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GRAINS-Corn extends gains into fourth session, market eyes dry weather

SYDNEY, July 8 (Reuters) - U.S. corn futures rose for a fourth consecutive session on Monday as forecasts of a hot, dry weather threatened new crops, supporting prices.

FUNDAMENTALS

* The most active corn futures on the Chicago Board Of Trade Cv1> were up 0.9% at $4.46-1/4 a bushel, as of 0101 GMT, having gained 0.2% in the previous session.

* The most active soybean futures rose 0.6% to $9.00-1/4 a bushel, having closed down 1.6% on Friday when prices hit a low of $8.93 a bushel - the lowest since June 27.

* The most active wheat futures climbed 0.2% to $5.16 a bushel, having closed up 0.2% on Friday.

* Corn draws support as forecasts call for hot weather across the U.S. Midwest, stoking further concerns about crops amid recent unfavorable weather.

* Soybeans under pressure from China's continued struggle with African swine fever.

DATA/EVENTS

0600 Germany Industrial Output MM MayN/A Bank of Japan Governor Haruhiko Kuroda delivers speech at regional

branch managers' quarterly meeting

Grains prices at 0101 GMT

Contract Last Change Pct chg Two-day chg MA 30 RSICBOT wheat 516.00 1.00 +0.19% +0.39% 521.97 46CBOT corn 446.25 4.00 +0.90% +1.13% 439.48 58CBOT soy 900.25 5.75 +0.64% -0.94% 906.28 42CBOT rice 11.50 $0.00 +0.00% +2.09% $11.79 48WTI crude 57.61 $0.10 +0.17% +0.47% $55.62 52

Currencies

Euro/dlr $1.122 $0.000 -0.03% -0.56%USD/AUD 0.6978 0.000 -0.01% -0.58%

Most active contracts Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight RSI 14, exponential

(Reporting by Colin Packham, Editing by Sherry Jacob-Phillips)