SINGAPORE, Jan 22 (Reuters) - Chicago soybean futures slid
more than 1% on Friday, with the market poised for its first
weekly decline in more than a month, as rains in South American
key growing areas eased worries about global supply.
Corn and wheat prices were also set for weekly drop.
The Chicago Board of Trade (CBOT) most-active soybean
contract fell 4.5% this week, after closing firmer for the
last five weeks. The market was down 1.2% at $13.52-1/4 a
bushel, as of 0134 GMT.
* Corn dropped 2.5% so far this week, its first
decline in seven weeks while wheat has lost 3.4% this week
after ending the previous week on a positive note.
* Argentine soybean and corn planting sped forward over the
last week, helped by rain that moistened fields parched by
months of dry weather, the Buenos Aires Grains Exchange said on
* More moisture was needed over the short term to ensure
good yields for the 2020/21 crop, the exchange said in a report.
* Losses in soybean market were limited by private sales of
136,000 tonnes of U.S. cargoes to China and 163,290 tonnes to
Mexico, both for shipment in the 2020/21 season, according to
the U.S. Department of Agriculture.
* Corn also benefited from export sales, as the USDA
reported private sales of 336,500 tonnes of the U.S. corn to
unknown destinations for shipment in the 2020/21 season.
* Ukrainian milling wheat export prices exceeded $300 per
tonne on Wednesday, supported by a sharp upward trend in Russia,
analyst APK-Inform said on Thursday.
* Russia said the country's wheat export prices rose sharply
last week ahead of a new export tax imposed by one of the
world's largest wheat exporters from mid-February.
* Asian investors were expecting a mixed day of trading
after Wall Street peaked on Thursday, pushed upward by continued
optimism about economic stimulus to counteract the COVID-19
pandemic promised by newly inaugurated U.S. President Joe Biden.
0700 UK Retail Sales MM, YY Dec
0700 UK Retail Sales Ex-Fuel MM Dec
0815 France Markit Mfg, Serv, Comp Flash PMIs Jan
0830 Germany Markit Mfg, Serv, Comp Flash PMIs Jan
0900 EU Markit Mfg, Serv, Comp Flash PMIs Jan
0930 UK Flash Mfg, Serv, Comp PMIs Jan
1445 US Markit Mfg, Serv, Comp Flash PMIs Jan
1500 US Existing Home Sales Dec
(Reporting by Naveen Thukral, Editing by Sherry Jacob-Phillips)