CANBERRA, March 24 (Reuters) - U.S. soybean futures on Wednesday edged away from a two-week high touched in the previous session, as a stronger U.S. dollar dented the commodity’s export prospects.
* The most-active soybean futures on the Chicago Board Of Trade were down 0.1% at $14.22-1/4 a bushel by 0126 GMT, having firmed 0.4% on Tuesday when prices hit a March 10 high of $14.35 a bushel.
* The most-active corn futures edged down 0.3% to $5.49-3/4 a bushel, having gained 0.4% in the previous session.
* The most-active wheat futures were up 0.1% at $6.35-1/4 a bushel, having closed up 1.2% on Tuesday.
* Delays to Brazil’s second-crop corn planting had investors concerned, while recent purchases of U.S. corn by China eroded already tight supplies.
* The U.S. Department of Agriculture’s (USDA) March 31 quarterly stocks and planting intentions reports, with an anticipated increase in corn acres, is pressuring corn prices.
* The USDA’s National Agricultural Statistics Service in a weekly crop report on Monday rated 45% of the Kansas winter wheat crop in good to excellent condition, up from 38% a week earlier.
* The dollar index rose against a basket of most major currencies on Tuesday, surpassing a two-week high, while yields on U.S. Treasuries slipped as U.S. Federal Reserve Chair Jerome Powell told Congress inflation will not get out of hand.
* Oil prices plunged about 6% on Tuesday, falling even lower in post-settlement trade, as concerns over new pandemic curbs and slow vaccine rollouts in Europe added to oversupply uneasiness.
* Asian stocks were poised to follow Wall Street lower on Wednesday as the cost of the U.S. stimulus and infrastructure plans and new pandemic curbs limited investors’ risk appetite.
Reporting by Colin Packham; Editing by Devika Syamnath