Wheat eases after multi-yr highs on global supply risks

PARIS/SINGAPORE, Nov 12 (Reuters): Chicago and Paris wheat futures inched lower on Friday, consolidating after multi-year highs a day earlier when the prospect of further Russian export restrictions rekindled worries about tightening global availability.

Soybeans and corn also ticked down after a choppy trading week influenced by an unexpected cut to the U.S. Department of Agriculture's (USDA) U.S. soybean harvest forecast in a monthly report and the rally in wheat.

Strength in the dollar pressured commodity markets and encouraged some selling in grains after this week's rise, traders said.

Grain markets were also waiting for weekly U.S. export data later on Friday for a fresh gauge of overseas demand.

On Thursday prices hit their highest since December 2012.