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GRAINS-Wheat down on strong production prospects; corn, soy also weak

(Updates with closing U.S. prices and USDA crop progress data, changes dateline) By Julie Ingwersen CHICAGO, April 22 (Reuters) - Chicago wheat futures fell more than 1% to a one-month low on Monday, pressured by generally favorable U.S. crop conditions and expectations of abundant global supplies, traders said. Corn fell in sympathy with wheat and on outlooks for improved planting weather in parts of the Midwest, and soybeans also slipped. Chicago Board of Trade May wheat settled down 8-1/2 cents at $4.35-3/4 per bushel after dipping to $4.35-1/4, its lowest since March 12. CBOT May corn ended down 3-3/4 cents at $3.54-3/4 a bushel and May soybeans fell 3-1/2 cents to $8.77 a bushel. CBOT soft red winter wheat futures posted the biggest declines of the three commodities, while K.C. hard red winter wheat and Minneapolis Grain Exchange spring wheat futures fell to contract lows in nearly every contract month. "Expectations are that the winter wheat is going to look really good for this afternoon. I think we all know that the spring wheat (planting progress) is behind, but I don't know that the market seems to care," said Ted Seifried, chief agricultural market strategist with Zaner Group. After the CBOT close, the U.S. Department of Agriculture rated 62% of the U.S. winter wheat crop in good to excellent condition, up from 60% a week earlier. Analysts surveyed by Reuters on average expected no change. A year ago, the USDA rated just 31% of the crop as good to excellent. The USDA said farmers had planted 6% of their intended corn acres by Sunday, behind the average trade estimate of 7% and the five-year average of 12%. The government said soybean planting was 1% complete, compared with the five-year average of 2%. The USDA said the U.S. spring wheat crop was 5% seeded, up from 2% a week ago but well behind the five-year average of 22%. In Ukraine, farmers have so far sown 2.1 million hectares of spring grain crops for the 2019 harvest, or 93% of the expected area, the agriculture ministry said. "The grains are generally weaker on what is perceived to be favorable growing conditions for the world's crops amid feed demand destruction in China," INTL FCStone chief commodities economist Arlan Suderman said in a client note. Traders were monitoring the spread of African swine fever in China, home to the world's largest hog herd. The disease, which is fatal to pigs but harmless in humans, has spread to every province on the Chinese mainland since its initial detection in August 2018. China detected new cases of the disease in Hainan province, the agriculture ministry said on Sunday. Authorities previously said they hoped the disease would not spread to Hainan, an island located off China's southern coast. CBOT settlement prices: Net Pct Volume Last change change CBOT wheat WK9 435.75 -8.50 -1.9 36282 CBOT corn CK9 354.75 -3.75 -1.1 124723 CBOT soybeans SK9 877.00 -3.50 -0.4 62527 CBOT soymeal SMK9 302.50 -0.70 -0.2 39148 CBOT soyoil BOK9 28.70 -0.10 -0.3 60818 NOTE: CBOT May wheat, corn and soybeans shown in cents per bushel, May soymeal in dollars per short ton and May soyoil in cents per lb. (Additional reporting by Naveen Thukral in Singapore; Editing by David Gregorio and Tom Brown)

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