Successful Farming (04/11/2020) - * Market weighs close U.S. vote, crop weather * Soybeans ticks up, corn and wheat edge lower * South American weather, Chinese demand remain in focus (Updates with European trading, changes byline/dateline) By Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, Nov 4 (Reuters) - Chicago corn, wheat and soybean futures were little changed on Wednesday as a tight U.S. presidential election encouraged grain markets to consolidate after recent price swings. Soybeans edged up, underpinned by firm export demand and a rally in palm oil futures, another major oilseed market, while wheat and corn ticked down. Crop weather risks remained a focus, particularly for corn and soybean crops in South America, and winter wheat in the United States and Russia. The most-active soybean contract on the Chicago Board of Trade was up 0.5% at $10.69 a bushel, as of 1154 GMT. CBOT corn inched down 0.1% to $4.00-1/2 a bushel and wheat was down 0.4% at $6.05-3/4 a bushel. Tuesday's U.S. presidential election pitting President Donald Trump against Joe Biden proved far closer than polls had predicted, with decisive remaining results still pending and the prospect of court challenges looming. "Until we get more news on the rest of the states we're going to see a bit of risk off," Matt Ammermann, a commodity risk manager at StoneX, said of the U.S. election. The election uncertainty coupled with beneficial rain for crops in Brazil may lead China to slow brisk recent purchases of U.S. soybeans and corn, Ammermann said. However, a La Nina weather pattern remains a risk for the South American growing season after recent dryness in Brazil and Argentina. "If Brazil has one more (adverse) weather event, I think that could really push China to go and buy more from the U.S.," Ammermann added. In a sign of tight Brazilian supplies before the exporter's next harvest, a U.S. grain export terminal is loading about 38,000 tonnes of U.S. soybeans for shipment to Brazil, according to a Southport Agencies shipping lineup seen by Reuters. Prices at 1154 GMT Last Change Pct End Ytd Pct Move 2019 Move CBOT wheat 605.75 -2.25 -0.37 558.75 8.41 CBOT corn 400.50 -0.50 -0.12 387.75 3.29 CBOT soy 1069.00 4.75 0.45 955.50 11.88 Paris wheat December 204.75 -0.50 -0.24 188.75 8.48 WTI crude oil 38.71 1.05 2.79 61.06 -36.60 Euro/dlr 1.17 0.00 -0.07 1.1210 4.40 Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne (Reporting by Gus Trompiz in Paris and Naveen Thukral in Singapore; Editing by Rashmi Aich and Emelia Sithole-Matarise)

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