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GRAINS-Soybean prices firm as US crop tour findings stoke yield concerns

SYDNEY, Aug 23 (Reuters) - U.S. soybean prices rose on Wednesday, drawing support from the findings of a widely-watched U.S. crop tour that stoked fears production would fail to meet official estimates.

FUNDAMENTALS

* The most active soybean futures on the Chicago Board of Trade had climbed 0.6 percent to $9.43 a bushel by 0107 GMT, after closing up 0.1 percent on Tuesday.

* The most active corn futures were up 0.1 percent at $3.60-1/2 a bushel, having closed down 0.8 percent in the previous session.

* The most active wheat futures were little changed at $4.29-1/4 a bushel, after ending Tuesday down 1.8 percent.

* The annual Farm Journal Midwest Crop Tour found below-average corn yield potential in Indiana and above-average in Nebraska, while soybean pod counts were average to below-average in the states.

* U.S. Department of Agriculture data released late on Monday showed the U.S. spring wheat harvest as 58 percent complete, above the five-year average pace of 51 percent.

* Top world wheat importer Egypt was looking to reject a cargo of Romanian wheat, sources said on Monday. The shipment was found to contain poppy seeds, a source with direct knowledge of the matter told Reuters.

MARKET NEWS

* The dollar rallied on Tuesday after falling for two straight days, benefiting from the euro's decline following weaker-than-expected euro zone data as well as investors adjusting positions ahead of a global central bankers' conference this week.

* Oil inched up on Tuesday, lifted by expectations of another crude stockpile drawdown in the United States but price gains were limited amid the reopening of Libya's largest oil field.

* U.S. stocks ended up on Tuesday, with each of the three major indexes posting their best one-day percentage gains in over a week, as lawmakers' comments on tax reform and the debt ceiling boosted investor optimism.

DATA/EVENT AHEAD (GMT) 0700 Speech by ECB President Mario Draghi in Germany

0700 France Markit manufacturing flash PMI Aug 0730 Germany Markit manufacturing flash PMI Aug 0800 Euro zone Markit manufacturing flash PMI Aug 1345 U.S. Markit manufacturing flash PMI Aug 1400 Euro zone Consumer confidence flash Aug 1400 U.S. New home sales Jul

Grains prices at 0107 GMT

Contract Last Change Pct chg Two-day chg MA 30 RSI CBOT wheat 429.25 0.25 +0.06% -1.77% 488.03 14 CBOT corn 360.50 0.50 +0.14% -0.69% 380.23 29 CBOT soy 943.00 5.50 +0.59% +0.72% 974.13 49 CBOT rice 12.48 -$0.02 -0.16% +0.04% $12.46 52 WTI crude 47.65 -$0.18 -0.38% +0.59% $47.99 47

Currencies

Euro/dlr $1.175 -$0.001 -0.09% -0.54% USD/AUD 0.7882 -0.002 -0.32% -0.67%

Most active contracts Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight RSI 14, exponential

(Reporting by Colin Packham; Editing by Joseph Radford)