Corn jumps 1.2% to 2013 high on tightening global supplies; wheat firms

SINGAPORE, May 6 (Reuters) - Chicago corn futures climbed more than 1% on Thursday to their highest in more than eight years, as concerns over dry weather in Brazil and strong demand from animal feed producers buoyed the market.

Wheat extended gains and soybeans edged higher.

FUNDAMENTALS

* The most-active corn contract on the Chicago Board of Trade (CBOT) added 1.2% to $7.16-3/4 a bushel as of 0023 GMT. It touched $7.18 a bushel earlier in the session, its highest level since March 2013.

* Wheat gained 0.3% to $7.47 a bushel and soybeans rose 0.4% to $15.48 a bushel.

* Dry weather in Brazil is continuing to raise concerns about global supplies.

* Brazil's cereal exporter association Anec on Wednesday said the country would ship some 32 million tonnes of corn this year, 1.6 million tonnes less than in 2020.

* China cancelled purchases of 140,000 tonnes of U.S. corn for delivery in the 2020/2021 marketing year, following the recent surge in prices, the U.S. Department of Agriculture (USDA) said.

* Still, the USDA reported that exporters sold 184,100 tonnes of U.S. corn to Mexico and a total of 147,320 tonnes to unknown buyers.

* French soft wheat shipments outside the European Union last month were the lowest for an April in nine years, as exports to Morocco and Algeria eased, Refinitiv data showed.

* Soft wheat exports to destinations outside the EU-27 and Britain totalled 665,600 tonnes in April, the 10th month of the 2020/21 season, an initial estimate based on Refinitiv loading data showed.

* Commodity funds were net buyers of CBOT corn, wheat, soybean and soymeal futures contracts on Thursday, traders said.

MARKET NEWS

* Stock indexes mostly rose globally on Wednesday, although the Nasdaq ended lower for the second day, while the U.S. dollar eased off its highest in more than two weeks.

DATA/EVENTS (GMT) 0600 Germany Industrial Orders MM March 0600 UK Reserve Assets Total April 1100 UK BOE Bank Rate May 1100 UK GB BOE QE Corp May 1230 US Initial Jobless Clm Weekly (Reporting by Naveen Thukral; Editing by Rashmi Aich)