SINGAPORE, September 28 (Reuters)Chicago corn futures slid Tuesday from a four-week high reached in the previous session, as a rapid harvest season in the United States put pressure on prices.

Wheat fell for a second session and soybeans lost ground.


* The most active corn contract on the Chicago Board of Trade (CBOT) CV1 was down 0.3% to $ 5.37-3 / 4 a bushel, at 12:17 a.m. GMT, after hitting its highest level since Aug. 31 at $ 5.40 a bushel on Monday. Corn Wv1 fell 0.4% to $ 7.19-3 / 4 a bushel and soybeans Sv1 dropped 0.2% to 12.85-1 / 4 a bushel.

* After the CBOT closed on Monday, the U.S. Department of Agriculture (USDA) said the U.S. harvest was 18 percent complete for corn and 16 percent for soybeans, both slightly ahead of the five-year averages of 15 % and 13%, respectively.

* Corn recovered during the previous session in the context of anticipation of a recovery in demand.

* U.S. soybean exports surged last week to a six-month high, while corn shipments were the highest in a month as Louisiana Gulf Coast terminals steadily increased their disrupted operations there Hurricane Ida was nearly a month old, according to preliminary data released Monday.

* The pace of exports, however, was still below normal for this time of year as several terminals remain closed or operate at reduced capacity.

* The USDA on Monday confirmed private sales of 334,000 tonnes of US soybeans to China, the world’s largest buyer of oilseeds, a factor that has supported soybean futures.

* Some traders have also expressed optimism that China may buy more US grain after a deal between the US and China led Canada to release Huawei CFO Meng Wanzhou last week .

* Traders are eagerly awaiting the September 30 USDA Quarterly Stock Report. Analysts polled by Reuters on average expect the government to report US corn stocks on September 1 at 1.155 billion bushels, below the 1.187 billion bushels forecast by the USDA in its latest monthly report. on September 10 supply and demand.

* Russian wheat export prices rose for the 11th week in a row, after higher global benchmarks in Chicago and Paris, analysts said Monday.

* Russian wheat loaded with 12.5% ​​protein from Black Sea ports for supply during the first half of October was $ 304 per tonne free on board (FOB) at the end last week, up $ 3 from the previous week, consulting firm IKAR said in a note.

* Commodity funds were net buyers of CBOT corn, soybean, soybean meal and soybean oil futures on Monday and net sellers of wheat futures, traders said. . COMFUND / CBT


* U.S. government borrowing costs rose for a sixth week on Monday, hurting tech stocks as investors bet on rising interest rates, while three-year high oil prices set the industry on fire. energy. MKTS / GLOB


0130 China Industrial Profit YTD, YY Aug

1400 Confidence of American consumers. September final

(Reporting by Naveen Thukral, editing by Sherry Jacob-Phillips)

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