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GRAINS-Soybeans extend losses into third straight session

SYDNEY, Oct 11 (Reuters) - U.S. soybeans fell for a third consecutive session on Thursday as ample global supplies and worries about the impact of a trade war between Washington and Beijing kept prices near a 10-day low. FUNDAMENTALS * The most active soybean futures on the Chicago Board Of Trade were down 0.2 percent at $8.51 a bushel by 0026 GMT, having closed down 1.2 percent on Wednesday when prices hit a low of $8.47 a bushel - the lowest since Oct. 1. * The most active corn futures eased 0.1 percent to $3.62-1/4 a bushel, near the session low of $3.61-3/4 a bushel - the lowest Oct 1. Corn closed down 0.7 percent in the previous session. * The most active wheat futures were down 0.1 percent at $5.10 a bushel, having closed down 0.9 percent on Wednesday. * Market eyes USDA report on Thursday. * The agency is expected to raise its U.S. corn and soybean yield and production forecasts on Thursday and increase its end-of-season U.S. and global stocks projections for corn, soy and wheat. * In a weekly report late on Tuesday, the USDA said soybeans were 32 percent harvested as of Sunday, below trade expectations and behind the five-year average of 36 percent. * The USDA pegged the corn harvest at 34 percent complete and said winter wheat seeding was 57 percent finished, both ahead of average. MARKET NEWS * The euro and sterling rose on Wednesday, underpinned by optimism for a Brexit deal, while the dollar lost ground against a basket of currencies even as U.S. bond yields hovered at multiyear peaks. * Oil prices dropped 2 percent on Wednesday as U.S. equity markets broadly fell, even though energy traders worried about shrinking Iranian supply from U.S. sanctions and kept an eye on Hurricane Michael, which closed some U.S. Gulf of Mexico oil output. * U.S. stock index futures were down slightly late Wednesday after they resumed trading for the overnight session. DATA AHEAD (GMT) 0645 France Consumer prices Sep 1230 U.S. Consumer prices Sep 1230 U.S. Weekly jobless claims 1500 U.S. Cleveland Fed CPI Sep Grains prices at 0026 GMT Contract Last Change Pct chg Two-day chg MA 30 CBOT wheat 510.00 -0.50 -0.10% -0.97% 517.53 CBOT corn 362.25 -0.50 -0.14% -0.62% 360.73 CBOT soy 851.00 -1.25 -0.15% -1.39% 845.77 CBOT rice 10.92 -$0.02 -0.18% -0.32% $10.46 WTI crude 72.54 -$0.63 -0.86% -3.23% $71.41 Currencies Euro/dlr $1.154 $0.002 +0.15% +0.40% USD/AUD 0.7065 0.001 +0.07% -0.52% Most active contracts Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight RSI 14, exponential (Reporting by Colin Packham; editing by Richard Pullin)

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