BEIJING, June 17 (Reuters) - Chicago soybean futures

fell on Tuesday, pressured by favourable U.S. crop weather that

boosted harvest prospects and a drop in soyoil prices.

Corn eased on beneficial rains across key growing regions in

the U.S., though strong export data helped stem losses. Wheat

edged higher.

FUNDAMENTALS

* The most-active soybean contract dipped 0.35% to

$10.66 per bushel, as of 0112 GMT, snapping a two-day rally.

* Corn slipped 0.35% to $4.33 a bushel, while wheat

rose 0.42% to $5.39 a bushel.

* Declining soyoil prices also weighed on soybeans, as the

market paused after a two-day rally driven by strong U.S.

biofuel mandates and firmer crude oil.

* Soybeans continue to face headwinds from weak demand,

ongoing tariff uncertainty and global competition.

* Weekend rains favoured portions of the U.S. Plains as well

as the northwest and southeastern Midwest, meteorologists said,

which improved crop outlooks.

* U.S. government data showed improved weekly condition

ratings for the country's corn crop, matching the best levels

for this time of the season in several years. However, soybean

ratings declined.

* U.S. corn inspections in the latest week reached about

1.67 million metric tons, at the high end of trade expectations.

* Winter wheat ratings declined, with 52% of the crop rated

good-to-excellent, down from 54% last week. Analysts had

expected no change.

* Russian wheat export prices decreased last week as a new

crop approached the market amid moderately positive harvest

forecasts, analysts said.

* Commodity funds were net buyers of Chicago Board of Trade

soyoil futures contracts on Monday and net sellers of corn,

soymeal, wheat and soybean futures, traders said.

MARKET NEWS

The dollar strengthened against the safe-haven yen and Swiss

franc on Monday, but weakened against most major currencies, as

investors monitored the fighting between Israel and Iran for

signs it could escalate into a broader regional conflict and

braced for a week packed with central bank meetings.

DATA/EVENTS (GMT)

0900 Germany ZEW Economic Sentiment, Current Conditions

Jun

1230 US Import Prices YY, Retail Sales MM May

1315 US Industrial Production MM May