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GRAINS-Soybean prices edge down, but remain near three-week high

SYDNEY, Sept 6 (Reuters) - U.S. soybean prices inched lower on Wednesday, but remained near a three-week high as forecasts for dry weather for the remainder of the growing season stoked fears of potential yield losses.

FUNDAMENTALS

* The most active soybean futures on the Chicago Board of Trade were down 0.1 percent at $9.67-3/4 a bushel by 0056 GMT. They firmed 2 percent on Tuesday, when prices hit their highest since Aug. 10 at $9.73-1/2 a bushel.

* The most active corn futures were down 0.4 percent at $3.57-1/4 a bushel, having gained 0.9 percent in the previous session.

* The most active wheat futures dropped 0.5 percent to $4.40-3/4 a bushel, after closing up 1 percent on Tuesday.

* The U.S. Department of Agriculture rated 61 percent of the U.S. corn crop in good-to-excellent condition, down from 62 percent a week earlier. Analysts surveyed by Reuters on average expected no change.

* The USDA said 12 percent of the corn crop was mature, behind the five-year average of 18 percent.

* The USDA rated 61 percent of the soybean crop as good-to-excellent, unchanged from the previous week.

* Forecasts called for dry weather across much of the Midwest for the next 10 days, potentially stressing the maturing U.S. soybean crop.

* The USDA on Tuesday said private exporters sold 136,000 tonnes of U.S. soybeans to China, following a string of similar sales announcements since mid-August.

MARKET NEWS

* The dollar edged down against the yen on Wednesday, getting closer to a recent 4-1/2 month low, pressured by simmering tensions on the Korean peninsula and on comments by a Federal Reserve official about low U.S. inflation.

* Crude oil prices rose and gasoline fell by about 3 percent on Tuesday as the gradual restart of refineries in the U.S. Gulf that were shut by Hurricane Harvey raised demand for crude and eased fears of a fuel supply crunch.

* U.S. stocks sank on Tuesday, with the S&P 500 stumbling to its biggest single-day loss in about three weeks, as investors weighed fresh tensions with North Korea.

DATA AHEAD (GMT)

0600 Germany Industrial orders Jul 1230 U.S. International trade Jul 1400 U.S. ISM non-manufacturing PMI Aug

1800 Federal Reserve issues Beige Book of economic conditions

Grains prices at 0056 GMT

Contract Last Change Pct chg Two-day chg MA 30 RSI CBOT wheat 440.75 -2.25 -0.51% +0.46% 460.48 65 CBOT corn 357.25 -1.25 -0.35% +0.56% 368.90 47 CBOT soy 967.75 -0.75 -0.08% +1.92% 956.67 67 CBOT rice 12.73 -$0.04 -0.35% -1.66% $12.62 58 WTI crude 48.62 -$0.04 -0.08% +2.81% $48.25 62

Currencies

Euro/dlr $1.192 $0.001 +0.08% +0.23% USD/AUD 0.8009 0.001 +0.18% +0.84%

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)