BEIJING, July 28 (Reuters) - Chicago soybean futures

fell on Monday, weighed down by trade uncertainty, sluggish

demand and favourbale weather in the Midwest.

Corn dropped on prospects of a large harvest, while wheat

edged lower on ample global supply.

FUNDAMENTALS

* The most-active soybean contract on the Chicago Board of

Trade (CBOT) declined 0.78% to $10.13 per bushel by 0105

GMT.

* Corn slipped 0.3% to $4.17-6/8 a bushel. Wheat

dropped 0.09% to $5.37-6/8 a bushel.

* Soybean and corn prices came under pressure from

expectations of a large production and beneficial weather in the

Midwest crop belt.

* Weak export demand added to the pressure on soybeans, with

recent weekly U.S. export sales hovering at the lower end of

trade estimates.

* Wheat softened further as ongoing Northern Hemisphere

harvests bolstered global supply, keeping prices in check.

* In trade developments, the U.S. struck a framework trade

agreement with the European Union on Sunday, imposing a 15%

import tariff on most EU goods and averting a bigger trade war

between the two allies that account for almost a third of global

trade.

* The South China Morning Post reported on Sunday that

Beijing and Washington were expected to extend their tariff

truce by another three months at trade talks in Stockholm

beginning on Monday.

* Traders were also taking positions ahead of the Trump

administration's August 1 tariff deadline.

* In China, the agriculture ministry last Friday warned that

high temperatures and drought might persist in some parts of the

country and have adverse impacts on autumn grain production.

* Commodity funds were net sellers of CBOT soyoil, wheat,

soybean, corn and soymeal futures contracts on Friday, traders

said.

MARKET NEWS

* Global stocks rose and the euro firmed after a trade

agreement between the United States and the EU lifted sentiment

and provided clarity in a pivotal week headlined by the Federal

Reserve and the Bank of Japan policy meetings.