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GRAINS-Soybeans hesitant as market weighs brisk demand, Brazil weather

* Soybeans supported by U.S., China demand

* Favourable Brazilian crop weather caps gains

* Wheat edges up after sharp fall on Wednesday

* Corn hovers near 1-year low as big U.S. yields weigh

(Updates with European trading, changes dateline) PARIS, Nov 16 (Reuters) - Chicago soybean futures were little changed on Thursday as investors assessed the impact of brisk demand for U.S. supplies against improving growing weather in top exporter Brazil. Corn edged higher, consolidating close to a one-year low struck a day earlier as the market grappled with a U.S. government forecast pointing to a record harvest yield. Wheat also ticked higher, steadying after a technically driven slide on Wednesday. The Chicago Board of Trade most-active soybean contract was unchanged on the day at $9.76-1/4 a bushel by the end of the overnight session. This came after a 0.9 percent gain in the last session when the soybean market was buoyed by strong U.S. crushing data for October and an increased estimate of Chinese imports this season. "Both pieces of news helped oilseed prices," said Tobin Gorey, director of agricultural strategy at Commonwealth Bank of Australia. U.S. soybean processors accelerated their crush pace in October to the fifth highest on record and second highest ever for the month, the National Oilseed Processors Association said on Wednesday. China, the world's biggest soybean importer, will import 100 million tonnes of the oilseed in 2017/18, a senior executive at COFCO Corp forecast on Wednesday, topping official U.S. and Chinese estimates. Weekly U.S. data on Thursday, meanwhile showed just over 1.1 million tonnes of soybean export sales for the current season, at the low end of market estimates. The favourable demand indicators have taken attention away from a bumper U.S. crop as harvesting winds down. But beneficial rainfall in Brazil, after a planting was initially delayed by dryness, was keeping a lid on gains. "Favorable weather (is) on the way for much of Brazil with the notable exception of the Northeast," Thomson Reuters Agriculture Research analysts said in a note, adding that soy and corn planting were progressing at a near average pace. CBOT wheat gained 0.5 percent to $4.22-1/4 a bushel after dropping 1.9 percent on Wednesday. Corn added 0.1 percent to $3.38-1/2, holding close to a one-year low of $3.37 touched in the previous session. In the wheat market, the focus is on Egypt which set a tender on Wednesday to buy an unspecified amount of wheat from global suppliers for shipment from Jan. 1-10. Russian wheat again dominated offers in the ongoing tender but traders are watching to see if trade with the world's top wheat importer is hampered by renewed uncertainty over import terms.

Prices at 1407 GMT

Last Change Pct End Ytd Pct Move 2016 Move CBOT wheat 422.25 2.25 0.54 408.00 3.49 CBOT corn 338.50 0.25 0.07 352.00 -3.84 CBOT soy 976.25 0.00 0.00 1004.00 -2.76 Paris wheat Dec 159.00 -0.25 -0.16 175.00 -9.14 Paris maize Nov 155.25 0.50 0.32 171.00 -9.21 Paris rape Nov 379.50 2.00 0.53 393.00 -3.44 WTI crude oil 55.12 -0.21 -0.38 53.72 2.61 Euro/dlr 1.18 0.00 -0.20

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

(Reporting by Naveen Thukral and Gus Trompiz; editing by Richard Pullin, Biju Dwarakanath and Jane Merriman)