BEIJING, July 1 (Reuters) - Chicago corn futures edged

higher on Wednesday, supported by a U.S. Department of

Agriculture estimate of tighter U.S. stocks, while wheat rose

after the agency pegged U.S. plantings and quarterly stocks

below trade expectations.

Soybeans slipped as the USDA estimated larger stocks and a

jump in U.S. plantings, while ample global supplies also added

pressure.

FUNDAMENTALS

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

Trade (CBOT) rose 0.3% to $4.18 a bushel by 0131 GMT,

while wheat climbed 0.51% to $5.92-1/4 a bushel. Soybeans

lost 0.33% to $11.4 a bushel.

* In its quarterly report, the USDA pegged June 1 wheat

stocks at 920 million bushels and corn stocks at 5.295 billion,

both below analyst estimates, while soybean stocks topped

expectations at 1.061 billion.

* In its annual acreage report, the USDA pegged U.S. corn

plantings at 95.343 million acres, above trade expectations but

down from 2025 and still the fourth largest since 1944. Wheat

acres fell to 42.740 million, below estimates, while soybean

plantings rose to 85.365 million, in line with expectations.

* Hot weather across the U.S. Midwest this week was expected

to stress the soybean and corn crops before easing later this

week, forecasters said.

* Wheat futures drew support from robust export demand. The

USDA confirmed private sales of 100,000 metric tons of U.S. hard

red spring wheat to Nigeria for delivery in the 2026/27

marketing year that began on June 1.

* Swift U.S. harvest progress and strong production

prospects in the Black Sea export region continued weigh on

wheat prices.

DATA/EVENTS (GMT)

0030 Japan S&P Global Mfg PMI Final Jun

0145 China RatingDog Manufacturing PMI Final Jun

0600 UK Nationwide house price mm, yy Jun750

France S&P Manufacturing PMI Jun

0755 Germany S&P Manufacturing PMI Jun

0800 EU S&P MFG Final PMI Jun

0830 UK S&P GLOBAL MANUFACTURING PMI Jun

0900 EU HICP Flash YY Jun

0900 EU HICP-X F, E, A, T Flash YY, MM Jun

1345 US S&P Global Mfg PMI Final Jun

1400 US ISM Manufacturing PMI Jun

(Reporting by Ella Cao and Lewis Jackson; Editing by Subhranshu

Sahu)