GRAINS-Corn, soybeans recoup losses amid uncertainty over Trump's tariff threats

BEIJING, Feb 20 (Reuters) - Chicago corn and soybean ticked up on Thursday to recoup some overnight losses, although concerns over U.S President Donald Trump's threats for more tariffs kept traders on edge.

Wheat fell, pulling back from an eight-month peak hit in the previous session.

FUNDAMENTALS

The most active corn contract on the Chicago Board of Trade (CBOT) Cv1 added 0.2% at $4.98 a bushel at 0134 GMT.

CBOT wheat Wv1 fell 0.12% to $6.05 a bushel, while soybeans Sv1 gained 0.02% to $10.32 a bushel.

Argentina's key agricultural region will see maximum temperatures above 35 degrees Celsius (95°F) in the coming days, followed by rainfall in the early part of next week, the Buenos Aires Grains Exchange said on Wednesday.

Brazilian soybean farmers will reap 171.3 million metric tons of soybeans in the 2024/25 season, less than the 172.4 million tons forecast in January, agribusiness consultancy Agroconsult said on Wednesday after inspecting about half of the fields in a nationwide crop tour.

Trump said on Wednesday he will announce tariffs related to lumber, cars, semiconductors and pharmaceuticals "over the next month or sooner."

Meanwhile, Jordan's state grain buyer has issued an international tender to buy up to 120,000 tons of milling wheat which can be sourced from optional origins, European traders said on Wednesday. The deadline for submission of price offers in the tender is February 25.

Taiwan's MFIG purchasing group bought about 65,000 tons of animal feed corn expected to be sourced from the United States in an international tender on Wednesday, European traders said.

Commodity funds were net sellers of Chicago Board of Trade corn, wheat, soybean and soyoil futures contracts on Wednesday, traders said. Funds were net buyers of soymeal futures, they said

MARKETS NEWS

An index of global shares was lower on Wednesday, pressured by choppy trading on Wall Street and a dip in European stocks, as Trump's latest tariff threats on auto, semiconductor and pharmaceutical imports injected a sense of caution into the markets. MKTS/GLOB