BEIJING, Feb 20 (Reuters) - Chicago corn and soybean
ticked up on Thursday to recoup some overnight losses, although
concerns over U.S President Donald Trump's threats for more
tariffs kept traders on edge.
Wheat fell, pulling back from an eight-month peak hit in the
previous session.
FUNDAMENTALS
* The most active corn contract on the Chicago Board of
Trade (CBOT) added 0.2% at $4.98 a bushel at 0134 GMT.
* CBOT wheat fell 0.12% to $6.05 a bushel, while
soybeans gained 0.02% to $10.32 a bushel.
* Argentina's key agricultural region will see maximum
temperatures above 35 degrees Celsius (95°F) in the coming days,
followed by rainfall in the early part of next week, the Buenos
Aires Grains Exchange said on Wednesday.
* Brazilian soybean farmers will reap 171.3 million metric
tons of soybeans in the 2024/25 season, less than the 172.4
million tons forecast in January, agribusiness consultancy
Agroconsult said on Wednesday after inspecting about half of the
fields in a nationwide crop tour.
* Trump said on Wednesday he will announce tariffs related
to lumber, cars, semiconductors and pharmaceuticals "over the
next month or sooner."
* Meanwhile, Jordan's state grain buyer has issued an
international tender to buy up to 120,000 tons of milling wheat
which can be sourced from optional origins, European traders
said on Wednesday. The deadline for submission of price offers
in the tender is February 25.
* Taiwan's MFIG purchasing group bought about 65,000 tons of
animal feed corn expected to be sourced from the United States
in an international tender on Wednesday, European traders said.
* Commodity funds were net sellers of Chicago Board of Trade
corn, wheat, soybean and soyoil futures contracts on Wednesday,
traders said. Funds were net buyers of soymeal futures, they
said
MARKETS NEWS
* An index of global shares was lower on Wednesday,
pressured by choppy trading on Wall Street and a dip in European
stocks, as Trump's latest tariff threats on auto, semiconductor
and pharmaceutical imports injected a sense of caution into the
markets.