* Wheat falls on ample global stocks
* Soybeans fall as crop outlook in Brazil improves
* Corn on course for weekly loss of 2%
SYDNEY, Dec 4 (Reuters) - U.S. wheat futures edged lower on
Friday as ample global stocks pushed the grain towards a weekly
loss of 4%, the first weekly loss in three and the biggest
decline since October-end.
Soybeans fell as rains eased fears about production in
Brazil, while corn also edged lower.
The most active wheat futures on the Chicago Board Of Trade
were down 0.3% at $5.82-1/2 a bushel after closing 0.7%
lower in the previous session.
Analysts said the decline was due to bumper global supply
expectations, boosted by weather forecasts in the Black Sea
Forecasters are not expecting worrisome cold in that region
for another week or so, said Tobin Gorey, director of
agricultural strategy, Commonwealth Bank of Australia.
Statistics Canada on Thursday pegged 2020/21 Canadian wheat
production at 35.2 million tonnes, the country's biggest crop in
The most active soybean futures were down 0.2% at
$11.65-1/4 a bushel, having firmed 1.3% on Thursday.
They are down more than 2% for the week and on track for
their first weekly loss in five.
Consultancy Celeres on Thursday lowered its forecast for
Brazil's soybean crop to 129.5 million tonnes from 133.95
million. But sustained concerns about crops in the country have
eased in recent days.
The most active corn futures were down 0.1% at $4.22 a
bushel after ending up 0.6% in the previous session.
Corn is down 2% for the week, the first weekly loss in five.
(Reporting by Colin Packham;
Editing by Vinay Dwivedi)