GRAINS-Corn prices edge down, linger near one-year low

SYDNEY, Nov 13 (Reuters) - U.S corn inched down on Monday as forecasts for record North American production kept prices near one-year lows.


* The most active corn futures on the Chicago Board of Trade were down 0.2 percent at $3.43 a bushel by 0151 GMT, having gained 0.6 percent in the previous session.

* Corn late last week hit its lowest in a year at $3.40-3/4 a bushel.

* The most active soybean futures were little changed at $9.86-3/4 a bushel, after firming 0.2 percent on Friday.

* The most active wheat futures were up 0.2 percent at $4.30-1/2 a bushel, having closed up 0.6 percent on Friday.

* USDA supply/demand reports last week raised estimates of the U.S. corn yield to a record-high 175.4 bushels per acre, topping trade expectations.

* Plentiful global wheat supplies and a large Russian harvest have been putting downward pressure on prices.


* The pound slipped early on Monday as troubles mounted for British Prime Minister Theresa May, with a report that 40 Conservative MPs are readying a leadership challenge, while Brexit talks face a crucial deadline.

* Oil markets opened the week cautiously on Monday amid ongoing tensions in the Middle East and after a rising rig count in the United States suggested producers there are preparing to increase output.


0700 Germany Wholesale price index Oct

Grains prices at 0151 GMT

Contract Last Change Pct chg Two-day chg MA 30 RSI CBOT wheat 430.50 -1.00 -0.23% +0.35% 432.23 51 CBOT corn 343.00 -0.50 -0.15% +0.44% 348.47 35 CBOT soy 986.75 -0.25 -0.03% +0.18% 987.80 49 CBOT rice 11.45 $0.03 +0.26% +0.13% $11.96 32 WTI crude 56.85 $0.11 +0.19% -0.56% $53.04 73


Euro/dlr $1.165 -$0.001 -0.13% +0.07% USD/AUD 0.7648 -0.001 -0.17% -0.39%

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)