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* Hotter, drier weather expected in U.S. corn, soy belt
* Market awaits U.S. planting data to gauge rain losses
* Wheat falls on drier winter crop harvest forecast (Recasts with U.S. market open, adds quote, updates prices, changes byline, changes dateline; previous PARIS/SINGAPORE)
CHICAGO, June 27 (Reuters) - U.S. corn and soybean futures drifted lower on Thursday as investors squared positions ahead of government reports on acreage and stocks due on Friday and as improving U.S. Midwest weather boosted crop prospects.
Wheat futures also eased as a hotter, drier forecast for the southern U.S. Plains was seen accelerating maturity and harvesting of the winter crop.
Forecasters expect above normal temperatures and below normal precipitation across much of the U.S. farm belt over the next 10 days.
The improved weather was likely to benefit recently sown corn and soybeans following excessive spring rains and flooding that delayed planting and dragged down crop conditions.
"Plants need sunlight, warmth and water, and they've gotten a lot of one but not the others. Now they're going to be getting some heat and sun," said Ted Seifried, chief ag market strategist at Zaner Group.
"We could see crop conditions improve significantly over the next two weeks," he said.
Chicago Board of Trade September corn fell 3-1/2 cents to $4.46 a bushel by 11:30 a.m. CDT (1730 GMT), while July soybeans shed 6-3/4 cents to $8.87-1/2 a bushel and broke through chart support at its 100-day moving average.
CBOT September wheat was down 3 cents to $5.43-1/2 a bushel after earlier hitting a 7-1/2 month high of $5.57-1/4.
Many traders were squaring market positions ahead of Friday's U.S. Department of Agriculture (USDA) acreage and quarterly stocks reports, before the end of the month and quarter.
Concerns about a potentially crop-damaging heat wave in Europe and lower-than-expected plantings in Canada have supported wheat prices this week.
Canada's statistics agency pegged wheat plantings at 24.6 million acres, down slightly from last year's 24.7 million and well below the average trade expectation of 25.7 million acres.
Temperatures in parts of France and Germany reached 40 degrees Celsius (104oF), adding to doubts about harvest yields following recent hot, dry weather in top wheat exporter Russia.
Weekly export sales of corn and soy were within the range of trade expectations. Corn sales last week totalled about 405,000 tonnes for shipment in the current and upcoming crop years, while soybean sales were about 487,700 tonnes, USDA said.
Wheat export sales jumped to nearly 612,000 tonnes, topping trade expectations. (Additional reporting by Naveen Thukral in Singapore and Gus Trompiz in Paris; Editing by Sherry Jacob-Phillips/Uttaresh.V, Emelia Sithole-Matarise and Tom Brown)