Grain Markets

SYDNEY, June 12 (Reuters) – U.S. wheat traded in a tight range in early business on Thursday, just above a 3-1/2 month low touched in the previous session, after the U.S. Department of Agriculture pegged U.S. and global ending stocks above market expectations. FUNDAMENTALS * Chicago Board Of Trade front-month wheat was unchanged at $5.89-1/4

* Corn rebounds on bargain-buying after four-month low

* Wheat, corn tick higher after 2 days of decline

CHICAGO, June 10 (Reuters) – U.S. FOB Gulf winter wheat basis offers were steady to firm after futures closed lower on Tuesday and on concerns about harvest quality and availability amid recent cold, rainy weather in the eastern Midwest, traders said. * Soybean offers were also steady to firm while corn values were steady with

* USDA seen raising U.S. wheat ending stocks forecasts * Corn pressured by favorable U.S. crop weather * Soy firmer as trade expects USDA to show tighter U.S. stocks (Recasts with updated prices, quotes; changes byline and dateline, previous SINGAPORE/PARIS) By Julie Ingwersen CHICAGO, June 10 (Reuters) – U.S. wheat futures fell to a 3-1/2

June 10 (Reuters) – Spot basis bids for corn were higher on Tuesday at river terminals as farmers held off on selling crops, while bids held steady at processors and elevators around the U.S. Midwest, dealers said. * “Corn is not moving so the basis is firming,” said a grain merchant said at northeastern Ohio

SYDNEY, June 10 (Reuters) – U.S. corn futures eased on Tuesday, extending two-day losses to 2 percent, weighed down by forecasts for favorable weather across the U.S Midwest and Chinese restrictions on the import of a corn-based feed ingredient. FUNDAMENTALS * Chicago Board Of Trade July corn fell 0.3 percent to $4.49-1/2 a bushel, having

* Corn pressured as China halts import permits for U.S. DDGs * Wheat sags as Northern Hemisphere harvest nears * Soybeans end flat, erasing early gains as soymeal declines (Updates with closing prices and USDA crop ratings) By Julie Ingwersen CHICAGO, June 9 (Reuters) – U.S. spot corn futures fell to a 3-1/2 month low

June 9 (Reuters) – Spot basis bids for corn were mixed at processors and ethanol plants, but held steady at elevators around the U.S. Midwest on Monday as farmers were slow to sell crops, dealers said. * Weaker U.S. corn futures values kept a lid on corn sales in the cash market, grain merchants said.

* Corn falls for seven out of eight sessions