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%.
         
    FUNDAMENTALS  
    * 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
planting.
    * If farmers are unable to sow corn, they could be compelled to change to soybeans.
             
    MARKET NEWS  
    * 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.  
    
    DATA/EVENTS (GMT)
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
 Currencies                                                      
 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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