BEIJING, July 30 (Reuters) - Chicago soybean futures

fell on Wednesday, weighed down by favourable weather conditions

across the U.S. Midwest and sluggish demand, particularly from

top importer China.

Corn and wheat futures also fell. Corn was pressured by

expectations of a large harvest, while abundant global supplies

weighed on wheat prices.

FUNDAMENTALS

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

Trade (CBOT) declined 0.1% to $10.09 per bushel by 0129

GMT, heading for a fourth consecutive session of fall.

* Corn slipped 0.12% to $4.11 a bushel. Wheat

dropped 0.33% to $5.28 a bushel, hovering near a seven-week low.

* Forecasts for cooler Midwest temperatures and periodic

rainfall in the U.S. Midwest bolstered expectations for a big

U.S. harvest, pressuring corn and soybean futures.

* Northern Hemisphere harvests and weak global demand kept

wheat prices under pressure.

* Chinese demand for soybeans is expected to remain subdued

during the peak U.S. marketing season later this year, as record

imports earlier in 2025 and tepid demand from animal feed

producers have pushed up soymeal inventories at home, trade

sources said. China is the world's top soy buyer.

* On the trade front, U.S. and Chinese officials agreed to

seek an extension of their 90-day tariff truce following two

days of talks in Stockholm aimed at defusing an escalating trade

war between the world's two biggest economies.

* No major breakthroughs were announced, and U.S. officials

said it was up to President Donald Trump to decide whether to

extend the trade truce that expires on August 12.

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

soymeal and soybean futures contracts on Tuesday and net buyers

of soyoil futures, traders said.

MARKET NEWS

* Global equities declined on Tuesday as U.S. investors

awaited earnings reports due this week from megacap companies

along with the Federal Reserve's next policy decision, while oil

prices jumped as the U.S. threatened China with higher tariffs

if it keeps buying Russian oil.

DATA/EVENTS (GMT)

0530 France GDP Preliminary QQ Q2

0800 Germany GDP Flash QQ SA, YY NSA Q2

0900 EU GDP Flash Prelim QQ, YY Q2

0900 EU Consumer Confid. Final July

1230 US GDP Advance Q2