SINGAPORE, March U.S. wheat tumbles on moisture forecast
KANSAS CITY, Mo., March 23 (Reuters) - U.S. wheat futures ended more than 1 percent lower on Wednesday as forecasts for beneficial rain and snow in the southern Plains improved crop prospects that have been dimmed by prolonged dry weather in the wheat belt.
"There is a chance of about 0.10 to 0.50 inch of moisture in that HRW belt from northern Oklahoma northward" over the next few days, Palmerino said.
Recurring rains lift Argentine soy growth- exchange
BUENOS AIRES, March 23 (Reuters) - A second week of rains in central and southern parts of Argentina's farming belt should help maturing soy crops after a dry spell late last month, the Buenos Aires Grains Exchange said on Wednesday.
Argentina, the world's third-biggest soy exporter, had dry weather earlier this season, but heavy rains from mid-January onward brightened the outlook for the oilseed.
Gold extends gains as Middle East crisis supports
SINGAPORE, March 24 (Reuters) - Gold prices held steady on Thursday as it drew support from the spreading turmoil in the Middle East and talk of extended loose U.S. monetary policy after lackluster home sales data.
"Gold is expected to remain firm, as there is a lot of geopolitical uncertainty and money printing going on," said a Singapore-based trader, referring to the looser monetary policy adopted by Japan's central bank after the earthquake hit nearly two weeks ago.
Euro pressured by Portugal; shares mostly gain
SINGAPORE, March 24 (Reuters) - The euro was under pressure on Thursday after Portugal's prime minister resigned following parliament's rejection of his austerity plans, while Asian stocks outside Japan rose as higher commodities prices lifted materials shares.
"We are unlikely to see further gains in the near future, unless there's an end to the nuclear crisis in sight," said Takashi Hiroki, chief strategist at Monex Securities.
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