SYDNEY, Dec 4 (Reuters) - U.S. soybeans edged lower on
Friday and were on course to record their first weekly loss in
more than a month as rains across South America eased concerns
about crops in Brazil.
* The most active soybean futures on the Chicago Board Of
Trade were down more than 2% for the week, on track for
their first weekly loss in five weeks.
* Soybeans were down 0.2% to $11.65-1/4 a bushel by 0147
GMT, having firmed 1.3% on Thursday.
* The most active corn futures were down nearly 2% for
the week, the first weekly loss in five weeks.
* The most active wheat futures were down nearly 4%
for the week, the first weekly loss in three weeks.
* Consultancy Celeres on Thursday lowered its forecast for
Brazil's soybean crop to 129.5 million tonnes from 133.95
* Statistics Canada expects total 2020/21 Canadian wheat
production at 35.2 million tonnes, the country's biggest crop in
* The euro was headed for its best week in a month on Friday
and has blown past major resistance levels as investors piled
into bets the U.S. dollar has further to fall as the world
begins to emerge from the COVID-19 pandemic.
* Oil prices rose, heading for a fifth week of gains, after
major producers agreed to continue to restrain production to
cope with coronavirus-hit demand but the compromise fell short
* Investors in Asia geared up for modest stock gains on
Friday as U.S. legislators wrangled over a fiscal stimulus and
negotiations over a Brexit trade deal continued.
(Reporting by Colin Packham; Editing by Subhranshu Sahu)