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.


* 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.


* 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.


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


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)