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Worries over U.S. tariffs on China pressure soybeans

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Corn futures tick higher ahead of WASDE report

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Bargain buying, weather concerns support wheat

(Updates prices, adds quotes, bullets, changes byline and

dateline)

By P.J. Huffstutter

CHICAGO, March 10 (Reuters) - Chicago Board of Trade

soybeans turned lower on Monday, as prices were weighed down by

weakness in the oil market and traders' concern over Chinese

deflation, market analysts said.

In addition to market uncertainty caused by U.S. trade

tariffs, traders were tuned into news that China's consumer

price index fell at the sharpest pace in 13 months in February -

and how much that might chill demand for U.S. soy demand going

forward.

Soybeans also are being pressured by the South American

harvest coming on strong, said Karl Setzer, partner at Consus

Ag. "There's just not a lot of positive news right now for soy."

Meanwhile, corn futures ticked higher ahead of a key global

supply-and-demand report, as market participants adjusted their

positions.

And wheat futures firmed, after the latest Russian wheat

crop estimate is well below the USDA projection - as is the

country's export target.

A lack of rain forecasts in top wheat producing regions also

gave wheat futures a boost, said Ben Buckner, AgResource Co

grains and dairy analyst.

While this isn't typically the time of year that weather

will severely damage crop production, a lack of moisture can

affect have some effect on yields, Buckner said.

Chicago Board of Trade most-active soybeans was down

0.78% to $10.17 a bushel by 1643 GMT, with soyoil futures

following crude oil lower in the session. Corn was up

0.53% at $4.71-3/4 a bushel and wheat rose 2.49% to $5.65

a bushel.

Trade disputes over U.S. tariffs continued to underpin

agricultural markets, market analysts said, with the next stage

of the U.S. trade war with top global soybean buyer China

awaited.

Market players are waiting for the U.S. Department of

Agriculture's next monthly supply/demand report on March 11. The

report will consider trade policies in place when the forecasts

for grains and soybeans are issued, an agency official said on

Thursday.

(Additional reporting by Michael Hogan in Hamburg and Naveen

Thukral in Singapore; Editing by Subhranshu Sahu, Varun H K and

David Evans)