* Soybeans down 1 pct, touches lowest since mid-September
* Crop-friendly U.S. weather outweighs USDA stocks cut
* Wheat eases after surge on USDA cut to Russian harvest
(Updates with European trading, changes byline/dateline) PARIS/SINGAPORE, June 13 (Reuters) - Chicago soybeans slipped on Wednesday to a nine-month low as investors turned their attention from a lower than expected forecast of U.S. stocks next season back towards favourable growing weather for Midwest crops. Wheat gave up 1 percent after surging on Tuesday when the U.S. Department of Agriculture (USDA) stirred the market with a sharp cut to its estimate of Russian production. Corn inched lower after also rallying on the back of the USDA's monthly crop report, with benign crop conditions also curbing prices. The Chicago Board of Trade most-active soybean contract was down 1.0 percent at $9.44-1/2 a bushel at the end of the overnight session, having dropped earlier in the session to the lowest since Sept. 12 at $9.42. The USDA lowered its forecasts for U.S. corn and soy ending stocks for the 2018/19 crop year that begins on Sept. 1. by more than expected by analysts, helping push futures higher on Tuesday. But favourable U.S. weather remained the focus, encouraged by high crop ratings and recent rainfall. "The USDA's changes were more on the wheat and corn side. For soybeans there wasn't so much news. We're really going to depend on U.S. weather forecasts for the next few months," a European trader said. There has been some concern about potential dryness in parts of the Midwest but rains in the past week have helped corn and soybean crops. "Midwest rains aid most corn/soy but drier trend in southwestern quarter (of the region)," Commodity Weather Group said in a daily note. CBOT corn eased 0.4 percent to $3.76 a bushel, after gaining 2.8 percent in the previous session. Wheat was down 1.1 percent at $5.28-1/2 a bushel, after rallying almost 4 percent on Tuesday. The USDA it cut its Russia wheat harvest estimate to 68.50 million tonnes from 72.00 million, fuelling concern about the impact of dry weather on several wheat-exporting countries and overshadowing an increase to forecast U.S. all-wheat production. Australia, meanwhile, on Wednesday cut its wheat production forecast by nearly 8 percent for 2018/19 as prolonged dry weather across the country's east coast crimps national output.
Prices at 1253 GMT
Last Change Pct End Ytd Pct Move 2017 Move CBOT wheat 528.50 -6.00 -1.12 427.00 23.77 CBOT corn 376.00 -1.50 -0.40 350.75 7.20 CBOT soy 944.25 -9.75 -1.02 961.75 -1.82 Paris wheat Dec 185.75 -1.25 -0.67 170.00 9.26 Paris maize Aug 167.00 -1.50 -0.89 167.75 -0.45 Paris rape Aug 349.75 -1.50 -0.43 349.00 0.21 WTI crude oil 66.01 -0.35 -0.53 60.42 9.25 Euro/dlr 1.18 0.00 0.24
Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne
(Reporting by Gus Trompiz in Paris and Naveen Thukral in Singapore; Editing by Subhranshu Sahu and Louise Heavens)