GRAINS-Wheat falls to two-month low on U.S. rains

SYDNEY, May 27 (Reuters) – U.S. wheat futures fell as much as 1.5 percent on Tuesday to a two-month low, as heavy rains across the southern plains provided much needed moisture to crops that have wilted under dry weather in recent weeks. FUNDAMENTALS * Chicago Board Of Trade July wheat fell 1 percent to $6.46-1/4






FOB Gulf Grain-Soybean basis soft on futures, movement

CHICAGO, May 22 (Reuters) – FOB U.S. Gulf soybean basis offers were steady to softer on Thursday with the sharp rally in futures drawing out farmer sales of old and new-crop soy, traders said. * Corn and wheat basis offers were steady amid quiet markets ahead of the long U.S. holiday weekend. Southern hemisphere corn