Grains-Wheat set for third weekly gain on Black Sea export concerns
WEAT•Broader market and upcoming data
Asian stocks got off to a rocky start on Friday as the drag from chipmakers weighed on global equity indexes, while oil prices were set for their sharpest weekly rise in three months as tensions in the Middle East erupted anew.
DATA/EVENTS (GMT)
- 0701 China Total Social Financing Jun
- 0701 China M2 Money Supply YY Jun
- 0702 China New Yuan Loans Jun
- 0900 EU HICP Final MM, YY Jun
- 1230 US Housing Starts Number Jun
- 1230 US Import Prices YY Jun
- 1315 US Industrial Production MM Jun
- 1400 US U Mich Sentiment Prelim Jul
Wheat stays on course for third weekly gain
BEIJING, July 17 (Reuters) - Chicago wheat eased on Friday but stayed on course for a third straight weekly gain, supported by concerns over disruptions to exports from the Black Sea region as supplies tighten in Europe and North America.
Soybeans and corn also head for weekly gains
Soybeans and corn were also headed for weekly gains, drawing support from strength in wheat. Soybeans were underpinned by renewed Chinese buying, while corn was supported by expectations of tighter global stocks.
