SYDNEY, Dec 10 (Reuters) - U.S. soybean futures slipped on
Tuesday, pulling back after hitting a near three-month high in
the previous session, as traders squared positions ahead of the
widely watched U.S. Department of Agriculture forecast.
         
    FUNDAMENTALS  
    * Chicago Board Of Trade January soybeans fell 0.13
percent to $13.42 a bushel, having firmed 1.4 percent on Monday
when the oilseed hit a near three-month high of $13.46-3/4 a
bushel.
    * March corn dipped 0.11 percent to $4.37-1/2 a
bushel, having gained 0.86 percent in the previous session.
    * March wheat rose 0.19 to $6.51-3/4 a bushel, having
	

		

			
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closed down 0.1 percent on Monday. 
    * Grain analysts are gearing up for the U.S. government on
Tuesday to trim its forecasts for U.S. corn and soybean
supplies, reflecting a brisk export sales pace. 
 
    * U.S. Agriculture Department report said private exporters
sold 290,000 tonnes of U.S. soybeans to China. 
    * A cold snap across the U.S. Plains and key growing areas
of the soft red winter wheat region.
         
    MARKET NEWS  
    * The euro stayed bid in Asia on Tuesday, having scaled a
fresh five-year high on the yen and six-week peak against the
dollar as expectations for further stimulus from the European
Central Bank continued to fade.  
    * Brent crude fell 2 percent on Monday in reaction to
well-supplied markets and limited demand from European refiners,
narrowing the gap between the global and U.S. oil benchmarks to
its slimmest in nearly a month.  
    * U.S. stocks edged higher on Monday, with the S&P 500
closing at a record high, as traders awaited more clues from the
Federal Reserve on whether the U.S. central bank would soon
begin winding down its economic stimulus.  
    
    DATA (GMT) 
0500  Japan     Consumer confidence             
0530  China     Industrial output               
0530  China     Retail sales                    CNRSL=ECI> 
0530  China     Urban investment                
	

		

			
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0745  France    Industrial output               
1230  U.S.      NFIB business optimism          
1245  U.S.      Weekly ICSC chain store sales   
1500  U.S.      ISM semiannual economic forecast 
1500  U.S.      Wholesale inventories           
1700  World agricultural supply and demand report 
1900  U.S.      Federal budget                  
        
  Grains prices at  0134 GMT
  Contract        Last    Change  Pct chg  Two-day chg MA 30   RSI 
  CBOT wheat     651.75     1.25  +0.19%    +0.12%     660.11   32
  CBOT corn      437.50    -0.50  -0.11%    +0.75%     432.33   60
  CBOT soy      1342.00    -1.75  -0.13%    +1.24%    1299.28   68
  CBOT rice      $15.50   -$0.01  -0.10%    -0.32%     $15.62   33
  WTI crude      $97.44    $0.10  +0.10%    -0.22%     $94.90   68
  Currencies                                                
  Euro/dlr       $1.374   $0.000  +0.02%    +0.27%
  USD/AUD         0.909   -0.002  -0.22%    -0.09%
  Most active contracts
  Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
  RSI 14, exponential
 
 (Reporting by Colin Packham; Editing by Ed Davies)