Soybeans near three-week low, corn falls on US weather outlook
CORN•Broader market backdrop
* U.S. stocks extended losses, interest-rate sensitive two-year Treasury yields dropped and the dollar slipped on Wednesday after the Federal Reserve held interest rates steady, while oil prices surged following renewed attacks across the Middle East. MKTS/GLOB
Key market drivers and price levels
* The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 fell 0.7% to $11.84 a bushel by 0018 GMT, the lowest since July 10, and corn Cv1 gave up 0.6% to $4.68-3/4 a bushel. Wheat Wv1 fell 0.2% to $6.59-3/4 a bushel.
* In the U.S. Midwest, forecasters are predicting rain near the end of the week, which is vital for soybean and corn crops.
* Concerns over Black Sea exports were reinforced after three major Russian grain terminals restricted truck deliveries, citing heightened shipping risks following recent attacks and changes to grain flows after restrictions in the Sea of Azov.
* Russia was striking the Ukrainian capital of Kyiv with ballistic missiles in the early hours of Thursday, Mayor Vitali Klitschko said in a Telegram post, asking people to seek shelter.
Soybeans and corn fall on crop-friendly US weather outlook
SINGAPORE, July 30 (Reuters) - Chicago soybeans slid to their lowest in almost three weeks on Thursday, while corn lost more ground as forecasts of crop-friendly weather in the U.S. Midwest added pressure on prices.
Wheat also eased, but losses were limited by concerns over Black Sea supplies amid ongoing attacks on vessels and grain handling facilities in Russia and Ukraine.
