Grains-US corn extends losses on Midwest rain outlook; soybeans firm

• The corn contract on the Chicago Board of Trade (CBOT) Cv1 was down 0.16% at $4.67-3/4 a bushel, as of 0047 GMT, while its most-active soybean contract Sv1 rose 0.11% to $11.90 a bushel. Wheat Wv1 fell 0.26% to $6.61-3/4 a bushel.
• Exporters sold 132,000 metric tons of U.S. soybeans to China for delivery in the 2026/27 marketing year, the U.S. Department of Agriculture said in its daily reporting system.
• The European Commission on Thursday cut its forecast for usable production of most grain and oilseeds in the European Union in 2026/27, including an 8% output drop for soft wheat and 14% production drop for grain maize compared to 2025/26.

U.S. stocks rallied on Thursday, led by Microsoft's 15.5% surge, while 30-year Treasury yields scaled a 19-year peak after Federal Reserve Chair Kevin Warsh's comments unsettled investors, concerned that the Fed would be insufficiently vigilant about long-term inflation.

• 0130 China NBS Manufacturing PMI July
• 0600 UK Nationwide house price mm, yy July
• 0645 France CPI (EU Norm) Prelim YY, MM July
• 0645 France CPI Prelim YY, MM NSA July