FUNDAMENTALS
* The most-active wheat contract on the Chicago Board of
Trade (CBOT) lost 0.5% to $6.76 a bushel, as of 0015 GMT.
Corn slid 0.2% to $6.55 a bushel and soybeans added
0.1% to $15.05 a bushel.
* The Kremlin warned on Wednesday that the outlook for
extending a deal beyond May 18 that allows the safe wartime
export of grain and fertilizer from several Ukrainian Black Sea
ports was not great as Russia's own such exports still faced
obstacles.
* Last month, Russia only agreed to renew the Ukraine Black
Sea grain export deal for at least 60 days, half the intended
period. Moscow said it would only consider a further extension
if several demands in relation to its own exports were met.
* Soft wheat exports from the European Union in the 2022/23
season that started in July had reached 23.83 million tonnes by
April 9, compared with 22.08 million tonnes a year earlier,
European Commission data showed on Wednesday.
* Markets were looking towards the U.S. Department of
Agriculture weekly export sales report on Thursday.
* Soybean production in Argentina will fall to a 23-year low
and corn production to a five-year low due to drought, the U.S.
Department of Agriculture (USDA) said on Tuesday as it cut
sharply its forecasts for Argentina's crops.
* But the USDA increased its outlook for Brazil's soy crop
to a new record, while holding its projection for bigger corn
output there this season.
* Commodity funds were net buyers of CBOT corn, soybeans,
soymeal and wheat futures contracts on Wednesday, traders said.
Funds were net sellers of soyoil futures, traders said. MARKET NEWS
* Treasury yields fell and a gauge of global stocks eased on
Wednesday after the market was rattled by minutes from the
Federal Reserve's last policy meeting that indicated banking
sector stress could tip the economy into a recession. DATA/EVENTS (GMT)
0130 Australia Employment, unemployment Rate March
0300 China Exports, Imports YY March
0300 China Trade Balance March
0600 Germany HICP Final YY March
0600 UK GDP Est 3M/3M Feb
0600 UK GDP Estimate MM, YY Feb
0600 UK Manufacturing Output MM Feb
1230 US Initial Jobless Clm Weekly
1230 US PPI Machine Manuf'ing March
(Reporting by Naveen Thukral)
SINGAPORE, April 13 (Reuters) - Chicago wheat futures
slid on Thursday, giving up some of the last session's gains,
although the losses were limited by Russia's criticism of a deal
allowing Ukrainian grain exports.
Corn prices fell after closing higher on Wednesday.
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