* Wheat down 1.6% this week on better weather across the US Plains
* Soybeans down after four weeks of gain, corn falls for 2nd week (Recycling with movement in wheat prices, quotes in paragraph 3)
SINGAPORE, March 12 (Reuters) – Chicago wheat times have changed little on Friday, with the market set for a second weekly decline just as better weather was expected across the U.S. Ranges measuring prices.
Soybeans lost ground and were on their way to the weekend with a loss after climbing for the past four weeks. Corn has fallen and is ready for a second weekly fall.
“The impending rains to the U.S. Red Winter wheat sectors, including the western third, continue to put pressure on prices,” said Tobin Gorey, director of agricultural strategy at the Bank of China. Commonwealth in Australia.
The most active wheat contract on the Chicago Board of Trade (CBOT) has lost 1.6% this week, its second straight weekly loss. The market moved at $ 6.42-1 / 2 per bushel before 0302 GMT.
Soybeans are down 1.3% for the week, their first weekly loss in five and the biggest slump in nearly two months. Corn is down 1.8%, the second straight fall each week.
Weekend storms are expected to stop the US Plains wheat belt, much of which has been dry for several months.
The area’s winter wheat is just beginning its main spring growth phase, when the crop’s need for water is increasing.
Losses in the soybean market were limited by South American crop concerns.
Buenos Aires Trade Grains reduced its estimates of Argentine soybean harvests to 44 million tons and the corn forecast to 45 million tons, lower than the previous forecasts of 46 million tons per crop, citing dry conditions .
Commodity funds were net buyers of CBOT corn, soyoil and soybean futures contracts on Thursday and net sellers of wheat and soymeal times, traders said. (Reporting by Naveen Thukral; Editing by Rashmi Aich)