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GRAINS-Corn, soybeans steady as data awaited; wheat eases after gains

Gus Trompiz and Naveen Thukral

* Forecasts of benign U.S. weather keeps a lid on prices

* Corn near 3-1/2 month low struck this week

* Grain market eyes weekly exports, monthly crop data

(Updates with European trading, changes byline/dateline) PARIS/SINGAPORE, Sept 6 (Reuters) - Chicago corn futures edged higher on Friday but held near a 3-1/2 month low struck earlier in the week as benign weather for U.S. crops reinforced expectations of good harvest yields. Soybeans ticked up, steadying after losses on Friday, while wheat eased after rebounding from a 3-1/2 month low on Tuesday. Grain markets were subdued as traders awaited weekly U.S. export data on Friday and turned their attention to next week's September supply-and-demand report from the U.S. Department of Agriculture (USDA). Investors were also awaiting monthly U.S. jobs data. The most-active corn contract on the Chicago Board Of Trade was up 0.1% at $3.59-1/4 a bushel by 1154 GMT, close to Wednesday's low of $3.56-1/2. CBOT soybeans were up 0.3% at $8.64-1/4 while CBOT wheat eased 0.5% to $4.63-3/4. "The key fundamental factor is the U.S. weather which has put pressure on prices," said Phin Ziebell, agribusiness economist, National Australia Bank. Weather forecasts are yet to show frost risks in major Midwest growing regions, easing fears that late-planted corn and soy could suffer yield losses. "Warm/showery pattern aids late corn/soy growth," the Commodity Weather Group said of the forecast for the next two weeks, adding that the longer-term outlook into early October suggested limited frost risks. Traders are also monitoring signs of any breakthrough in a U.S.-Chinese trade dispute that has stalled U.S. crop exports to China, notably soybeans. "Any positive news from U.S.-China trade talks is likely to support soybean and corn prices," Ziebell said. China and the United States agreed to hold high-level talks in early October, raising hopes for a thaw in their trade dispute. Chicago corn and soybean prices have also been capped by ample global supplies, padded by bumper harvests in South America. INTL FCStone on Thursday projected Brazil's 2019/20 soybean crop at 121.41 million tonnes, up from 115.07 million in 2018/19. Wheat markets have also been weighed down by big global supply, boosted by northern hemisphere harvests. Traders are watching for the results of a wheat tender called by Saudi Arabia, which has changed its terms to enable Black Sea origins such as Russian wheat to be offered.

Prices at 1154 GMT

Last Change Pct End 2018 Ytd PctMove MoveCBOT wheat 463.75 -2.50 -0.54 503.25 -7.85CBOT corn 359.25 0.50 0.14 375.00 -4.20CBOT soy 864.25 2.75 0.32 895.00 -3.44Paris wheat Dec 166.75 -0.25 -0.15 191.25 -12.81Paris maize Nov 161.50 0.00 0.00 175.25 -7.85Paris rape Nov 382.25 -1.00 -0.26 364.00 5.01WTI crude oil 55.40 -0.90 -1.60 45.41 22.00Euro/dlr 1.10 0.00 -0.11 1.1469 -3.91

Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne

(Reporting by Gus Trompiz in Paris and Naveen Thukral in Singapore; Editing by Sriraj Kalluvila and David Evans)