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GRAINS-Corn extends gains into 8th session, near one-year peak

SYDNEY, May 22 (Reuters) - U.S. corn futures extended gains into an eighth session on Wednesday, hovering near a one-year high amid fears that adverse weather in a key North American producing region would further delay planting.

FUNDAMENTALS

* The most active corn futures on the Chicago Board of Trade had risen 0.3% to $3.95-1/4 a bushel by 0016 GMT. They closed up 1.4 percent on Tuesday, after prices earlier in the day touched their highest since June at $3.99 a bushel.

* The most active wheat futures were steady at $4.78-3/4 a bushel, after inching up 0.1% on Tuesday when prices marked their highest since Feb. 25 at $4.93 a bushel.

* The most active soybean futures were up 0.4% at $8.25 a bushel, having closed down 1.2% on Tuesday.

* The U.S. Department of Agriculture said a lower-than-expected 49% of the U.S. corn crop has been planted, the slowest pace on record, based on data going back to 1980. Soybeans were 19% planted, also short of market expectations.

* Soybean prices were pressured on expectations the USDA may soon announce a trade-war aid package for farmers that could boost soybean plantings and possibly further swell record-large stocks of the oilseed.

MARKET NEWS

* The U.S. dollar was higher against the euro and the yen on Tuesday in a day of risk-on trades after U.S. President Donald Trump temporarily eased curbs on China's Huawei Technologies Co Ltd.

* Oil futures were steady on Tuesday as the prospect of mounting U.S.-Iran tensions disrupting supply was offset by concerns that a lengthy trade war between Washington and Beijing would limit crude demand.

* Shares of technology companies helped lift Wall Street on Tuesday.

DATA/EVENTS (GMT)

0830 UK CPI YY April1800 US Federal Open Market Committee will release

the minutes from its April 30-May 1 policy meeting

Grains prices at 0016 GMT

Contract Last Change Pct chg Two-day chg MA 30 RSICBOT wheat 478.75 0.00 +0.00% +0.10% 449.47 79CBOT corn 395.25 1.00 +0.25% +1.61% 368.41 82CBOT soy 825.00 3.00 +0.36% -0.81% 855.90 48CBOT rice 11.29 -$0.02 -0.18% +0.58% $10.79 86WTI crude 62.67 -$0.46 -0.73% -0.68% $63.23 55

Currencies

Euro/dlr $1.117 $0.001 +0.06% -0.04%USD/AUD 0.6882 0.000 -0.01% -0.35%

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)