SYDNEY, Nov 10 (Reuters) - U.S. corn futures were steady on Friday, lingering near a one-year low in the wake of the U.S. Department of Agriculture's forecast for record North American production.
* The most active corn futures on the Chicago Board of Trade are down nearly 2 percent for the week, set for their second consecutive weekly fall.
* Corn on Thursday marked its lowest since November, 2016 at $3.40-3/4 a bushel.
* The most active soybean futures are down nearly 1.5 percent for the week, the biggest weekly loss since Aug. 15.
* The most active wheat futures are up more than 0.5 percent for the week, the biggest weekly gain since Sept. 15.
* The USDA raised its corn crop forecast to 14.578 billion bushels, based on an average yield of 175.4 bushels per acre, (BPA) which, if realized, would top a record set last year.
* The soy crop was seen at a record 4.425 billion bushels, on a yield of 49.5 bpa.
* The USDA said corn export sales jumped last week to a 5-1/2-year high of more than 2.9 million tonnes, including 2.3 million for shipment in the current marketing year, topping trade estimates.
* The U.S. soybean industry has signed two letters of intent with Chinese importers covering a $5 billion purchase of an additional 12 million tonnes of soybeans in the 2017/18 marketing year, deals announced during President Donald Trump's visit to Beijing.
* The dollar licked its wounds on Friday, on track for weekly losses after dropping on disappointment with a tax bill put forth by U.S. Senate Republicans that would delay expected corporate tax cuts.
* Oil markets were stable on Friday, supported by ongoing supply cuts led by OPEC and Russia as well as by strong demand, although the prospect of rising U.S. shale output capped prices around recent gains.
* Wall Street stocks dropped on Thursday, weighed down by losses in Microsoft and other technology issues, as investors turned their attention to a U.S. Senate Republican plan that would delay expected corporate tax cuts.
ATA AHEAD (GMT)
0745 France Industrial output Sep 0930 Britain Industrial output Sep 1500 U.S. Univ of Michigan sentiment index Nov
Grains prices at 0214 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI CBOT wheat 429.25 0.25 +0.06% +0.70% 412.23 49 CBOT corn 341.50 0.00 +0.00% -4.68% 355.05 26 CBOT soy 985.25 0.25 +0.03% -5.29% 1024.3 47
CBOT rice 11.44 $0.00 +0.00% +14.58% $9.84 31 WTI crude 57.02 -$0.15 -0.26% +7.56% $52.51 77
Euro/dlr $1.165 $0.105 +9.88% +9.45% USD/AUD 0.7685 0.021 +2.81% +2.48%
Most active contracts Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight RSI 14, exponential
(Reporting by Colin Packham; Editing by Joseph Radford)