Wires

GRAINS-U.S. soybeans hold steady on renewed trade optimism

SYDNEY, Sept 26 (Reuters) - U.S. soybeans held steady on Thursday as trade war concerns eased after U.S. President Donald Trump said a deal with China could happen sooner than expected.

FUNDAMENTALS

* The most active soybean futures on the Chicago Board Of Trade were unchanged at $8.89-1/4 a bushel, as of 0016 GMT, having closed 0.6% weaker in the previous session.

* The most active corn futures were down 0.1% at $3.74 a bushel, having closed 0.1% weaker in the previous session.

* The most active wheat futures were up 0.3% at $4.78-1/2 a bushel, after ending 1% firmer on Wednesday.

* U.S. President Donald Trump said on Wednesday a deal to end a nearly 15-month trade war with China would happen sooner than people think and that the Chinese were making big agricultural purchases from the United States, including beef and pork.

* Trump's comment helped relieve pressure triggered when Trump criticized Chinese policy in his address at the United Nations on Tuesday, reviving worries that China's recent buying spree of soybeans might dry up.

* The U.S. Department of Agriculture said private exporters sold 581,000 tonnes of U.S. soybeans to China for delivery in the 2019/20 marketing year that began on Sept. 1.

* Egypt's state grains buyer, the General Authority for Supply Commodities, said it bought 300,000 tonnes of Russian and French wheat for shipment Oct. 26 through Nov. 5.

MARKET NEWS

* The dollar rose across the board on Wednesday, rebounding from the previous day's slide as investors nervous about an impeachment inquiry against U.S. President Donald Trump sought a safe haven, and as sterling fell 1% on nagging uncertainty about Brexit and an election.

* Oil shed more than 1% on Wednesday, logging a second straight day of losses after U.S. crude stockpiles unexpectedly rose and as Saudi Arabia maintained a faster-than-expected recovery of its oil production.

* The S&P 500 notched its biggest daily gain in two weeks on Wednesday as investors shrugged off the news of an impeachment inquiry into President Donald Trump, while Nike shares jumped on upbeat quarterly results.

Grains prices at 0016 GMT

Contract Last Change Pct chg Two-day chg MA 30 RSICBOT wheat 478.50 1.25 +0.26% -0.67% 475.79 45CBOT corn 374.00 -0.25 -0.07% -0.20% 368.30 67CBOT soy 889.25 0.00 +0.00% -0.56% 876.35 58CBOT rice 11.91 $0.02 +0.13% -0.75% $11.85 44WTI crude 56.62 $0.13 +0.23% -1.17% $56.43 45

Currencies

Euro/dlr $1.095 $0.001 +0.11% -0.59%USD/AUD 0.6757 0.001 +0.10% -0.62%

Most active contracts Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight RSI 14, exponential

(Reporting by Colin Packham, Editing by Sherry Jacob-Phillips)