Wires

GRAINS-Soybeans stay weak on trade doubts, weather underpins wheat, corn

Gus Trompiz and Naveen Thukral

* Chicago soybeans inch down to new one-month low

* Doubts over U.S.-China trade deal hang over soy market

* Wheat, corn edge up, wintry U.S. weather lends support

(Updates with European trading, changes byline/dateline) PARIS/SINGAPORE, Nov 14 (Reuters) - Chicago soybean futures ticked lower on Thursday to a new one-month low as doubts over the chances of a U.S.-Chinese trade agreement this year hung over the market. Corn and wheat inched up, underpinned by freezing conditions in U.S. grain belts that may further hamper a slow-moving corn harvest and threaten some recently sown wheat crops. The most-active soybean contract on the Chicago Board Of Trade was down 0.2% at $9.13-1/4 a bushel by 1247 GMT, as it traded at its lowest since Oct. 8 for the fourth straight session. CBOT corn was up 0.3% at $3.76-1/4 a bushel and wheat inched up a quarter of a cent to $5.09-1/4 a bushel. Price movements were limited amid uncertainty over progress in talks between Washington and Beijing to resolve a trade dispute that has disrupted flows of agricultural goods. "There is a lot of uncertainty over the trade deal," said Phin Ziebell, agribusiness economist at National Australia Bank. "Chinese demand for agriculture products is going to be impacted by the African swine fever," he added, referring to a disease which has decimated China's pig herd. U.S.-China trade negotiations have 'hit a snag' over farm purchases, with China not wanting a deal that looks one-sided in the favour of the United States, the Wall Street Journal said on Wednesday, citing people familiar with the matter. U.S. President Donald Trump on Tuesday dangled the prospect of completing an initial trade deal with China "soon", but offered no new details on negotiations. China, meanwhile, confirmed on Thursday it was lifting restrictions on the import of U.S. poultry meat in line with recent announcements. The move comes as China faces an unprecedented shortage of protein due to African swine fever, which has forced China to boost imports of meat. The epidemic is also expected to reduce imports of crops like soybeans used in livestock feed. Bitter cold in the U.S. Plains and Midwest was still lending some support to grain prices, after a brief rally in wheat earlier this week. "Operators are still very attentive to the current cold wave and its effects on winter wheat crops," consultancy Agritel said in a note. U.S. wheat remained capped by ample global supplies and signs of renewed competition from Russian wheat after a relatively slow start to Russia's export season. A latest tender being held on Thursday by top wheat importer Egypt was dominated by offers of Russian and Ukrainian wheat, traders said.

Prices at 1247 GMT

Last Change Pct End Ytd PctMove 2018 MoveCBOT wheat 509.25 0.25 0.05 503.25 1.19CBOT corn 376.25 1.00 0.27 375.00 0.33CBOT soy 913.25 -2.00 -0.22 895.00 2.04Paris wheat Dec 178.00 0.50 0.28 191.25 -6.93Paris maize Jan 163.50 0.25 0.15 175.00 -6.57Paris rape Feb 389.75 -0.25 -0.06 366.00 6.49WTI crude oil 57.62 0.50 0.88 45.41 26.89Euro/dlr 1.10 0.00 -0.09 1.1469 -4.12

Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne

(Reporting by Gus Trompiz in Paris and Naveen Thukral in Singapore; Editing by Clarence Fernandez and Alexandra Hudson)