US Markets

* Soy pressured by slowing China demand, weak technicals * Corn pressured by aggressive U.S. planting this week * Fund buying noted after White House climate change report * Wheat pauses after rising in 10 of last 11 sessions (New throughout; changes dateline, previous HAMBURG/SINGAPORE; changes byline) By Julie Ingwersen CHICAGO, May 7 (Reuters) –

May 7 (Reuters) – Basis bids for soybeans shipped by barge to the U.S. Gulf Coast were steady to narrowly lower early on Wednesday, declining from a one-month high in the basis notched on Tuesday as exporter demand remained light, traders said.

SYDNEY, May 7 (Reuters) – U.S. wheat futures dipped from a 13-month high on Wednesday, but losses were capped by concerns that U.S. output will be curbed by hot weather across the southern Plains and heightened tensions in Ukraine. FUNDAMENTALS * Chicago Board Of Trade July wheat, the most actively traded contract, fell 0.5 percent

May 6 (Reuters) – U.S. FOB Gulf soybean basis offers were mostly steady on Tuesday, underpinned by tight U.S. old-crop supplies and strong domestic demand but capped by record-large imports of South American soybeans this season. * Nearby CIF soybean basis bids firmed on strong demand from domestic processors. FOB May soybean basis offers held

* KC wheat leads as heat in Plains scorches developing crop * Ukraine turmoil, weak U.S. dollar lend support * Corn follows wheat up; slow U.S. planting pace lends support * Soybeans down on ample Latin American oilseed supplies (New throughout; updates prices, adds quotes; changes byline, dateline, previous PARIS/SINGAPORE) By Julie Ingwersen CHICAGO, May

May 6 (Reuters) – Basis bids for soybeans shipped by barge to the U.S. Gulf Coast were steady to higher early on Tuesday with the basis extending gains from the previous day on tight domestic supplies, good crusher demand but limited interest from exporters, traders said.

* U.S. wheat rises for 3rd day on supply concerns

* Intense heat, wind in southern U.S. Plains stresses wheat * Trade monitoring unrest in key Ukraine port city of Odessa * Corn higher as wheat soars, USDA planting progress awaited * Soy lower after Canada reports record-high canola stocks (Recasts with U.S. trading, adds quotes; changes byline, dateline, previous PARIS/SYDNEY) By Julie Ingwersen CHICAGO,