(Updates with European trading, changes dateline)

PARIS/BEIJING, June 27 (Reuters) - Chicago corn and

soybean futures rose on Friday from multi-month lows, supported

by gains in wider financial markets and signs of progress in

U.S.-China trade talks.

Wheat also regained ground after falling in the past four

sessions.

Grain market participants were adjusting positions as they

turned their attention to U.S. Department of Agriculture acreage

and stocks reports on Monday.

However, favourable supply prospects in the United States

and worldwide remained a curb on prices.

The most-active soybean contract was up 0.3% at

$10.19-1/2 per bushel at 1150 GMT, as it climbed off an earlier

2-1/2 month low at $10.13-1/4.

CBOT corn gained 1.4% to $4.09-3/4 a bushel to recover

from Thursday's eight-month low of $4.02-1/4. CBOT wheat

added 0.8% to $5.41-1/4 a bushel.

"The U.S. bear market has gradually eased in the absence of

major new developments. Market participants are now awaiting

USDA reports, particularly the planted acreage report," Argus

Media analysts said.

Share and oil prices rose on Friday after Washington

announced an agreement with China on how to expedite rare earth

shipments to the United States, boosting investor confidence in

a de-escalation of the two countries' trade war.

The tariff tussle with China has been a particular concern

for the U.S. soybean market, with U.S. exports reliant on China

as the world's biggest importer of the oilseed.

Further weakness in the dollar, as investors see chances of

bigger U.S. interest rate cuts this year, also helped underpin

commodity markets.

Supply prospects still hung over grains.

Warm weather and rains have created ideal growing conditions

for soybeans and corn in the U.S. Midwest, while in Brazil

farmers are expected to harvest a bumper second corn crop

following a record soybean harvest earlier this year.

In wheat, the International Grains Council raised its

2025-26 world wheat crop outlook by 2 million tons to 808

million on Thursday, while the European Commission increased its

forecast for the European Union's soft wheat crop by 1.6 million

tons to 128.2 million tons.

Prices at 1150 GMT

Last Change Pct Move

CBOT wheat 541.25 4.50 0.84

CBOT corn 409.75 5.75 1.42

CBOT soy 1019.50 3.00 0.30

Paris wheat 195.75 0.50 0.26

Paris maize 194.25 -0.25 -0.13

Paris rapeseed 476.00 -1.00 -0.21

WTI crude oil 65.63 0.39 0.60

Euro/dlr 1.17 0.00 0.12

Most active contracts - Wheat, corn and soy US

cents/bushel, Paris futures in euros per metric

ton