* Wheat firms for 2nd day as market recovers from 10-day low
* Soybeans tick lower, give up last session's gains
(Adds details, quotes) SINGAPORE, April 18 (Reuters) - Chicago wheat futures rose for a second session on Wednesday, as investors bought the commodity after prices dropped to a 10-day low earlier this week. Soybeans ticked lower, giving up some of Tuesday's gains with focus on U.S. planting, while corn edged higher following a drop to a near two-week low in the last session. The most-active wheat contract on the Chicago Board Of Trade rose 0.3 percent to $4.67-1/2 a bushel by 0351 GMT, after closing up 0.9 percent in the previous session. Soybeans gave up 0.1 percent to $10.44-1/2 a bushel after closing up 0.4 percent on Tuesday, and corn added 0.1 percent to $3.80-3/4 a bushel, having closed down 0.6 percent in the previous session. "U.S. weather has been improving and it remains to be seen how much the winter crop can recover," said one Australia-based commodities analyst. "If the yields are good we will see lower wheat prices in the second half of the year." The USDA said late on Monday that 31 percent of the U.S. wheat crop is in good to excellent condition, up from 30 percent last week. A year ago, the crop was rated 54 percent good to excellent. The USDA said 3 percent of the corn crop was planted as of Sunday, lagging market forecasts. The spotlight in agricultural markets is on the U.S.-China trade war. China said on Tuesday it will slap a hefty anti-dumping deposit on imports of U.S. sorghum, stirring trade tensions between the world's top two economies. China is the biggest buyer of U.S. soybeans and any moves it makes on its commodity purchases ripple across the agriculture sector. Commodity funds were net buyers of CBOT soybeans, wheat and soymeal futures contracts on Tuesday, but net sellers of corn and soyoil, traders said.
Grains prices at 0351 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI CBOT wheat 467.50 1.25 +0.27% -1.06% 470.93 45 CBOT corn 380.75 0.50 +0.13% -1.42% 384.24 38 CBOT soy 1044.50 -1.50 -0.14% -0.92% 1040.06 51 CBOT rice 13.11 -$0.05 -0.34% +0.00% $12.51 76 WTI crude 66.85 $0.33 +0.50% +0.95% $63.87 65
Euro/dlr $1.237 $0.004 +0.36% +0.39% USD/AUD 0.7766 0.000 +0.00% +0.15%
Most active contracts Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight RSI 14, exponential
(Reporting by Naveen Thukral; Editing by Biju Dwarakanath)