BEIJING, June 26 (Reuters) - Chicago soybean futures

slipped on Thursday, weighed down by favourable weather in the

U.S. Midwest and selling pressure.

Corn rebounded after four straight sessions of losses.

FUNDAMENTALS

* The most-active soybean contract eased 0.12% to

$10.17-2/8 per bushel as of 0122 GMT, hovering near an 11-week

low.

* Corn rose 0.24% higher to $4.11-2/8 a bushel, though

it remains near 2025 lows. Wheat traded flat at $5.44-4/8

a bushel.

* Warm, rainy weather has created ideal growing weather for

soybeans and corn in the U.S. Midwest.

* Selling pressure ahead of the first notice date for the

July soybean, wheat and corn contracts added to the downside.

* Corn and wheat also remain under pressure due to ample

supply outlooks and favourable weather.

* In Brazil, the National Energy Policy Council (CNPE) on

Wednesday approved higher biofuel blending mandates, a move

celebrated by renewable energy lobbies.

* Agricultural consultancy Sovecon said on Wednesday it had

slightly raised its forecast for Russian wheat production for

2025 to 83.0 million metric tons, citing improved crop

conditions in parts of central Russia.

* Traders are watching for the U.S. Department of

Agriculture's crop progress and quarterly stocks reports due

Monday

* Commodity funds were net sellers of Chicago Board of Trade

corn, soybeans, wheat and soymeal futures contracts on

Wednesday, traders said. Traders were net buyers of soyoil

contracts.

MARKET NEWS

The dollar eased to a fresh 3-1/2-year low on the euro on

Thursday as concerns about the future independence of the U.S.

Federal Reserve undermined faith in the soundness of the

country's monetary policy.

DATA/EVENTS (GMT)

1230 US Durable Goods May

1230 US GDP Final Q1

1230 US Initial Jobless Clm 21 Jun, w/e

1430 US EIA-Nat Gas Chg Bcf, Nat Gas-EIA Implied Flow

20 Jun, w/e