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* Wheat prices regain some ground ahead of U.S. holiday
* Focus in wheat market on Algeria's tender on Thursday
* Corn underpinned by lower than normal U.S. crop ratings (Adds quote, background, updates prices)
LONDON, July 3 (Reuters) - Chicago corn futures rose for a second session on Wednesday with prices underpinned by concerns over late-planted crops in the U.S. Midwest which remain vulnerable to adverse weather.
Wheat and soybean prices also rose as some traders began to unwind positions ahead of Thursday's U.S. holiday.
The most-active corn contract on the Chicago Board of Trade was up 0.9% at $4.30 a bushel by 1145 GMT, having gained 0.8% in the previous session.
The U.S. Department of Agriculture (USDA) on Monday pegged the condition of the corn crop at 56% good-to-excellent, unchanged from the previous week. Analysts polled by Reuters had expected a slight improvement.
A year ago, 76% of the corn crop was rated good-to-excellent.
On Friday, the USDA surprised traders by estimating U.S. 2019 corn plantings at 91.7 million acres, prompting prices to post their steepest loss in three years.
"This (worse that expected ratings) allowed the uncertainty surrounding last week's report of a higher than expected acreage to take something of a back seat," Commerzbank said in a note.
"Given the problems caused to planting by excessive rainfall, the way the weather now develops is particularly important if high yield shortfalls are to be avoided."
Wheat prices were also higher with the CBOT's most active contract up 0.9 percent at $5.08 a bushel and December wheat on Paris-based Euronext up 0.3 percent at 182.25 euros a tonne.
Dealers said prices had recovered some ground after falling sharply during the last few days but the mood remained bearish with harvests in the U.S. and Russia making good progress.
There remained, however, some crop concerns.
"This is the uncertainty about the yield of late European cereals exposed to the recent heatwave and doubts about the Russian winter wheat yields in the central and Volga regions," French analysts Agritel said in a market note.
Dealers noted Egypt was able to buy 60,000 tonnes of Romanian wheat at a low price earlier this week and the market's focus had now shifted to an Algerian tender which is due to close on Thursday.
Soybeans on the Chicago Board of Trade rose 0.5 percent to $9.03-1/4 a bushel, regaining some ground after falling by 1.1 percent on Tuesday. (Additional reporting by Naveen Thukral in Singapore; Editing by Kenneth Maxwell and David Evans)