GRAINS-Soybean prices edge down, mark lowest in nearly 2 weeks

SYDNEY, Sept 12 (Reuters) - U.S. soybean futures inched down on Wednesday to mark their lowest in nearly two weeks, with traders squaring positions ahead of widely watched U.S. government forecasts later in the session.


* The most active soybean futures on the Chicago Board of Trade had fallen 0.1 percent to $8.31 a bushel by 0152 GMT, after earlier touching their lowest since Aug. 31 at $8.30-1/4 a bushel. Soybeans closed down 1.6 percent in the previous session.

* The most active wheat futures were up 0.1 percent at $5.19-1/4 a bushel, after ending down 1.8 percent on Tuesday.

* The most active corn futures fell 0.2 percent to $3.66-1/4 a bushel, having closed the previous session down 0.1 percent.

* The U.S. Department of Agriculture will on Wednesday report its latest estimate for the size of the upcoming U.S. corn and soybean harvests.

* Analysts are expecting the USDA to trim its estimate of U.S. corn yields, but the harvest outlook will still forecast a bumper crop.

* Ukraine increased its 2018 grain harvest forecast to 63.1 million tonnes from a previous estimate of at least 60 million tonnes, the acting agriculture minister said on Tuesday.

* The country expects grain exports to rise to 42 million tonnes in the 2018/19 marketing year.


* The U.S. dollar edged up against a basket of major currencies on Tuesday as concerns about trade friction between China and the United States prompted some safe-haven buying of the currency.

* Oil prices climbed on Wednesday after a report of falling crude inventories and the looming sanctions against Iran fuelled expectations of a tightening market.

* U.S. stocks rose on Tuesday as Apple led a jump in technology shares.


0900 Euro zone Industrial production Jul

1800 U.S. Federal Reserve Beige Book of economic conditions

Grains prices at 0152 GMT

Contract Last Change Pct chg Two-day chg MA 30 CBOT wheat 519.25 0.50 +0.10% -1.70% 550.39 CBOT corn 366.00 -0.75 -0.20% -0.34% 371.32 CBOT soy 831.00 -0.75 -0.09% -1.69% 866.97 CBOT rice 10.80 $0.05 +0.47% -1.10% $10.82 WTI crude 69.79 $0.54 +0.78% +3.33% $68.04


Euro/dlr $1.159 -$0.002 -0.13% -0.02% USD/AUD 0.7094 -0.003 -0.39% -0.28%

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)