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GRAINS-Wheat stuck near lows, soybeans extend gains

* Wheat little changed in pause from recent slide

* Egypt tender highlights glut of Black Sea supplies

* Soybeans rise for 2nd day, export demand supports

* Corn steadies as market assess crop weather

(Updates with European trading, changes byline/dateline) PARIS/SINGAPORE, Aug 17 (Reuters) - Chicago wheat was little changed on Thursday, hovering close to contract lows struck a day earlier, as signs of competitive Black Sea exports kept the focus on large global supplies. Corn inched higher after dropping to its lowest since late June on Wednesday, with traders assessing the impact of rainfall in dry parts of the U.S. Midwest crop belt. Soybean prices rose for a second day, helped by export demand. The Chicago Board of Trade front-month September wheat had inched down 0.2 percent to $4.18-1/2 a bushel by 1114 GMT, after dropping 2.4 percent in the last session to a contract low at $4.17. "Fundamentals are bearish for wheat, supplies are really good overall and it is a buyer's market," Phin Ziebell, agribusiness economist at National Australia Bank, said. "We had weather related issues and there were low plantings in the U.S. but we have big supplies coming from other parts of the world." Forecasters are expecting a record Russian wheat crop and the bumper volume was reflected in a long list of offers in a tender by Egypt on Wednesday in which the world's largest wheat importer booked 295,000 tonnes of Russian wheat and 60,000 tonnes of Ukraine wheat. No U.S. wheat was offered in the tender. In India, meanwhile, farmers harvested a record 98.38 million tonnes of wheat in the crop year to June, data released by the country's farm ministry showed on Wednesday. The most active CBOT corn contract added 0.2 percent to $3.67-1/4 a bushel, while soybeans gained 1.0 percent to $9.34 a bushel. Corn and soybeans have been weighed down by improving weather conditions in the Midwest, which coincided with higher than anticipated yield forecasts from the U.S. government in a closely watched Aug. 10 report. Rain this week and moderate temperatures should benefit Midwest crops, although traders remained cautious about how much moisture would reach some zones that have been dry this summer. Soybeans drew support from Wednesday's announcement that a delegation of importers from China signed agreements to buy 3.8 million tonnes of U.S. soybeans. A record Brazilian crop has been expected to take export market share from the United States, but Brazilian farmers have been reluctant to sell even as storage capacity fills up. "Many (Brazilian) producers are refusing to sell at the current low prices, which leaves local supply stuck at a high level," Commerzbank analysts said in a note. "This supply is likely to flood the market if prices rise, and should therefore limit price increases." Grain markets will get a further indication of export demand in weekly U.S. export sales data due at 1230 GMT.

Prices at 1114 GMT

Last Change Pct End Ytd Pct Move 2016 Move CBOT wheat 446.50 -0.50 -0.11 408.00 9.44 CBOT corn 367.25 0.75 0.20 352.00 4.33 CBOT soy 934.00 8.75 0.95 1004.00 -6.97 Paris wheat Dec 163.25 0.00 0.00 175.00 -6.71 Paris maize Nov 162.00 0.25 0.15 170.00 -4.71 Paris rape Nov 368.50 2.25 0.61 383.25 -3.85 WTI crude oil 46.66 -0.12 -0.26 53.72 -13.14 Euro/dlr 1.17 -0.01 -0.59

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 Gopakumar Warrier and Susan Thomas)