CANBERRA, June 23 (Reuters) – U.S. wheat futures rose 0.5% on Wednesday, though the good points have been capped amid expectations that rains throughout a key rising area have been anticipated to have supplied much-needed moisture.
FUNDAMENTALS
* * Essentially the most-active wheat futures on the Chicago Board of Commerce Wv1 have been up 0.5% at $6.58 a bushel a bushel by 0139 GMT, having closed down 1.5% on Tuesday.
* Soybean futures Sc1 have been up 0.5% at $14.01 a bushel, having closed down 1.5% within the earlier session.
* Corn futures Cc1 have been little modified at $6.60 a bushel, having closed flat on Tuesday.
* Rains over the weekend have been seen boosting crops in U.S. Midwest.
* A U.S. Division of Agriculture (USDA) report that pegged the situation of crops under market forecasts, stoking issues about international provides.
MARKET NEWS
* The U.S. greenback remained on the again foot in opposition to main friends on Wednesday after a two-day drop as U.S. Federal Reserve officers together with Chair Jerome Powell reaffirmed that tighter financial coverage was nonetheless a way off. USD/
* Wall Road rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed to not increase charges too shortly because the greenback and oil gave up earlier good points.
(Reporting by Colin Packham)
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