BEIJING, Dec 24 (Reuters) - Chicago corn and wheat eased
on Tuesday, while soybeans firmed as traders set final positions
before the Christmas holiday break, with a stronger dollar
weighing on the market.
FUNDAMENTALS
* The most-active corn contract on the Chicago Board of
Trade traded fell 0.06% to $4.47-4/8 a bushel at 0133 GMT.
Wheat shed 0.42% to $5.38 a bushel.
* CBOT soybeans rose 0.13% to $9.77 a bushel.
* The U.S. dollar was perched near a two-year peak of
108.54 on Tuesday as the prospect of higher-for-longer U.S.
interest rates remained on top of investors' minds.
* Exporters sold 132,000 metric tons of U.S. corn to unknown
destinations and 132,000 metric tons of U.S. soybeans to China,
all for 2024-25 delivery, the U.S. Department of Agriculture
said.
* Warmer-than-usual weather throughout the European part of
Russia at the end of December will complicate the overwintering
of grains, the state weather forecasting agency said on Monday,
adding to concerns over Russia's winter crops.
* Russia, the world's largest wheat exporter, said on Friday
its wheat and meslin export quota in the second half of the
exporting season will stand at 10.6 million metric tons,
implying exports would be sharply reduced next year.
* Sovecon agriculture consultancy said that Russian wheat
exports will fall by 17% to 36.4 million tons in the 2025-26
export season on poor harvest and low carry-over stocks.
* Russia's grain export potential is seen at 45 million
metric tons in 2025, including 40 million tons of wheat, the
country's Grain Exporters and Producers Union said.
* Russian wheat export prices were largely unchanged last
week amid declining activity, with poor weather at ports also
affecting weekly export volumes, which fell to a year-low,
analysts said.
* Commodity funds net bought CBOT corn, wheat and soyoil
futures contracts on Monday, traders said. Funds net sold
soybean and soymeal futures contracts.
MARKETS NEWS
* A global equity index rose on Monday with help from Wall
Street and U.S. Treasury yields climbed to an almost seven-month
high, while data showed a deterioration in U.S. consumer
confidence and investors prepared for fewer Federal Reserve rate
cuts in 2025.