GRAINS-Soybeans hit 10-mth low on worries over U.S.-China ties

    SYDNEY, June 14 (Reuters) - U.S. soybeans fell to a 10-month
low on Thursday as heightened concerns over relations between
Washington and Beijing hurt the prices.
         
    FUNDAMENTALS 
    * The most active soybean futures on the Chicago Board Of
Trade were down 0.3 percent to $9.33-1/2 a bushel by 0144
GMT, having earlier hit a low of $9.31-1/4 a bushel - the lowest
since Aug. 22, 2017. Soybeans closed down 1.9 percent in the
previous session. 
    * The most active wheat futures were down 1.4 percent
at $5.09-1/2 a bushel, having earlier hit a low of $5.05-3/4 a
bushel - the lowest since June 4. Wheat closed down 3.6 percent
on Wednesday. 
    * The most active corn futures were down 1.1 percent
to $3.71-3/4 a bushel, having closed down 0.4 percent in the
previous session.
    * The grain complex under pressure amid concerns over
heightened tensions between the United States and China.
    * Funds begin to liquidate long positions, analysts say.
         
    MARKET NEWS  
    * The dollar slipped back from three-week highs against the
yen on Thursday, quickly erasing gains made after the Federal
Reserve took a slightly more hawkish policy tone in signalling
two more rate hikes by year-end thanks to a solid outlook for
the world's biggest economy.  
    * Oil prices eased on Thursday, dragged down by rising
output, although strong demand and a drop in U.S. fuel
inventories provided the market with some support.  
    * U.S. stocks ended a choppy session lower on Wednesday
after the U.S. Federal Reserve raised interest rates as expected
and projected a slightly faster pace of rate hikes this year.
  
        
 Grains prices at  0144 GMT
 Contract       Last  Change  Pct chg  Two-day chg     MA 30  RSI
 CBOT wheat   509.50   -7.00   -1.36%       -4.68%    516.62   41
 CBOT corn    371.75   -4.25   -1.13%       -1.52%    393.66   33
 CBOT soy     933.50   -2.50   -0.27%       -2.15%   1005.84   11
 CBOT rice     12.14   $0.05   +0.41%       +1.80%    $12.04   66
 WTI crude     66.71   $0.07   +0.11%       +0.53%    $68.76   49
 Currencies                                                      
 Euro/dlr     $1.180  $0.001   +0.07%       +0.46%               
 USD/AUD      0.7573   0.000   -0.04%       +0.03%               
 Most active contracts
 Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
 RSI 14, exponential
 
    

 (Reporting by Colin Packham; Editing by Amrutha Gayathri)
  

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