GRAINS-Soybeans, corn, wheat up after U.S. crop condition report

* U.S. crop condition ratings below expectations

* Attention turning to U.S. sowings report on Friday

(Recasts with European trade, adds new comment, changes dateline) HAMBURG, June 27 (Reuters) - U.S. soybeans, corn and wheat all rose on Tuesday after a U.S. Department of Agriculture (USDA) report said the condition of U.S. crops was worse than analysts had hoped. Traders were also positioning ahead of the USDA's June 30 U.S. sowing acreage and quarterly stocks reports, which have a history of jolting markets. Chicago Board of Trade July soybeans were up 0.8 percent at $9.14-3/4 a bushel by 1006 GMT. July corn gained 0.3 percent to $3.60-1/4 a bushel. July winter wheat rose 0.6 percent to $4.52-3/4 a bushel. Winter wheat had fallen around 2 percent on Monday on profit-taking after prices hit one-year highs last week on concern about dryness damaging U.S. spring wheat crops. Minneapolis MGEX spring wheat rose again on Tuesday as the dryness in the U. S. Plains crop belt continued to support. MGEX July was up 1.2 percent at $6.71-3/4 a bushel, hovering close to Monday's 2-1/2 year high of $6.75 a bushel. "Wheat, corn and soybeans are all seeing support today from the USDA's crop conditions report on Monday which were below market expectations for all three," said Matt Ammermann, commodity risk manager at INTL FCStone. "U.S. spring wheat conditions fell again which showed the concern about hot weather and lack of rain stressing the crop is still not over." "But U.S. corn weather is currently looking almost ideal and for soybeans I think it is a little early in the season and we still have a lot of weather to trade." In its weekly U.S. crop conditions report, the USDA rated 66 percent of U.S. soybeans in good to excellent, down from 67 percent a week earlier and behind market forecasts of 68 percent. The USDA said 40 percent of the spring wheat crop was in good to excellent condition, down from 41 percent last week and below market expectations of 41 percent. The USDA rated 67 percent of the U.S. corn crop in good to excellent condition, unchanged from last week but below analysts' expectations of 68 percent. "The market is also starting to position itself ahead of Friday's plantings report, which can traditionally generate considerable market volatility," Ammermann said. "The plantings report on Friday is expected to say slightly less corn was planted in the U.S as some farmers struggled to get the crop fully planted in time this year." "In turn the report is expected to show that more soybeans were planted." Grains prices at 1006 GMT

Contract Last Change Pct chg Two-day chg MA 30 RSI CBOT wheat 468.50 3.00 +0.64% +14.20% 412.50 47 CBOT corn 360.00 1.00 +0.28% +2.93% 349.13 30 CBOT soy 915.25 8.50 +0.94% -10.29% 993.22 38 CBOT rice $11.18 $0.00 +0.00% +13.97% $10.06 47 WTI crude $43.75 $0.37 +0.85% -7.88% $47.26 42


Euro/dlr $1.125

Most active contracts Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight

RSI 14, exponential

(Reporting by Michael Hogan, additional reporting by Naveen Thukral, editing by Louise Heavens)