Supply pressure weighs on corn and soybeans

PARIS/CANBERRA, Oct 17 (Reuters): Chicago corn edged lower on Thursday as a brisk US harvest and improved planting weather in South America countered support from the biggest daily export sale of US corn in over a year.

Supply pressures also pulled downsoybean futures to another seven-week low, while wheat ticked lower asrain relief in Russian winter wheat zones tempered crop worries.

US grain prices have been further curbed by a rising dollar .DXY and falling crude oil this week, though both markets consolidated on Thursday.

The most-active corn contract on the Chicago Board of Trade was down 0.6% at $4.02-1/2 a bushel by 1109 GMT as a day-earlier rebound stalled.

CBOT soybeans were 0.9% lower at $9.70-3/4 a bushel. Prices earlier hit their lowest since Aug. 26 as they fell for a sixth straight session.

CBOT wheat was 0.5% down at $5.82-1/4 a bushel.