CANBERRA, Aug 4 (Reuters) - U.S. wheat futures edged higher
on Wednesday as concerns about supplies in the United States and
the Black Sea region underpinned prices.
* The most active wheat futures on the Chicago Board Of
Trade were up 0.2% at $7.26 a bushel by 0148 GMT, having
closed down 0.7% on Tuesday.
* The most active soybean futures were little changed
at $13.20-1/4 a bushel, having closed down 2.5% on Tuesday.
* The most active corn futures were little changed at
$5.50-1/4 a bushel, having gained 2.6% in the previous session.
* The U.S. Department of Agriculture's (USDA) weekly crop
progress report, released after Monday's market close, showed
better-than-anticipated ratings for soybeans.
* The USDA rated the overall corn crop 2 points lower than
the week prior and below analyst expectations.
* Wheat was underpinned by reduced crop prospects in North
America and Russia and steady demand from leading importers,
though mounting cases of the Delta variant of the coronavirus in
China and the United States raised doubts over global demand.
* The U.S. dollar steadied on Tuesday, after having lost
value against the Japanese yen and Swiss franc, as questions
about slowing U.S. economic growth and the Delta variant
challenged risk appetite.
* Oil settled lower on Tuesday, as concerns about rising
cases of the Delta coronavirus variant outweighed expectations
for another weekly draw in U.S. inventories that had boosted
* U.S. stocks rose, 10-year Treasuries were flat and oil
prices fell on Tuesday as markets weighed mixed signals from
corporate earnings and economic growth data.
(Reporting by Colin Packham; Editing by Ramakrishnan M.)