that supply will remain tight through the year.
* Asian shares struggled to rally on Monday as super-strong
U.S. corporate earnings sucked funds out of emerging markets and
into Wall Street, where records were falling almost daily.
(Reporting by Colin Packham; Editing by Ramakrishnan M.)