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GRAINS-Soybeans fall to more than 10-yr low on U.S.-China trade woes

SYDNEY, May 13 (Reuters) - U.S. soybean futures fell on Monday to hit their lowest in more than 10 years amid concerns over a prolonged trade war between Washington and Beijing after talks between the two appeared to be at an impasse.

FUNDAMENTALS

* The most active soybean futures on the Chicago Board of Trade were down 0.6 percent at $8.04-1/2 a bushel by 0100 GMT, after earlier marking their lowest since December 2008 at $8.03-1/4 a bushel. They closed down 0.4 percent on Friday.

* The most active corn futures were down 0.4 percent at $3.50-1/4 a bushel, having closed down 0.4 percent in the previous session when prices hit their lowest since September 2018 at $3.45-1/2 a bushel.

* The most active wheat futures were down 0.6 percent at $4.22-1/4 a bushel, after earlier touching their lowest since January 2018 at $4.21-1/4 a bushel. They closed down 1.1 percent on Friday.

* Should the Sino-U.S. trade war drag on, U.S. agricultural exports will likely suffer. China is expected to retaliate against the United States for increasing its tariffs on $200 billion in Chinese goods to 25% from 10% early on Friday.

* The U.S. Department of Agriculture (USDA) on Friday forecast bigger-than-expected domestic supplies of soybeans, corn and wheat, further pressuring the markets.

MARKET NEWS

* The safe-haven yen edged higher and the Chinese yuan and Australian dollar dipped early on Monday after the latest escalation in the trade war between the United States and China.

* Oil futures edged down on Monday.

* The prospects for a drawn out trade war between the United States and China sent S&P 500 futures sharply lower as trading resumed on Sunday, after Washington demanded concrete changes to Chinese law and Beijing said it would not swallow any "bitter fruit" that harmed its interests.

DATA/EVENTS (GMT)

0130 Australia Housing Finance March1200 India CPI Inflation YY April

Grains prices at 0100 GMT

Contract Last Change Pct chg Two-day chg MA 30 RSICBOT wheat 422.25 -2.50 -0.59% -1.69% 450.24 30CBOT corn 350.25 -1.50 -0.43% -0.85% 365.46 27CBOT soy 804.50 -4.75 -0.59% -1.02% 875.39 5CBOT rice 11.03 $0.04 +0.36% +0.82% $10.73 73WTI crude 61.32 -$0.34 -0.55% -0.62% $63.30 32

Currencies

Euro/dlr $1.123 $0.000 -0.02% +0.10%USD/AUD 0.6980 -0.002 -0.29% -0.11%

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)