GRAINS-Soybeans fall as market awaits Chinese buying; wheat, corn fall

SINGAPORE, Nov 6 (Reuters) - Chicago soybean futures slid on Thursday, as muted Chinese demand for U.S. cargoes despite easing trade tensions between the two countries kept a lid on prices.

Wheat and corn prices fell.

FUNDAMENTALS

The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 fell 0.4% to $11.29-1/4 a bushel, as of 0106 GMT, having closed higher in the last session. Wheat Wv1 have up 0.6% to $5.51-1/2 a bushel and corn Cv1 lost 0.4% to $4.33-1/2 a bushel.

China has decided to suspend retaliatory tariffs on U.S. imports, including duties on farm goods, after last week's meeting of the two countries' leaders, Beijing confirmed on Wednesday, but imports of U.S. soybeans still face a 13% tariff.

The news spurred some gains in prices on Wednesday, but the lack of Chinese buying of U.S. cargoes curbed the upside potential in prices.

The suspension of the U.S. Department of Agriculture's flash export sales reports, which usually track large export volumes, amid an ongoing government shutdown has also made it harder for market participants to confirm any sales to China.

The wheat market faced pressure from prospects for higher supplies from Russia, the world's No. 1 wheat exporter.

The Russian government is considering a near doubling grain export quota of 20 million metric tons for the second half of the marketing season, from February 15 to June 30, 2026, according to a draft document published by the Russian Grain Union lobby group on Wednesday.

MARKET NEWS

Major stock indexes gained on Wednesday as corporate earnings and U.S. private payrolls data were stronger than expected, while Treasury yields surged following the day's economic data. MKTS/GLOB

DATA/EVENTS (GMT)

0030 Japan S&P Global Comp Op Final SA Oct

0030 Japan S&P Global SVC PMI Final SA Oct

0700 Germany Industrial Output MM Sep

0700 Germany Industrial Production YY SA Sep

0930 UK S&P GLOBAL PMI: MSC COMPOSITE - OUTPUT Oct

1200 UK BOE Bank Rate Nov