GRAINS-Wheat steadies after 2-1/2 month low, import tenders in focus

* CBOT wheat sees slight bounce after equalling Tuesday's low

* Price drops spur import tenders from Egypt, Tunisia

* Corn, soy hover around lowest levels since late June

* Midwest rain caps corn, soy; big Russia crop curbs wheat

(Updates with European trading, changes byline/dateline) PARIS/SINGAPORE, Aug 16 (Reuters) - Chicago wheat futures edged higher on Wednesday, steadying above a 2-1/2 month low, as import tenders offered fresh demand to absorb some of a bumper crop in the Black Sea region that has been hanging over the market. Corn and soybeans were little changed and holding around their weakest levels since late June as rain in the U.S. Midwest appeared to improve harvest prospects. The Chicago Board of Trade most-active wheat contract was up 0.6 percent to $4.32-1/4 a bushel by 1055 GMT. Earlier in the session the market dropped to $4.28, matching Tuesday's low that was the weakest since June 5. The state buyer in Egypt, the world's biggest importer, and fellow grain importer Tunisia were each holding wheat tenders on Wednesday in a sign of the recent price drop stirring demand. "Wheat prices in Chicago slumped from the start of the week due to the rise of supplies in the world, mainly caused by bumper harvests in the Black Sea (region)," consultancy Agritel said in a note. "The drop of prices is pushing buyers' return." While large volumes purchased in the tenders could be supportive for prices, a wide gap between Black Sea origins such as Russian wheat and U.S. and west European origins may maintain price pressure. U.S. wheat prices have also been weighed down by rain in the southern Plains that could help sowing of winter wheat. CBOT soybeans added 0.2 percent to $9.26 a bushel, after earlier edging down to its weakest since June 30 at $9.22 a bushel. Corn inched up 0.1 percent at $3.69 a bushel. Corn slumped 2 percent in the previous session to its lowest since June 29 at $3.67-1/2 a bushel. Corn has been weighed down by the U.S. Department of Agriculture's better-than-expected crop report on Monday. Rains were falling in parts of Nebraska and Iowa and the storm system was forecast to move east, likely increasing yield potential for corn and soybeans and further weighing on prices. There was additional bearish influence for the corn market from South America. Argentina's corn area will expand to a record of more than 5 million hectares in the 2017/18 season, thanks to favourable climate conditions and attractive margins. Soybeans, meanwhile, have drawn some support from healthy export and domestic demand. U.S. soybean processors ramped up their pace of crushing during July, the National Oilseed Processors Association (NOPA) said on Tuesday.

Prices at 1055 GMT

Last Change Pct End 2016 Ytd Pct Move Move CBOT wheat 432.25 2.75 0.64 408.00 5.94 CBOT corn 369.00 0.50 0.14 352.00 4.83 CBOT soy 926.00 1.75 0.19 1004.00 -7.77 Paris wheat Dec 164.25 1.00 0.61 175.00 -6.14 Paris maize Nov 163.00 0.50 0.31 170.00 -4.12 Paris rape Nov 366.50 0.50 0.14 383.25 -4.37 WTI crude oil 47.70 0.15 0.32 53.72 -11.21 Euro/dlr 1.17 0.00 -0.26

Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne

(Reporting by Naveen Thukral in Singapore and Gus Trompiz in Paris; Editing by Tom Hogue and David Evans)