GRAINS-Corn hits close to 4-year excessive, set to complete week up 7% – Agricultural Commodities

    SYDNEY, June 14 (Reuters) - U.S. corn futures on Friday hit a close to four-year excessive as issues
that North American farmers will probably be unable to finish planting pushed the grain in the direction of weekly
positive aspects of almost 7%.
    * Probably the most energetic corn futures on the Chicago Board Of Commerce  hit a session excessive of
$4.45-1/Four a bushel - their highest since July 2015. Corn closed 2.8% firmer on Thursday.
    * Corn is up almost 7% for the week after closing down 2.7% final week.
    * Probably the most energetic soybean futures up almost 4% for the week, rebounding after losses of
2.5% final week.     
    * Probably the most energetic wheat futures up greater than 6% for the week, poised for his or her fifth
straight weekly achieve.
    * Corn attracts help amid issues that extra rains throughout the U.S. Midwest will decelerate
    * If farmers are unable to sow corn, they could be compelled to change to soybeans.
    * The U.S. greenback held regular early in Asia on Friday, and was set to point out a weekly rise as
investor focus turned to subsequent week's Federal Reserve assembly for cues on a doable rate of interest
reduce in mild of rising dangers to commerce and world progress.   
    * Oil edged decrease in unstable buying and selling on Friday, posting a second consecutive weekly loss as
warning about Europe's debt disaster and year-end positioning continued to spark promoting into rallies.
    * U.S. shares rose on Thursday after two days of declines, as power shares rebounded with oil
on issues of a provide disruption following assaults on two tankers within the Gulf of Oman.  
0630    India   WPI Inflation YY         Might
1030    Russia  Central Financial institution Key Price    June
 Grains costs at  0103 GMT
 Contract      Final  Change   Pct chg  Two-day chg   MA 30   RSI 
 CBOT wheat  536.50    1.00    +0.19%       +1.95%  481.08     72
 CBOT corn   444.25    2.25    +0.51%       +3.31%  398.73     77
 CBOT soy    889.00    1.00    +0.11%       +1.25%  848.00     70
 CBOT rice    11.67   $0.02    +0.17%       -0.60%  $11.35     57
 WTI crude    52.03  -$0.25    -0.48%       +1.74%  $58.02     34
 Euro/dlr    $1.128  $0.000    +0.01%       -0.10%               
 USD/AUD     0.6905  -0.001    -0.12%       -0.33%               
 Most energetic contracts
 Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
 RSI 14, exponential
 (Reporting by Colin Packham, Enhancing by Sherry Jacob-Phillips)

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