GRAINS-Corn falls on stronger dollar, USDA estimate caps losses

SYDNEY, Nov 11 (Reuters) - U.S. corn futures slipped on Monday, as a firmer dollar and weak demand raised concerns about American exports, though losses were capped by a lower-than-expected production forecast from the U.S. Department of Agriculture.


* The most active corn futures on the Chicago Board Of Trade were down 0.5% at $3.75-1/4 a bushel by 0116 GMT, having gained 0.5% in the previous session.

* The most active soybean futures were down 0.4% at $9.27-3/4 a bushel, having closed down 0.6% on Friday.

* The most active wheat futures were down 0.5% at$5.07-1/2 a bushel, having closed down 0.4% on Friday.

* The USDA on Friday pegged corn production at 13.661 billion bushels, down from 13.779 billion a month earlier.

* The outlook was based on an average yield of 167.0 bushels per acre (bpa), down from 168.4 previously.

* End-of-season U.S. corn stocks were trimmed to a still-abundant 1.91 billion bushels, while exports were lowered by 50 million bushels.

The agency pegged the soy crop at 3.550 billion bushels, with yields seen at 46.9 bpa, unchanged from October.

* President Donald Trump on Friday said he has not agreed to rollbacks of U.S. tariffs sought by China, sparking fresh doubts about when the world's two largest economies may end a 16-month trade war that has slowed global growth.


* The dollar held near multi-week highs on Monday amid optimism that the United States and China would roll back tariffs that have hurt global growth.

* Oil prices edged higher on Friday, after falling more than 1% following comments from U.S. President Donald Trump that he has not agreed to roll back tariffs on China.

* The three major U.S. stock indexes posted record closing highs and the S&P 500 registered a fifth straight week of gains on Friday as investors brushed aside worries over the progress of U.S.-China trade talks and as Walt Disney shares rose.

(Reporting by Colin Packham; Editing by Aditya Soni)